40-05 Crescent Street

affordable housing, housing lotteries, Long Island City

Photo via CityRealty

With speculation about Amazon’s chosen HQ2 cities landing on Long Island City this week, the questions of transportation and affordability in the neighborhood have come to the forefront. And a new affordable housing lottery in the area does not look good for the latter. As of tomorrow, New Yorkers earning 130 percent of the area median income can apply for 10 units at the newly constructed, mixed-use rentalĀ 40-05 Crescent Street. Located on the border of Astoria, the building houses 32 rentals, an underground parking garage, and two floors of manufacturing space. The “affordable” units range from $2,125/month studios to $2,741/month two-bedrooms.

See what the qualifications are

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