Affordable Housing Lottery Launches for 1402 York Avenue on the Upper East Side

1402 York Avenue on the Upper East Side. All images courtesy of NYC Housing Connect1402 York Avenue on the Upper East Side. All images courtesy of NYC Housing Connect

The affordable housing lottery has launched for 1402 York Avenue, an 11-story residential building on the Upper East Side of Manhattan. Designed by Kossar + Garry Architects and developed by Crest Group, the development consists of ten out of 11 homeownership units being sold at below-market rates. Available on NYC Housing Connect are ten units for residents at 63 percent of the area median income (AMI), ranging in eligible income from $43,488 to $60,165.

Amenities include a gym, bike storage lockers, and rooftop terrace. Tenants are responsible for electricity, as well as gas for stove, heat, and hot water.

Residences at 1402 York Avenue on the Upper East Side

Residences at 1402 York Avenue on the Upper East Side

Residences at 1402 York Avenue on the Upper East Side

Residences at 1402 York Avenue on the Upper East Side

At 63 percent of the AMI, there are two studios with a $96,386 estimated sales price and $1,268 monthly carrying fee for incomes ranging from $43,488 to $60,165; and eight studios with a $50,161 estimated sales price and $1,268 monthly carrying fee for incomes ranging from $43,488 to $60,165. All units have a 10-percent minimum down payment.

Prospective buyers must occupy the cooperative apartment as their primary residence. Any prospective applicant who currently owns or has previously purchased a residential property is ineligible. Applications must be postmarked or submitted online no later than June 29, 2021.

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TFC Horizon
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8 Comments on "Affordable Housing Lottery Launches for 1402 York Avenue on the Upper East Side"

  1. I’m all for affordable housing and understand the budget constraints, but that kitchen is just barf. Get some ikea up in there for godsakes. Anything would be better than that tacky 1980s honey oak nonsense.

  2. Agree with above comment. That kitchen. YIKES!

  3. Jean Palumbo | May 23, 2021 at 2:42 pm | Reply

    You only mention studios!do you have 1 bed is washer dryer combo in unit. Agree with Above comments. The kitchen cabinets look pretty sad. white,off white,light grey are the now colors, for the same price.Stay away from Ikea cheap press wood.stove sticks out like a sore thumb. Stay monochromatic gives cleaner look. Affordable doesn’t have to mean ugly,especially for what the charges are and in that lovely neighborhood.
    Please send application.

  4. Lorraine givens | May 23, 2021 at 6:37 pm | Reply

    Yes i like it. Thank you

  5. Nelly Zambrano | May 24, 2021 at 9:13 am | Reply

    Fits like a Dimond ring.

  6. Damned Architect | May 24, 2021 at 2:16 pm | Reply

    Finally!Affordable housing that lives up to its name (63% AMI is great)….and it has a Home Depot kitchen 🙁

  7. I need a 3 bedroom apartment for my family and me

  8. Hello I’m interested in a studio apt I have section 8 and I have a voucher please help me find a place. Thank you.

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