The affordable housing lottery has launched for 1985 Jerome Avenue, a seven-story mixed-use building in Morris Heights, The Bronx. Designed by ARC Architecture + Design Studio and developed by Moris Yeroshalmi under the Yed LLC, the structure yields 56 residences. Available on NYC Housing Connect are 28 units for residents at 40 to 80 percent of the area median income (AMI), ranging in eligible income from $35,692 to $116,640.
Amenities include an outdoor terrace, backyard, rooftop terrace, bike storage lockers, shared laundry room, virtual doorman, and gated access. Residences are equipped with split-unit heating and cooling, charging outlets with USB ports, and are ready for high-speed internet and cable or satellite TV. Tenants are responsible for electricity, including stove, hot water, and heat.
1985 Jerome Avenue in Morris Heights, The Bronx via NYC Housing Connect
1985 Jerome Avenue in Morris Heights, The Bronx via NYC Housing Connect
1985 Jerome Avenue in Morris Heights, The Bronx via NYC Housing Connect
At 40 percent of the AMI, there are five one-bedrooms with a monthly rent of $761 for incomes ranging from $35,692 to $58,320; two one-bedrooms with a monthly rent of $941 for incomes ranging from $41,863 to $58,320; and four two-bedrooms with a monthly rent of $833 for incomes ranging from $42,583 to $70,000.
At 60 percent of the AMI, there are six one-bedrooms with a monthly rent of $1,261 for incomes ranging from $52,835 to $87,480; three one-bedrooms with a monthly rent of $1,548 for incomes ranging from $62,675 to $87,480; and two two-bedrooms with a monthly rent of $1,433 for incomes ranging from $63,155 to $105,000.
At 80 percent of the AMI, there are six one-bedrooms with a monthly rent of $1,762 for incomes ranging from $70,012 to $116,640.
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 18, 2026.
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It looks like an Econo Lodge.
Ahhh yes, Econo Lodge. Many memories of them growing up as my folks weren’t well off and the rent was lower than most because they didn’t have pools. Very popular with kids obviously.
80% AMI!! Hooray !! That means they estimate only 30% of the area cannot afford it.
When I lived in the area 50 years ago, Jerome Ave. under the elevated #4 train was a long stretch of one-story auto repair businesses.
Pretty much still was up until ten years ago or so. Plenty left of that of course. Will probably take twenty years to fully replace.