The affordable housing lottery has launched for 1650 Madison Avenue, an eight-story mixed-use building in East Harlem, Manhattan. Designed by ARC Architecture Design Studio and developed by A&R Properties Group, the structure yields 23 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $101,143 to $165,230.
1650 Madison Avenue in East Harlem, Manhattan via NYC Housing Connect
1650 Madison Avenue in East Harlem, Manhattan via NYC Housing Connect
Amenities include bike storage lockers, shared laundry room, storage, gym, yoga and dance studio, spa, rooftop terrace, green space, on-site resident manager, and virtual doorman. Residences come equipped with air conditioning, high-speed internet, dishwashers, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity. New leases get 2.5 months of free rent.
1650 Madison Avenue in East Harlem, Manhattan via NYC Housing Connect
1650 Madison Avenue in East Harlem, Manhattan via NYC Housing Connect
1650 Madison Avenue in East Harlem, Manhattan via NYC Housing Connect
At 130 percent of the AMI, there are seven one-bedrooms with a monthly rent of $2,950 for incomes ranging from $101,143 to $165,230.
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 28, 2023.
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Here we go again
NYYIMBY trying to claim this is affordable housing when this is INNCOME LINKED HOUSING FOR UPPER INCOME PEOPLE MAKING
130 percent of the AMI, there are seven one-bedrooms with a monthly rent of $2,950 for incomes ranging from $101,143 to $165,230.
The millionaire developer used the DEAD 421A NYS taxpayer subsidized program to build luxury housing and then claim it’s affordable
Thanks DEBlasio
Unfortunately a large scale affordable housing program like Mitchel-Lama is unlikely in NY with the get in and get out culture of real estate developers and I don’t see HUD subsidizing such endeavors on a federal level unless that department finds its way back to it’s roots. I don’t know what the answer is. Such is life in a society that worships at the alter of the free market. I do know that beating the dead horse like you do nearly every day in the comment section of an obscure real estate blog is not solving anything though.
It’s a beautiful building, but I’m disappointed that it’s affordable. I would like to see the area to get more MARKET VALUE apartments. If the whole world is subsidized, other people’s money eventually will run out- an economic model that only furthers govt dependency and urban decay. Oh and the NYSNA communities nearby also have to go- the people that live in them do not care for the local community- I’ve literally seen them throw garbage out of their windows. It’s time to give a rebirth to them and privatize.
Maybe you didn’t mean for it to be but this comment reads like a neo-lib parody.
When will our mayor get his head out his ass in realize this is not affordable for seniors and retirement people or handicap people who live in New York City. You build in our neighborhoods but you don’t want us to live there.
So let me get this clear, you “own” the neighborhood?