The affordable housing lottery has launched for Anagram Turtle Bay, a 23-story mixed-use building at 300 East 50th Street in Midtown East, Manhattan. Designed by BKSK Architects and developed by MAG Partners in collaboration with Global Holdings, KRW Realty Advisors, Krown Point, and Safanad, the structure yields 194 residences. Available on NYC Housing Connect are 72 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $60,172 to $227,500.
Anagram Turtle Bay at 300 East 50th Street in Midtown East, Manhattan via NYC Housing Connect
Amenities include pet-friendly policies, bike storage lockers, a shared laundry room, common area Wi-Fi, gym, media room, party room, community events and classes, recreation room, business center, concierge, and a rooftop terrace. Units are equipped with washers and dryers, air conditioning, hardwood floors, patios or balconies, intercoms, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for household electricity, including electric stove and cooling.
At 70 percent of the AMI, there is one studio with a monthly rent of $1,644 for incomes ranging from $60,172 to $90,720; five studios with a monthly rent of $1,817 for incomes ranging from $66,103 to $90,720; five one-bedrooms with a monthly rent of $1,756 for incomes ranging from $64,560 to $102,060; five one-bedrooms with a monthly rent of $1,945 for incomes ranging from $70,903 to $102,060; two two-bedrooms with a monthly rent of $2,095 for incomes ranging from $77,658 to $122,500; one two-bedroom with a monthly rent of $2,318 for incomes ranging from $85,303 to $122,500; and one three-bedroom with a monthly rent of $2,408 for incomes ranging from $89,829 to $140,630.
At 130 percent of the AMI, there are ten studios with a monthly rent of $3,447 for incomes ranging from $121,989 to $168,480; 22 one-bedrooms with a monthly rent of $3,689 for incomes ranging from $130,835 to $189,540; and seven two-bedrooms with a monthly rent of $4,415 for incomes ranging from $157,200 to $227,500.
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 21, 2025.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Lovely place very peaceful neighborhood