The affordable housing lottery has launched for 1998 Second Avenue, a 12-story mixed-use building in East Harlem, Manhattan. Designed by GF55 Partners and developed by Peter Fine of Bolivar Development, the structure yields 164 residences. Available on NYC Housing Connect are 51 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,429 to $215,150.
Amenities include pet-friendly policies, an attended lobby, on-site resident manager, media room with a separate outdoor 17-foot-tall movie screen, fitness center, party room, concierge, common area Wi-Fi, multiple BBQ areas with seating, rooftop lounge, and outdoor roof deck with a pool. Units come equipped with washers and dryers, dishwashers, and free storage. Tenants are responsible for electricity.
At 130 percent of the AMI, there are 13 studios with a monthly rent of $2,200 for incomes ranging from $75,429 to $138,840; 11 one-bedrooms with a monthly rent of $2,500 for incomes ranging from $85,715 to $156,130; 14 one-bedrooms with a monthly rent of $2,600 for incomes ranging from $89,143 to $156,130; ten two-bedrooms with a monthly rent of $3,200 for incomes ranging from $109,715 to $187,330; and three three-bedrooms with a monthly rent of $3,750 for incomes ranging from $128,572 to $215,150.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than July 14, 2022.