The affordable housing lottery has launched for 300 East 83rd Street, a 22-story residential building on Manhattan’s Upper East Side. Designed by SLCE Architects and developed by Lalezarian Properties, the structure yields 70 residences. Available on NYC Housing Connect are 28 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $59,280 to $218,010.
Amenities include pet-friendly policies, bike storage lockers, a shared laundry room, gym, recreation room, children’s playroom, elevator, recycling center, and a rooftop terrace. Units come equipped with washers and dryers, air conditioning, smart controls for heating and cooling, intercoms, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity.
At 70 percent of the AMI, there is one studio with a monthly rent of $1,655 for incomes ranging from $59,280 to $87,010; one one-bedroom with a monthly rent of $1,667 for incomes ranging from $60,035 to $97,860; one one-bedroom with a monthly rent of $1,769 for incomes ranging from $63,532 to $97,860; and four two-bedrooms with a monthly rent of $1,991 for incomes ranging from $72,000 to $117,390.
At 130 percent of the AMI, there are six studios with a monthly rent of $3,139 for incomes ranging from $107,623 to $161,590; five one-bedrooms with a monthly rent of $3,358 for incomes ranging from $115,132 to $181,740; and ten two-bedrooms with a monthly rent of $4,020 for incomes ranging from $137,829 to $218,010.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than September 30, 2024.
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Woo this building look beautiful to live,can someone help me get here, one love
A studio for $1600??? I’m old and not from New York so this – as a special deal- seems like a lot of money. Although I have always said if somebody gave me $10 million first thing I would buy is an apartment in NY. I love following YIMBY.
A studio for 1600 in this economy is like hitting the jackpot!
You better figure out a way to maintain your monthly cash flow, otherwise that $10M won’t last very long.