Crest Group

1402 York Avenue on the Upper East Side. All images courtesy of NYC Housing Connect

Affordable Housing Lottery Launches for 1402 York Avenue on the Upper East Side

The affordable housing lottery has launched for 1402 York Avenue, an 11-story residential building on the Upper East Side of Manhattan. Designed by Kossar + Garry Architects and developed by Crest Group, the development consists of ten out of 11 homeownership units being sold at below-market rates. Available on NYC Housing Connect are ten units for residents at 63 percent of the area median income (AMI), ranging in eligible income from $43,488 to $60,165.

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1402 York Avenue

Reveal for 11-Story, 11-Unit Residential Project at 1402 York Avenue, Upper East Side

In April, YIMBY reported on applications for an 11-story, 11-unit residential building at 1402 York Avenue, located between East 74th and 75th streets on the Upper East Side. Now, a rendering has been revealed of the project, via DNAinfo. The units, averaging a spacious 1,926 square feet apiece, surprisingly won’t be condominiums, at least in the beginning. The full-floor rental apartments will be known as “homeownership” units, which means tenants can put their rent payments towards buying their home. Of the 11 residential units, 10 of them will begin by renting at below market-rates. Crest Group is the developer, with Kossar + Garry Architects behind the design.

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