Gotham Point

affordable housing, housing lotteries, Long Island City, Rentals, SPOTLIGHT SERIES 3, Top Stories

All renderings courtesy of VUW Studio

At a time when finding an affordable apartment in New York City feels impossible, here’s an opportunity to live in a luxury Long Island City building for less. A housing lottery has launched at Gotham Point, a two-tower mixed-use development in Hunter’s Point South with 1,132 apartments, a majority of which are priced below the market rate. After welcoming its first residents to the South tower this spring, the taller North tower is now accepting applications for 463 rent-stabilized rentals at 1-15 57th Avenue, Long Island City, NY. The 58-story building is open to New Yorkers earning between 30 percent and 165 percent of the area median income (AMI), or between $16,183 and $273,075 annually.*

Find out if you qualify

affordable housing, housing lotteries, Long Island City, Rentals

All renderings courtesy of VUW Studio

Waterfront luxury living in New York City doesn’t have to be out of reach. Located on the East River in Hunter’s Point South, Gotham Point is a mixed-use complex with over 1,100 apartments, 75 percent of which are priced below the market rate. Applications are now being accepted for 270 rent-stabilized apartments at the Long Island City development’s South tower. The building is open to New Yorkers with a wide range of household income levels, between 30 percent and 165 percent of the area median income (AMI), or between $15,806 and $244,200 annually. That means a single person who earns between $15,806 and $25,090 annually would pay $738/month for a studio and a four-person household with an income range of between $126,686 and $196,845 would pay $3,580/month for a three-bedroom.

Find out if you qualify

Long Island City, Major Developments, New Developments

All renderings courtesy of VUW Studio

A massive development with over 1,000 units of housing is coming to Long Island City’s Hunter’s Point South neighborhood. Developed by the Gotham Organization and RiseBoro Community Partnership, Gotham Point includes two towers and a total of 1,132 residences, 75 percent of which are affordable. The project is part of a broader plan first announced in 2013 by former Mayor Michael Bloomberg to redevelop nine parcels of land in Hunter’s Point South and bring 5,000 new apartments to the neighborhood. As the first tower nears completion, 6sqft got an exclusive look at Gotham Point, the latest residential project to rise on the Queens waterfront.

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