New York City: A new East Harlem complex is accepting applications for a housing lottery for 276 rent-stabilized apartments.
Applicants must be New Yorkers with an annual income between $19,646 and $192,610, depending on the size of the household. A studio can be rented for $498 per month.
There are bike storage lockers, a community center, a laundry facility, and a gym located in the building. The building is at 50 East 112th St.
The Central Park North 110th Street stop, where you may catch the 2 and 3 trains, and the 110th Street subway station, which serves the 4 and 6 lines, are located near the building.
The 34-story skyscraper, which contains 348 units overall, is the second part of a mixed-use project by Acacia Network, L+M Development Partners, and Jonathan Rose Companies.
The project’s first building opened to tenants in 2021, and all of the buildings are constructed by Passive House guidelines, which makes them healthier and more energy-efficient inside.
The apartments are reserved for New Yorkers with incomes ranging from 30 to 110 percent of the area median income (AMI), which varies based on the number of household members. At the moment, a two-person household’s AMI in New York City is $113,000. In addition to one-, two-, and three-bedroom apartments, there are studios available.
For households making between $81,772 and $139,810 per month, depending on how many people reside with you, there are 58 one-bedroom apartments available. These apartments are rented for $2,300 a month.
Of the rent-stabilized flats, the developers have reserved 50% for applicants who currently reside in the neighborhood. A minor portion of the homes are set aside for occupants with mobility, eyesight, or hearing impairments, and an additional 5% of the flats will be awarded to NYC employees with preference.
The application deadline is February 9th and must be completed online or by mail.
Through NYC Housing Connect, you can establish a profile and apply online for one of these apartments if you’re interested and eligible.