Lottery opens for 160 affordable apartments near the High Line, starting at $702/month
Photo via Flickr cc
The High Line and affordability don’t typically go hand-in-hand, but the lottery opens tomorrow for a new, 160-unit affordable housing project at 425 West 18th Street, less than a block from the High Line. As part of a Bloomberg-era initiative to lease unused NYCHA land to private developers, the 18-story building took over the parking lot of the 1960s Fulton Houses complex. The low- and middle-income availabilities range all the way from $702/month studios to $3,216/month two-bedrooms, and amenities include a laundry room, bike storage, and outdoor space on the roof and first floor.
Rendering via 425 West 18th Street
After a 2006 rezoning of West Chelsea, the city promised to build affordable housing in the area. 425 West 18th Street was one project to accomplish this goal, but it stalled during the recession. The foundation of the Gerner Kronick + Valcarcel (GKV Architects)-designed building was finally laid last summer, and now developer Artimus is looking for tenants earning 50, 100, 160, and 165 percent of the area median income. As part of the deal, Artimus also promised to renovate a playground and basketball court on the site.
Qualifying New Yorkers can apply for the affordable units at 425 West 18th Street until September 24, 2018. Complete details on how to apply are available here (pdf). Fifty percent of units are set aside for residents of Manhattan Community Board 4; 25 percent are set aside for NYCHA residents. Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.
Use 6sqft’s map below to find even more ongoing housing lotteries.
If you don’t qualify for the housing lotteries mentioned, visit CityRealty.com’s no-fee rentals page for other apartment deals in the city.
