Housing Lottery Launches for The Arabella at 4720 3rd Avenue in Belmont, The Bronx
The affordable housing lottery has launched for The Arabella, a nine-story residential building at 4720 3rd Avenue in Belmont, The Bronx. Designed by Ismael Leyva Architects and developed by Vertical Community Development and Sioni Group, the structure yields 165 residences as well as a 60,500-square-foot retail portion designed by Marin Architects. 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 $80,572 to $250,380.