Middle-income housing lottery in East Harlem provides little financial relief
View of 111 East 115th Street wrapping up construction in August, via CityRealty
In most cases, the city’s affordable housing lotteries provide an opportunity to live in market rate-level apartments for a lower price. But at the new East Harlem rental building at 111 East 115th Street, the middle-income units provide minimal financial relief, and in some cases are even more expensive than the market-rate units. The general listings include $2,025/month studios, $2,300 one-bedrooms, and $3,100 two-bedrooms, while the “affordable” offerings for those earning 130 percent of the area median income start at $2,099/month studios and go up to $2,253 one-bedrooms and $2,716 two-bedrooms.
As CityRealty reported when the eight-story, 32-unit building wrapped up construction this past fall, HTO Architects were responsible for the modern design. Amenities include in-unit washer/dryers, tenant and bike storage, a second-floor outdoor terrace, and a fitness room. There will also be ground-floor space for a to-be-determined non-profit.
Qualifying New Yorkers can apply for the affordable apartments at 111 East 115th Street until January 30, 2018. Complete details on how to apply are available here (pdf). 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. And view market-rate listings for 111 East 115th Street here.
