1992 Third Avenue

affordable housing, Harlem, housing lotteries

Despite the city’s recent rezoning efforts to make East Harlem more affordable, it seems as though the latest batch of lotteries are anything but. Last month, a middle-income lottery came online for 111 East 115th Street, where some of the “affordable” apartments were actually more expensive than the market-rate units. As of today, New Yorkers earning 130 percent of the area median income can apply for five one-bedroom apartments at the new rental 1992 Third Avenue, just off 110th Street. The units are reserved for one- and two-person households earning between $77,246 and $99,320 annually and are renting for $2,253/month–not much less than the neighborhood’s $2,392/month average for one-bedrooms.

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