The affordable housing lottery has launched for 88 East 127th Street, a 19-story mixed-use building in East Harlem, Manhattan. Designed by GF55 Architects and developed by Artimus Construction, the structure yields 160 residences. Available on NYC Housing Connect are 40 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $29,109 to $198,250.
Amenities include a 19th floor residential lounge with a landscaped terrace, a third floor residential lounge with a landscaped terrace, game room, fitness center, library/co-working space, a pet spa, bike storage, shared laundry room, common area wifi, and a virtual doorman. Residences come with dishwashers, name-brand kitchen countertops and finishes, energy-efficient appliances, air conditioning, and smart controls for heating and cooling. Tenants are responsible for electricity.
At 40 percent of the AMI, there are 13 studios with a monthly rent of $763 for incomes ranging from $29,109 to $45,200; six one-bedrooms with a monthly rent of $812 for incomes ranging from $31,200 to $50,840; and 13 two-bedrooms with a monthly rent of $965 for incomes ranging from $37,509 to $61,000.
At 130 percent of the AMI, there are two studios with a monthly rent of $2,550 for incomes ranging from $87,429 to $146,900; three one-bedrooms with a monthly rent of $2,900 for incomes ranging from $99,429 to $165,230; and three two-bedrooms with a monthly rent of $3,773 for incomes ranging from $129,360 to $198,250.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than October 9, 2023.
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Everyone knows that name brand countertops are for opening Amazon boxes.
No units for someone making 61k-81k? Always wondered what happens when you get a promotion or a better paying job. Does your rent go up or do you have to move?