As previously reported, this city-owned property, along with the one at 535 E. 12th St. between Avenue A and Avenue B, is designated for affordable housing.
The project is an income-restricted cooperative with units available to households earning no more than 80% AMI. No. 204 features 10 units (8-1BRs & 2-2BRs). There are 11 one-bedroom rental units at the 6-story No. 535.
No. 204 and 535, part of the NYC Department of Housing Preservation and Development's Tenant Interim Lease Program, have been vacant since 2008. "Due to deteriorating structural conditions," tenants from both buildings were relocated then.
Some more background: Both sites were city-owned since the mid-1970s and entered the Tenant Interim Lease program in 2001.
The former tenants of each building will be able to purchase the co-op units in the newly constructed building at No. 204, which will include ground-floor retail. (The lottery for No. 535 ended in August 2022; we have not heard anything about 204.)
Shakespeare Gordon Vlado Architects is the architect of record for the project, which has taken several years to complete.
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