The affordable housing lottery has launched for Inkwell, a nine-story residential building at 586 Gerard Avenue in Concourse, The Bronx. Designed by Issac & Stern Architects and developed by The Karten Organization under the SB Gerard Avenue LLC, the structure yields 200 residences. Available on NYC Housing Connect are 60 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $74,195 to $227,500.
Amenities include a dog washing station, a garage with electric vehicle charging stations, bike storage lockers, a shared laundry room, media room, party room, recreation room, business center, storage, and a community center with scheduled events and classes. Residences are equipped with washer and dryers. Tenants are responsible for electricity, including electric stove and heat.
Inkwell at 586 Gerard Avenue in Concourse, The Bronx via NYC Housing Connect
Inkwell at 586 Gerard Avenue in Concourse, The Bronx via NYC Housing Connect
Inkwell at 586 Gerard Avenue in Concourse, The Bronx via NYC Housing Connect
At 80 percent of the AMI, there are 28 one-bedrooms with a monthly rent of $1,974 for incomes ranging from $74,195 to $116,640, and 12 two-bedrooms with a monthly rent of $2,351 for incomes ranging from $89,315 to $140,000.
At 130 percent of the AMI, there are 14 one-bedrooms with a monthly rent of $3,150 for incomes ranging from $114,515 to $189,540, and six two-bedrooms with a monthly rent of $3,550 for incomes ranging from $130,423 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 January 7, 2026.
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Anyone not familiar with the Bronx, that building is in the lower concourse, its the Bronx’s LIC, just more affordable and natural. Pretty cool neighborhood that is growing nicely. They just need some cool places to hang out at and some more office space.
You make a fair point about office space but even LIC isn’t seeing much office space anymore. Mostly residential. As to the BX the office space would be better in the Courthouse area around 161st
I’d love to see a total redevelopment of Concourse Plaza into a multistory retail and commercial base with 2 or 3 substantial mixed use towers above. Really intense not-messing-around density with a fair amount of office.
Nice design.
Yeah this took much longer than expected. But it seems to be designed well