516 west 162nd street

affordable housing, housing lotteries, Washington Heights

Coogan’s Restaurant in Washington Heights, via CityRealty

A recent Post article dubbed Washington Heights “the new Williamsburg,” referencing census data that shows the upper-Manhattan ‘hood has more millennials than any other area in the entire city. Noting that New Yorkers age 20 to 34 have been priced out of places like Bushwick, NYU adjunct professor of urban planning Michael Keane said, “they’re thinking, ‘Hey, Washington Heights is in Manhattan, it’s easy to get to Midtown, crime is down and the rent is several hundred dollars less.’” And this new middle-income housing opportunity at 516 West 162nd Street, is even less, with five one-bedrooms up for grabs for $1,705 a month and one two-bedroom for $2,055. By comparison, market-rate one-beds in the building go for $2,300 and two-beds for $3,050.

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