Friday, April 27, 2018

Affordable housing lottery underway at 79-89 Avenue D

The affordable housing lottery is now open for 79-89 Avenue D (aka 751 E. Sixth St.).

The 12-story retail-residential building via L+M Development Partners here between Seventh Street and Sixth Street features 28 permanently affordable units (out of 110 total).

The mixed-income units are available to those earning 40, 60 and 130 percent of the area median income. These units range from $596 a month for studios to $2,519 a month for two bedrooms.

Amenities here will include a fitness center, landscaped roof deck and an outdoor terrace.

The address was previously one-level storefronts that included a Rite Aid, which relocated one block north to the ground floor of the Arabella 101 building. Rite Aid signed a lease to return to the retail space at No. 79.

Residents who qualify for the housing have until June 26 to apply for one of the units. Find the details here.

The other units in the building have not yet hit the rental market.

H/T 6sft!

Previously on EV Grieve:
Report: Space that houses Rite Aid on Avenue D hits market for $22.5 million

Report: New 12-story, mixed-use building in the works for Avenue D

Permit pre-filed for new 12-floor building at 79-89 Avenue D


Anonymous said...

Nicely caught glint of sunlight!


Anonymous said...

How unaffordably affordable.

JQ LLC said...

affordable has become re-defined under this lying mayor as a disingenuous term, as are his definition of sexual harassment complaints as hyper complaint dynamics

Affordable housing as a city program itself is a big scam unattainable for any n.y. citizen on a low or even decent salary.

Anonymous said...

2270 for a one bedroom... rufkm

Anonymous said...

On all these 'affordable' housing lotteries, there is always a big gap missing for individuals making around $45k-$65k. Middle class, or these days, lower middle class. Of course, that's the group I'm in and I have yet to find a lottery where I qualify to enter. You either have to make nothing, or you make enough that you don't really need these units.