The affordable housing lottery has launched for 3633 Kingsbridge Avenue, a three-story mixed-use building in Kingsbridge, The Bronx. Designed by Stoa Design Studio and developed by Costa Ioannou, the structure yields nine residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $109,715 to $181,740.
Amenities include garage with assigned parking spaces. Residences come with dishwashers, intercoms, energy-efficient appliances, LED undermounted lighting, heated bathroom flooring, large windows, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity.
At 130 percent of the AMI, there are three one-bedrooms with a monthly rent of $3,200 for incomes ranging from $109,715 to $181,740.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than May 23, 2024.
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Wow, that is horrendous.
Agreed. Is it really worth $3000 a month?