Streetview of 325 East 25th Street; Map data © 2021 Google
Located where Gramercy Park and Kips Bay meet, the residential building at 325 East 25th Street is now accepting applications for over 50 mixed-income apartments. Designed by SLCE Architects, the nine-story tower is reopening a housing lottery for nine vacant apartments, although all eligible applicants will be placed on the waitlist for any future vacancies. New Yorkers earning 80, 120, 145, and 165 percent of the area median income can apply for the units, which range in price from $1,458/month two-bedrooms to $2,612/month one-bedrooms.
Do you qualify?
A common complaint about the city’s affordable housing lotteries is that they don’t often pertain to middle-income New Yorkers who are struggling to pay market-rate rents just the same. But here’s the chance for this often-overlooked group to get in on the action — a lottery launches tomorrow for 55 middle-income apartments at 325 East 25th Street. Not only do the rents range from $1,715/month studios to $2,216/month two-bedrooms, but the building is located in a prime Murray Hill location just north of Gramercy and right in the mix of restaurants and bars (okay, maybe just bars) for which the ‘hood is known.
Get the full breakdown here