The affordable housing lottery has launched for 300 East 83rd Street, 22-story residential building on the Upper East Side of Manhattan. 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, and a rooftop terrace. Residences come with washers and dryers, air conditioning, smart controls for heating and cooling, energy-efficient appliances, and name-brand kitchen appliances, countertops, and finishes.
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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$12,500 a month for a two-bedroom rental otherwise. I’m unsure who pays these prices. That much money gets you a lot better than a compact two-bedroom.
There is a certain financial level of people you are looking for. You Should indicate that first. Nothing affordable about your apartments.
12.5k rent for a 2br in prime locations (like, Soho, Tribeca, West Chelsea, Hudson Yards) isn’t uncommon. The tenants can be children of rich parents, or widows, or PE/bank finance ppl. To them, location + time matter more than having 2500 sqft in suburbs
Should allow retired senior citizens who live off of their pensions can pay the rent but not making hundreds and thousands of dollars income.
They can move to somewhere that’s not the most expensive metro in the whole US