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540 West 53rd Street rendering via Clinton Housing Development Company 540 West 53rd Street rendering via Clinton Housing Development Company
Following a rezoning five years ago, a two-building complex took shape in Hell's Kitchen. Next door to the eye-catching 525W52, where market-rate apartments start at $3,695/month, an all-affordable building rose at 540 West 53rd Street. Prices range from $1,091/month for studios to $3,270/month for three-bedrooms. A lottery for New Yorkers earning between 80 and 165 percent of the area median income (AMI) launched in earlier this fall, and today is the last day to apply. Criteria are below, and complete details on the application process can be found here.

Lottery criteria via Housing Connect
Residents of 540 West 53rd Street will have access to an adjacent community garden and amenities that include two residential terraces, a fitness center, a card-operated laundry room, and a children's playroom and splash pad. DeWitt Clinton Park is half a block away, and the address is a short walk from the Theater District and Columbus Circle. For additional affordable housing lottery opportunities, please visit Housing Connect.

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Content Specialist Michelle Mazzarella Michelle is a contributing writer and editor for real estate news in New York City