Lottery opens for 45 affordable units across from the Empire State Building, from $867/month

October 2, 2017

Living amongst the hustle and bustle of the Empire State Building may not sound appealing at first, but when you can do it in a brand new, high-end tower for less than $900 a month, the option doesn’t look half bad. Starting tomorrow, New Yorkers earning 60 percent of the area median income can apply for 45 apartments at Midtown West‘s sleek new rental 42 West 33rd Street. Not only do prices range from $867/month studios to $1,123/month two-bedrooms, but the 41-story glass building offers a host of amenities including a fitness center, golf simulator, swimming pool and sauna, dog wash, and outdoor terraces and gardens (some of these may require an additional fee).

42 West 33rd Street from earlier this summer and early September, via CityRealty

In total, the 465-foot tower, designed by the Stephen B. Jacobs Group and developed by the Torkian Group, will offer 223 rental units. The building topped off in June; pricing has not yet been revealed for the market-rate units, but leasing is expected to begin this fall with construction wrapping up next spring.

The ground floor will hold 5,000 square feet of double-height retail space. On the third floor is a landscaped terrace, joining an indoor/outdoor terrace and lounge on the rooftop.

Qualifying New Yorkers can apply for the affordable apartments until December 4, 2017. Residents of Manhattan Community Board 5 will be given preference for 50 percent of the units. 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, or find future market-rate listings for 42 West 33rd Street here.

RELATED:

All renderings via Torkian Group/Stephen B. Jacobs Group; Construction shots via CityRealty

Interested in similar content?

More: Affordable Housing

Tags: 42 West 33rd Street

Location: Midtown West

Affordable, no-fee luxury rentals in Midtown West

By Devin Gannon

With its rooftop garden and courtyard, luxury residences, and prime Hell's Kitchen location, Gotham West ticks off all the boxes. What makes the four-building complex truly stand out against other amenity-rich developments, other than its proximity to both Hudson River Park and the culinary darlings of the neighborhood, is its affordable housing. When it opened in 2013, Gotham West was the largest affordable project by a private developer at the time, with about 55 percent of the units restricted by income. Today, applications are being accepted for its no-fee rentals, ranging from studios to three-bedrooms, which are designated for middle-income New Yorkers earning up to 135 percent and 165 percent of the area median income (AMI).
Learn more

April 30, 2019

City can open a homeless shelter on Billionaires’ Row, judge rules

By Devin Gannon

A judge on Monday approved the city's plan to open a homeless shelter near Manhattan's Billionaires' Row neighborhood. Manhattan Supreme Court Judge Alexander Tisch dismissed the lawsuit from the West 58th Street Coalition, a group of residents who claimed the shelter would have "an enormous impact on our densely populated, narrow, high-pedestrian-traffic street." The ruling comes more than a year after Mayor Bill de Blasio first announced plans to open a shelter for 140 single men at the converted Park Savoy hotel, located next to One57, a supertall with a penthouse that sold for $100 million in 2015.
Find out more