Lottery Launches for 29 Affordable Units at Extell's 70 Charlton in West Soho, From $833/Month

Lottery Launches for 29 Affordable Units at Extell’s 70 Charlton in West Soho, From $833/Month

May 17, 2016

It’s not too often that affordable housing opportunities arise in prime downtown areas like West Soho, but starting tomorrow, 70 Charlton Street will begin accepting applications for 29 of its below-market-rate apartments. The Beyer Blinder Belle-designed building is of the luxury persuasion, developed by none other than Extell. In total there are 116 residences; 92 are high-end co-ops (currently priced between $1.6M and $7.1M) with interiors crafted by Workshop/APD in one building, and the rest affordable units situated in a connected building. According to the Housing Connect website, studios will start at $833/month, one-bedrooms will go for $895/month and two-bedrooms for $1,082/month.

70 Charlton was developed under the city’s Inclusionary Housing Program and 421-a Tax Incentive program which has required developer Extell to designate 20 percent of the units as affordable. As it stands, there seven studios, two one-bedrooms, and 20 two-bedrooms available to households of one to four people earning between $29,898 and $54,360 per year. Preference will be given to those currently living in Manhattan CB2.

Unlike Extell’s supertalls, the 21-story 70 Charlton forgoes glass in favor of a brick and black steel facade—clearly an architectural nod to the area’s industrial past. Amenities include a landscaped courtyard, outdoor sports court, residents’ lounge, children’s playroom, pool, gym and steam room. Other bonuses are a location close to the Hudson River Park, as well all the retail, dining and convenience that comes with living downtown.

The lottery officially opens tomorrow and applications will be taken until July 20, 2016. Apply here.

RELATED:

Find below our map of other ongoing housing lotteries:

Get Inspired by NYC.

More: Affordable Housing

Tags: 70 Charlton Street, Extell Development

Location: Hudson Square, Soho

Affordable senior housing project next to Google’s new NYC headquarters moves forward

By Aaron Ginsburg

An affordable senior housing development in the West Village is moving forward. Jonathan Rose Companies and Atlas Capital Group last week announced they closed on financing for 570 Washington Street, a new development with 175 units of housing for seniors earning 50 percent of the area median income or less. Located next to Google's new Hudson Square headquarters, 570 Washington is the affordable housing component of the two-tower project 80 Clarkson, which will include over 100 luxury condos.
find out more

December 16, 2021

NYC Council approves plan to rezone Soho and Noho, which will add 900 affordable units

By Devin Gannon

The New York City Council on Wednesday voted to approve the plan to rezone Soho and Noho, a major policy win for Mayor Bill de Blasio in his final days in office. The rezoning aims to bring about 3,000 new homes, with roughly 900 of them permanently affordable, to the Lower Manhattan neighborhoods, which are two of the wealthiest in the city.
Find out more

November 21, 2019

City’s Soho/Noho report addresses affordable housing, zoning, and small business success

By Michelle Cohen

The Department of City Planning (DCP), along with Manhattan Borough President Gale Brewer and Council Member Margaret Chin, released on Wednesday the Envision Soho/Noho report, a comprehensive summary of findings and recommendations that address issues and guide future plans for downtown Manhattan's Soho and Noho neighborhoods. The report represents the result of a six-month-long community engagement series on the two historic neighborhoods, aimed at addressing their unique challenges in the 21st century. Contained in the report is a detailed summary of the engagement process that presents the perspectives of participants, as well as recommendations for guiding future plans for improving quality of life, addressing housing concerns, and supporting the unique mixed-use character of these neighborhoods.
More from the report, this way

June 29, 2016

Lottery Opens for 41 Units at Related’s Hudson Square Rental, Starting at $788/Month

By Dana Schulz

If living right near the Holland Tunnel doesn't bother you, here are 41 low-income apartments on the border of Tribeca and Soho in a brand-new rental building from the Related Companies. 261 Hudson Street is in the up-and-coming Hudson Square neighborhood and was constructed as an 80-20 building through the city's Robert A.M. Stern Architects, it has 12 stories and 201 units total. The affordable apartments include $788/month studios, $847 one-bedrooms, and $1,025 two-bedrooms.
Find out if you qualify

January 2, 2018

The evolution of Hudson Square: From the Printing District to ‘affordable’ luxury

By Michelle Sinclair Colman

Hudson Square is undergoing another transformation. The neighborhood was once known as the Printing District because of the printing companies attracted to the large concrete and steel factory buildings located close to their Wall Street clients. In the 1970s and ‘80s, technology and design companies replaced the printing industry, attracted by the architecture, location, transportation options, and affordable rents. But the area is once again evolving. This time it's experiencing a boom of what developers and realtors call “affordable luxury" condominiums (in the $1 - $2 million range) due to the largest privately-initiated rezoning efforts in the history of New York City. Not only is the neighborhood growing in height and residences but a large fund has been set aside to increase the neighborhood's commercial mix, greenery, and traffic flow.
READ MORE