The affordable housing lottery has launched for 55 Broad Street, a 36-story office-to-residential conversion in Manhattan’s Financial District. Designed by CetraRuddy and developed by Silverstein Properties and Metro Loft, the structure yields 571 residences. Available on NYC Housing Connect are 143 units for residents at 40 to 100 percent of the area median income (AMI), ranging in eligible income from $37,578 to $200,900.
55 Broad Street in the Financial District via NYC Housing Connect
55 Broad Street in the Financial District via NYC Housing Connect
Amenities include an on-site resident manager, pet-friendly policies, a dog washing station, shared laundry room, bike storage lockers, gym, yoga and dance studio, pool, media room, party room, and rooftop terrace. Tenants are responsible for electricity including stove, hot water, and heat.
55 Broad Street in the Financial District via NYC Housing Connect
55 Broad Street in the Financial District via NYC Housing Connect
At 40 percent of the AMI, there are 29 studios with a monthly rent of $912 for incomes ranging from $37,578 to $51,840.
55 Broad Street in the Financial District via NYC Housing Connect
55 Broad Street in the Financial District via NYC Housing Connect
At 80 percent of the AMI, there are 41 studios with a monthly rent of $1,967 for incomes ranging from $73,749 to $103,680, and 35 one-bedrooms with a monthly rent of $2,075 for incomes ranging from $79,646 to $116,640.
55 Broad Street in the Financial District via NYC Housing Connect
55 Broad Street in the Financial District via NYC Housing Connect
At 100 percent of the AMI, there are 28 one-bedrooms with a monthly rent of $2,640 for incomes ranging from $99,018 to $145,800; nine two-bedrooms with a monthly rent of $3,101 for incomes ranging from $119,658 to $175,000; and one three-bedroom with a monthly rent of $3,522 for incomes ranging from $137,452 to $200,900.
55 Broad Street in the Financial District via NYC Housing Connect
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than August 4, 2025.
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We are witnessing a new era in housing and it’s exciting.
Everyday small changes are occurring in the financial district which when aggregated together making the entire neighborhood a more desirable place to live. Things such as new restaurants, grocery stores, and dog groomers, to more street trees, wider sidewalks, expanded pedestrian spaces, and reimagined plazas reoriented from office worker lunch spaces to family recreation. I was walking around the financial district last night at and was amazed at how many people were out and about walking dogs and pushing strollers.
I may be in the minority, but I love that financial district lower manhattan neighborhood. I think it would be a great place to live.