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A blog from CityRealty (Links below will take you to the 6sqft site)

Rental Building News and Offers

Gotham Point (via Gotham Organization and Handel Architects) Gotham Point (via Gotham Organization and Handel Architects)
Updated 1/12/2022 with new lotteries in East Harlem, Williamsburg, Bushwick, Prospect Heights, Astoria, Jamaica, and Fordham.

In Mayor Bill de Blasio’s “tale of two cities” speech, he cited housing and homelessness as examples of the stark inequality in New York City. As his tenure as mayor draws to a close, The New York Times observes that "a tale of two shelter systems" emerged: While the number of families in homeless shelters has fallen about 30 percent since December 2013, the single adult shelter population has spiked by over 60 percent in the same time frame. He has also faced criticism for his approach to the homeless shelter system and handling of NYCHA housing, namely the failure to test for lead paint.

A shortage of “deeply affordable” permanent housing is part of the inequality problem, but Mr. de Blasio made this a key part of his strategy to reduce homelessness. His administration has reportedly preserved or started building more than 200,000 affordable units, and rezonings in East Harlem, Gowanus, East New York, a stretch of Jerome Avenue in the Bronx, and most recently Soho will allow for the construction of more affordable units throughout the city.

In the meantime, there is a large number of programs throughout the city and state to put housing closer within reach. This is good news for people seeking affordable housing, but each has its own rules and restrictions to navigate. This article focuses on New York City and New York State programs designed to assist renters.
New York-CIyt-housing-3 City initiatives to boost and preserve NYC's affordable housing



• NYC Housing Connect Lotteries

If you’re interested in an affordable housing unit, the first thing to do is visit the NYC Housing Connect website and find out if you qualify and more specifically, find out if you qualify for any current housing lotteries (different lotteries may have different types of units available). Next, apply on the NYC Housing Connect website by opening an account. Then you just have to wait and see if your number is called. If it is, you’ll then be asked to compile hundreds of pages of paperwork,and undergo an interview. If the paperwork is too daunting, reach out to an NYC Housing Ambassador or contact a Ready to Rent Office in your borough. If your paperwork and interview check out, you may still find yourself waiting and you may never even be granted a unit. This is because NYC housing lotteries select more applicants than there are available units. While this may sound unfair, there are two reasons this is generally done: First, many people are disqualified once they submit their paperwork, and second, the process is so onerous, many New Yorkers drop out of the process before ever gaining access to a unit.

The benefits of entering a housing lottery are fairly obvious—if you “win," you’ll end up with an affordable or reasonably affordable rent stabilized apartment in New York City. Also, many of the available units are highly desirable. Housing lottery units are often housed in swank new mixed-income buildings with appealing amenities from state-of-the-art gyms to roof-top decks to game rooms. The downside of the housing lottery system is that much is left up to chance, the paperwork is onerous, and if you’re in the top 25% percent of eligible applicants, you may still end up paying close to market rent for your unit.

More information and a list of past lotteries can be found here.
NYC-affordable-housing-04
If you have any questions related to the following lotteries, please direct them to Housing Connect. CityRealty is not affiliated with affordable housing lotteries and cannot offer assistance in this regard.

336-Himrod-Street-01
This building has received a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development. Amenities include virtual doorman, central laundry room, outdoor areas, rooftop terrace, bike storage lockers, and covered parking.
336-Himrod-Street-02

130-24-Liberty-Avenue-01
Welcome to 130-24 Liberty Avenue Apartment. Available units 1 unit one-bedroom unit and 2 two-bedroom units. This building is anticipated to receive a Tax Exemption through the 421a Tax incentive program of the New York City Department of Housing Preservation and Development.
130-24-Liberty-Avenue-02

27-14-39th-Avenue-01
This building is anticipated to receive a Tax Exemption through the 421a Tax incentive program of the New York City Department of Housing Preservation and Development. Amenities include washer and dryers in units, high-end kitchen appliances, high-end countertops and finishes, energy-efficient appliances, air-conditioning, patio or balcony, hardwood floors, rooftop terrace, security cameras, and elevator.
27-14-39th-Avenue-02

101-West-End-Avenue-01
This building is anticipated to receive an extended benefit through the 421a (17) Tax Exemption Program of the New York City Department of Housing Preservation and Development. Staff and amenities include concierge, on-site resident manager, fitness center, children's playroom, and roof terrace.
101-West-End-Avenue-02

3531-Bruckner-Boulevard-01
This building is anticipated to receive a tax exemption through the 421-a Tax Incentive Program of the NYC Department of Housing Preservation and Development. It has a recreation room, bike room, and parking spaces at an additional cost.
3531-Bruckner-Boulevard-02

1153-Broadway-01
Welcome to 1153 Broadway Apartments. This brand-new construction features 2 affordable one-bedroom units, as well as 3 gorgeous two-bedroom unit. Amenities include central air conditioning, intercom, gym, central laundry room, and bike room. This building is anticipated to receive a Tax Exemption through the 421a Tax incentive program of the New York City Department of Housing Preservation and Development.
1153-Broadway-02

89-28 138th Place, Jamaica
89-28-138th-Place-01
This building is anticipated to receive a Tax Exemption through the 421a Tax incentive program of the New York City Department of Housing Preservation and Development. Amenities include virtual doorman, intercom, central air conditioning, patios/balconies, and assigned parking spaces.
89-28-138th-Place-02

32-72-41st-Street-01
This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development. Amenities include virtual doorman service, gym, laundry room, package lockers, and covered parking.
32-72-41st-Street-02

10-Montieth-Street-01
10 Monteith puts Bushwick on the map with a luxurious, resort-style building. Occupying a full square block, the apartments were designed to maximize living space and provide the latest in comfort, design and technology. Large windows and open interiors allow for bright and cheerful layouts. With more than 70,000 square feet of outdoor space, 41 unique amenities, and a concierge service to handle all your needs, 10 Montieth was designed having YOU in mind! This building is being constructed through the Inclusionary Housing Program and is anticipated to receive a Tax Exception through the 421a Tax Incentive Program through the New York City Department of Housing Preservation and Development.
10-Montieth-Street-02

524-Ocean-View-Avenue-01
This beautiful boutique rental building in Brighton Beach with high-end amenities. The Crown amenities include garages, bike storage lockers, washers and dryers in the unit, dishwasher in unit, high-end kitchen appliances, high-end countertops and finishes, air conditioning, balconies, high-speed internet, close to schools, recreation room, gated access, elevator and an accessible entrance! This building is anticipated to receive a Tax Exemption through the 421a Tax incentive program of the New York City Department of Housing Preservation and Development.
524-Ocean-View-Avenue-02

147-25-94th-Avenue-01
Alvista Rise is located in the Jamaica neighborhood of Queens in Community Board 12 and consists of 543 units, of which 353 are being marketed through the housing lottery. The amenities are numerous in this project and include a 24-hour attended lobby, on-site resident manager, fifth-floor recreational terrace, roof lounge, fitness center, yoga room, kids center, art room, music room, bicycle storage, laundry room, lounge area, and on-site parking. These newly constructed, spacious apartments are equipped with large windows, PTAC heating/cooling units, in-unit dishwashers, energy efficient appliances and light fixtures, thoughtfully selected hardware throughout, and multiple options for cable/Internet access.
147-25-94th-Avenue-02

3508 Tryon Avenue, Norwood
3508-Tryon-Avenue-01
3508 Tryon Avenue Apartments is the ideal location for a calm, pleasant, yet entertaining dwelling. Units are available in one and two bedroom configurations with high end kitchen appliances and high end countertops and finishes. Amenities include elevator, storage, package lockers, and assigned parking spaces. This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive program of the New York City Department of Housing Preservation and Development.
3508-Tryon-Avenue-02

825-Dekalb-Avenue-01
An elevator building with elegant windows, this building houses multiple apartments with spacious room layouts and a minimalist sleek design. We can boast about all of the appliances and balconies that look down toward the quaint neighborhood streets, but really – it comes down to the luxury finishes and natural light that pours into each room. Amenities include bike storage lockers, gymnasium, accessible entrance, rooftop terrace, package lockers, air conditioning, laundry room, security camera, recycling center on every floor and the fact that it is pet friendly and smoke free proves that this was created having YOU in mind. This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development.
825-Dekalb-Avenue-02

10-47-Beach-21st-Street-01
Beach 21st Street is a new mixed-use construction project developed by The Community Builders (TCB). The 10-story building encompasses 226,000 SF and provides much needed affordable housing, community facility and retail space as part of the revitalization of downtown Far Rockaway, Queens Community Board 14 area. This building is being constructed through the Mix & Match Program of the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation and Development (HPD) and the Mandatory Inclusionary Housing (MIH) Program of HPD.
10-47-Beach-21st-Street-02

980-Westchester-Avenue-01
This building is being constructed through the Extremely Low and Low-Income Affordability (ELLA) program of both the New York Housing Development Corporation (HDC) and the New York City Department of Housing and Preservation and Development (HPD). Amenities include on-site superintendent services, card-operated laundry room, community room, bike room, and outdoor terrace.
980-Westchester-Avenue-02

3512-3514-Farragut-Road-01
This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive program of the New York City Department of Housing Preservation and Development. Amenities include central air conditioning, patios/balconies, intercoms, and rooftop terrace.
3512-3514-Farragut-Road-02

2026 Walton Avenue, Bronx
2026-Walton-Avenue-01
This building is anticipated to receive a Tax Exemption the 421a Tax Incentive program of the New York City Department of Hosing Preservation and Development. Amenities include intercom and central laundry room.
2026-Walton-Avenue-02

1362 Arnow Avenue, Pelham Gardens
1362-Arnow-Avenue-01
1362 Arnow is a Brand new constructed building in the area of Pelham Gardens in the Bronx. Units boast high end appliances, open windows and air conditioning. The building has a central laundry room. This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development.
1362-Arnow-Avenue-02

2779-University-Avenue-01
This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development. Amenities include bike storage lockers, in-unit washers and dryers, and a gymnasium.
2779-University-Avenue-02

33-Little-Nassau-Street-01
The Rose Castle Project is located in the prime of Williamsburg. It is uniquely situated on a peaceful, private corner. There are various size apartments, each with maximized space and modern design. Every Rose Castle unit is spacious and welcoming. Choose a home designed with you in mind! The building is pet-friendly, and amenities include elevator, laundry room, gym, bike room, and electric car charging stations. This building is being constructed through the Inclusionary Housing Program and is anticipated to receive a Tax Exception through the 421a Tax Incentive Program through the New York City Department of Housing Preservation and Development.
33-Little-Nassau-Street-02

30-Kent-Street-01
Gain early access to rent stabilized apartments in the heart of Greenpoint. With multiple outdoor spaces to enjoy and easy access to the G train and East River ferry, this is your first-class ticket to everything NYC has to offer. Residences at 30 Kent Street are designed to be refreshingly modern yet adaptable to your individual style. Live in a multi-faceted building where you get more space, better views, and amenities for every hour of your day. This building is being constructed through the Inclusionary Housing Program and is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program through the New York City Department of Housing Preservation and Development.
30-Kent-Street-02

1720 Village Lane, 1725 Village Lane, and 1701 Village Lane
550 units from $388/month | Deadline February 21, 2022

1720-Village-Lane-01
Rockaway Village Apartments is a brand new, smoke-free, affordable housing development that features many amenities throughout several modern elevator apartment towers. The development’s 692 lottery units are spread out over three buildings, each include dishwashers, stainless steel appliances and air conditioning, and have access to children’s playroom, laundry facilities, and a large, beautifully landscaped plaza. Ultimately there will be 1,693 units in the complex. A large, modern supermarket is on the site. Cross the street from Rockaway Village Apartments and hop on the A train or the nearby LIRR station! This development is being constructed through the Mix and Match and the Extremely Low & Low-Income Affordability (ELLA) Programs of the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation and Development (HPD) and the Mandatory Inclusionary Housing (MIH) program of HPD.
1720-Village-Lane-02

720-Tiffany-Street-01
Peninsula 1B is the first of four mixed-use residential buildings brining more than 700 affordable apartments to the Hunts Point Peninsula. The complex of residential units will be enhanced by several community facilities including a black-box theater, art studio space for emerging artists, expansion of The Point CDC’s services and programs, an additional location for Urban Health Plan and a green grocer. The residential and community programs are connected by a 54,000-square-foot plaza that is open to Hunts Point community. This building is being constructed through the Extremely Low & Low-Income Affordability (ELLA) Program of the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation and Development (HPD) and the Mandatory Inclusionary Housing (MIH) Program of HPD.
720-Tiffany-Street-02

1619-Madison-Avenue-01
Sendero Verde Phase I is a newly constructed 324-unit residential project located in the East Harlem section of Manhattan, NY (Community Board 11). All units in the project will be subject to Rent stabilization. Project amenities include an outdoor terrace, fitness center, community room, computer room, bicycle storage, package lockers, free secure in-unit access to broadband internet, and on-site laundry. This building is being constructed through the Extremely Low & Low-Income Affordability (ELLA) program of the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation and Development (HPD) and the Mandatory Inclusionary Housing (MIH) Program of HPD.
1619-Madison-Avenue-02

266-Kent-Avenue-01 Image via Two Trees
The affordable housing program for 266 Kent Apartments at One South First is a spectacular opportunity to live in one of New York City’s most desirable residences – at below market rents. 89 brand new apartments are being offered in partnership with the NYC Department of Housing Preservation and Development. Winners will be selected through a lottery for low income and middle income housing at 266 Kent.
266-Kent-Avenue-02

18-Sixth-Avenue-01
Brooklyn Crossing will offer interior and exterior amenities including 24-hour concierge, doorman, recreation Sky Lounge/den, children’s playroom, gymnasium/fitness center, business center workspace, office suites, library lounge, media/screening room, rooftop pool (additional fees apply.) All apartments will have in-unit washer/dryer. This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive program of the New York City Department of Housing Preservation and Development.
18-Sixth-Avenue-02

4697-Third-Avenue-01
This building is being financed through the New Construction Program (NCP) of the New York City Department of Housing Preservation and Development (HPD) and a New York State Housing Trust Fund loan through New York State Homes and Community Renewal (HCR). Building features include, but are not limited to, an on-site superintendent, elevator, a residential terrace, gym, bicycle storage room, and on-site laundry. With restaurants, shopping, parks, and playgrounds within walking distance, Cyrus Place Apartments offers everything you need for modern city living.
4697-Third-Avenue-02

196-Willoughby-Street-01
196 Willoughby is an upcoming rental building in Fort Greene, Brooklyn. 143 residential units. The rental building will offer interior and exterior amenities, including a fitness center (gymnasium), business and lounge areas, exterior cooking and seating, dog spa, and an exterior dog run. *Amenities subject to additional fees. All units will have washer/ dryer, Walnut oak flooring, dishwasher and Ceasarstone countertops. This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development.
196-Willoughby-Street-02

27-29-Queens-Plaza-North-01 Sven via The Durst Organization / Handel Architects
When Sven was still on the drawing boards, it was announced that nearly 300 of the 957 units inside would be designated affordable. More recently, it has been confirmed that individuals and households earning $68,229 - $183,300 are eligible to apply for rent-stabilized units in the building starting at $1,990 for studios, $2,132 for one-beds, $2,560 for two-beds, and $3,843 for three-beds. Apartments will feature light oak hardwood floors, vented kitchens, spa-inspired baths, individually-controlled heating and air conditioning, and Energy Star appliances, including washer/dryer. Building amenities are set to include an attended lobby, a fitness center with separate workout studios, a lounge, a library with co-working areas, a children's playroom, a parking garage, a bike room, and an outdoor pool with deck and green wall.
27-29-Queens-Plaza-North-02

Rise LIC, Long Island City
29-17-40th-Avenue-01
The Rise LIC is a newly constructed apartment building at 29-17 40th Avenue in Queens. Amenities include intercoms, in-unit washer/dryers, concierge, elevator, pet spa, central laundry room, package lockers, gym, lounge, green space, and rooftop terrace. This building is being constructed through the Inclusionary Housing Program and is anticipated to receive a Tax Exemption through the 421a Tax Incentive program of the New York City Department of Housing Preservation and Development.
29-17-40th-Avenue-02

The lotteries run through Housing Connect are perhaps the city's best-known resource for affordable housing, and it shows: An article in The New York Times noted that the odds of securing an affordable apartment through a housing lottery are one in 592. This is daunting, but it is also not the only option in town. There are several programs to help renters on low and fixed incomes, not to mention other options for middle-income New Yorkers who might need help finding adequate housing.

• NYCHA Developments

Income restrictions are generally lower than they are for affordable housing programs, but they do include a wide range of New Yorkers (e.g., a family of four can have a household income up to $83,450). There are also a few other requirements to apply for a NYCHA unit. First, you must meet NYCHA’s definition of family, which is either a single person or “Two or more persons related by blood, marriage, domestic partnership, adoption, guardianship, or court awarded custody.” In addition, your admission to a public housing development cannot endanger the welfare and safety of other residents. Finally, you and your co-applicant (spouse or domestic partner, if any) must be at least 18 years of age or an emancipated minor. To apply, visit the NYCHA website.
NYCHA (New York City Housing Authority) aims to provide “decent and affordable housing in a safe and secure living environment for low- and moderate-income residents throughout the five boroughs.” NYCHA also happens to be the largest public housing program in the United States. Since its inception, the program has created more than developments across the city’s five boroughs. In fact, NYCHA units currently represent 8% of the city’s rental apartments. To find out where NYCHA buildings are located, consult the city’s downloadable map or interactive map. Notably, NYCHA has different types of units for different demographics (e.g., some NYCHA buildings are for seniors exclusively).
So, what do you get if you qualify for a NYCHA unit? The average NYCHA unit rents for $522 per month, making it the most affordable way for families to live in New York City. However, many NYCHA developments are also in disrepair and in some cases, the buildings have even been deemed dangerous. In July 2018, reports surfaced that when tested, 820 children under six living in NYCHA units had elevated levels of lead in their blood. While the city currently has expressed many good intentions about repairing NYCHA buildings, but there is a lot of work to be done and deep federal cuts to NYCHA’s capital budget aren’t helping matters.
via nyc.gov
Smith-Houses-04 A vision of new infill development at the Smith House in lower Manhattan

• Section 8

NYCHA not only oversees a large part of New York City’s rental housing but also administers the Section 8 program. There are currently approximately 90,000 Section 8 homes in New York City and over 29,000 owners participate in the program.

Section 8 is a voucher program that offers assistance to eligible low- and moderate-income families (income restrictions can be found here) who are struggling to pay rent on the private market. For example, if you’re a family of four living on up to $52,150, you are eligible for Section 8 assistance. But qualifying for Section 8 doesn’t mean that you won’t pay any rent at all. The program is simply designed to ensure families don’t pay more than 40% of their adjusted monthly income toward their rent. NYCHA pitches in the remaining amount on the family’s behalf and owners receive what is known as a Housing Assistance Payment directly for the authority. You can learn more about Section 8 and apply on the NYCHA website.
(CityRealty)

• Mitchell-Lama Rentals

Mitchell-Lama is a housing program for both renters and buyers in New York State. Currently, to qualify for a Mitchell-Lama rental unit, depending on your family size, the income cut-offs range from $53,450 to $100,750. While rentals do become available in Mitchell-Lama buildings from time to time, the waitlists tend to be long. You can find a list of open Mitchell-Lama waitlists and check the status of current waitlists online.

If you do acquire a Mitchell-Lama rental, the rewards can be great. Most Mitchell-Lama units rent for $1000 to $2000 per month and this includes units large enough to house an entire family. However, simply getting a Mitchell-Lama takes many tenants years and even more than a decade.
Averne-View-03 Arverne View, a Mitchell-Lama development in Far Rockaway that was damaged by Superstorm Sandy

• Senior Citizens Rent Increase Exemption (SCRIE)

Currently, seniors are among the city’s most vulnerable residents. Indeed, over the coming years, the population of elderly New Yorkers is expected to increase dramatically. One program designed to directly assist the city’s elders is the Senior Citizens Rent Increase Exemption (SCRIE) Program. This program ensures that income-eligible people over 62 years of age who live in rent controlled or rent stabilized apartments are exempt from future rental increases.

Affordable Housing Programs for the Middle Class

In most cities, middle-class households don’t actually need assistance to rent a home. In fact, in most cities, middle-class families are more likely to own than rent. But New York City is an exception to the rule. Many middle-class families, including those making above $100,000 per year, struggle to find adequate housing. To help out, the city has recently ramped up its affordable housing program. These units are distributed through housing lotteries. While income restrictions still do apply, in the case of affordable housing, households can make up to $182,655 annually and still qualify. Another longstanding form of relief for renters is rent stabilization, which applies to approximately one million apartments in the city (find more information below).
Pacific Park's middle income affordable building, 535 Carlton (https://535carlton.com)
Income bands at 535 Carlton Avenue

• Rent Stabilization

Although New York has lost much of its rent stabilized apartment stock in recent years, these units do still exist, especially outside Manhattan. First and foremost, unlike other affordable housing programs, you don’t have to meet any special income requirements to rent a rent stabilized unit. If you work on Wall Street but don’t want to spend all your money on rent, you too can benefit from this program. How cheap are these units? While most rent stabilized units aren’t dirt cheap, they are priced well under market value because owners are not permitted to raise rents on such units above allowable annual thresholds (usually 1.5% to 2.5%). While some listings indicate that the unit is rent stabilized, the best rent stabilized units are often passed along via word of mouth or acquired by simply calling an owner directly to ask about availabilities. You can search for rent stabilized units on NYC Rent Guidelines Board website. If you think your current unit is rent stabilized but not being treated as a rent stabilized unit, you can also consult the city’s guidelines online.
Rent-Stabilized-Apartments-03 Published in May 2018 by the NYC Rent Guidelines Board
Navigating New York’s available programs for renters may not be easy, but many of these programs do offer considerable relief to renters. In addition, given the current administration’s stated commitment to building more affordable housing for New Yorkers, there is hope that moving forward, new programs targeting people living on low, fixed and middle incomes will be established.

Additional Info About the Building