Applications are now being accepted for 277 brand-new apartments in the tallest building on the Grand Concourse via New York City’s Housing Connect affordable housing lottery website.
Located at 425 Grand Concourse, at the site of the tragically demolished landmarked PS 31 aka ‘Castle on the Concourse’, the 26-story building is also currently the largest Passive House in North America which means that not only does the building have superior energy efficiency throughout but also has a greatly reduced carbon footprint when compared to similar buildings of its size, thus lessening its impact on the environment.
The $175 million development has studios, 1, 2, and 3 bedroom units for households making anywhere from 30 to 130% of the Area Median Income making it a very mixed-income project.
On the lower range of household income requirements, you can expect to find studios as low as $362 a month, $465 a month for 1 bedroom apartments, $569 for 2 bedrooms, and $650 for 3 bedroom apartments.
Unit breakdown and rents per category are as follows:
30%
- $362 a month for studios for households making $15,360-$25,080 (5 units)
- $465 a month for 1 bedroom units for households making $19,360-$32,220 (9 units)
- $569 a month for 2 bedroom units for households making $23,966-$38,670 (9 units)
- $650 a month for 3 bedroom units for households making $27,840-$44,400 (5 units)
40%
- $522 a month for studios for households making $20,846-$38,200 (9 units)
- $665 a month for 1 bedroom units for households making $26,160-$42,960 (18 units)
- $809 a month for 2 bedroom units for households making $32,195-$51,560 (19 units)
- $927 a month for 3 bedroom units for households making $37,338-$59,200 (9 units)
70%
- $1,003 a month for studios for households making $37,338-$66,850 (9 units)
- $1,265 a month for 1 bedroom units for households making $46,732-$75,180 (18 units)
- $1,530 a month for 2 bedroom units for households making $56,915-$90,230 (20 units)
- $1,760 a month for 3 bedroom units for households making $65,898-$103,600 (8 units)
100%
- $1,212 a month for studios for households making $44,503-$95,500 (6 units)
- $1,526 a month for 1 bedroom units for households making $55,680-$107,400 (14 units)
- $1,843 a month for 2 bedroom units for households making $67,646-$128,900 (13 units)
- $2,121 a month for 3 bedroom units for households making $78,275-$148,000 (8 units)
130%
- $1,532 a month for studios for households making $55,475-$124,150 (12 units)
- $1,926 a month for 1 bedroom units for households making $69,395-$139,620 (23 units)
- $2,323 a month for 2 bedroom units for households making $84,103-$167,570 (23 units)
- $2,675 a month for 3 bedroom units for households making $97,303-$192,400 (11 units)
Please note, for each unit, there are other requirements such as number of people per household and further income requirements based on household size.
The deadline to apply is April 11, 2022.
Please click on this ink to apply https://housingconnect.nyc.gov/PublicWeb/details/2684
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