205 East 92nd Street

Apartment Deals, New Developments, Rentals, Upper East Side

Upper East Side Rentals, The Easton, 205 East 92nd Street, Related Companies

Not quite ready to buy a condo, but still want to feel like you’re living in one? For a limited time, the Related Companies is offering one month free at their newest upscale rental The Easton, located at 205 East 92nd Street. The 36-story development is located at the boundary of the Carnegie Hill and Yorkville neighborhoods on the Upper East Side and is loaded with all the amenities, thoughtful layouts, and meticulous craftsmanship typical of many new high-end condominiums.

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affordable housing, housing lotteries, New Developments, Rentals, Upper East Side

NYC affordable housing, 205 East 92nd Street, Ruppert Playground, Related Companies 6

Photographs from mid-October of 205 East 92nd Street by the photoblogger Field Condition

Related Companies‘ playground-pouncing rental tower at 205 East 92nd Street has launched its housing lottery that provides below-market rents for 47 of the building’s 231 units. The 36-story tower is in its home stretch of construction, prepping for occupancy in early 2016. Vested in the city’s and state’s Inclusionary Housing /421-a programs, 20 percent of the units will be reserved for low-income tenants. Fifty percent of the subsidized units will be reserved for residents of Manhattan Community Board 8 (covering the Upper East Side and Roosevelt Island) and an additional 5 percent for municipal employees.

Selected applicants will be provided apartments at a tremendous discount when compared to the neighborhood’s market-rate rents. According to CityRealty, the median rental price for a one-bedroom in Yorkville stands at $3,210; and $5,398 for two-bedroom apartments. Affordable one-bedrooms at 205 East 92nd will start at $607 and two-bedrooms at $736.

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