Affordable Housing Opportunity in Lenox Hill

Introduction to the Lottery

An affordable housing lottery has opened up at a brand-new residential building in Lenox Hill. Located at 1026 Third Avenue, this opportunity offers a range of units at prices that are significantly lower than the market rate, making it an attractive option for those looking for affordable housing in Manhattan.

Eligibility and Unit Pricing

The units are said to be affordable to households earning between 40 and 130 percent of the area median income. Of the 27 affordable units, 12 are studios ranging from $960 to $1,503; 11 are one-bedrooms ranging from $1,601 to $3,640; and four are two-bedrooms ranging from $1,901 to $4,347. Rent includes hot water, and tenants are responsible for electricity, including heat and an electric stove.

Unit Features

The building is pet-friendly, with one pet allowed per household and no pet fees. The units feature high-end, energy-efficient appliances, including in-unit washers, dryers and dishwashers, air conditioning, high-end countertops and finishes, hardwood floors, charging outlets with USB ports, high-speed internet and cable or satellite TV.

Photo via NYC Housing Connect

Building Amenities

Building amenities include access to an outdoor rooftop terrace, an on-site gym, a business center, a party room, a storage area, and a recycling center. The building also has an accessible entrance and access to an elevator.

Application Process

The lottery ends on May 16, 2025. To apply, visit the listing on New York City’s Housing Connect website. It is essential to review the eligibility criteria and application process carefully to ensure a smooth submission.

Conclusion

This affordable housing lottery in Lenox Hill presents a rare opportunity for individuals and families to secure housing in a desirable Manhattan neighborhood at a fraction of the market rate. With its modern amenities, pet-friendly policy, and accessible location, this development is an attractive option for those seeking affordable housing in New York City.

FAQs

• Q: What is the location of the affordable housing development?
  • A: The development is located at 1026 Third Avenue in Lenox Hill.
• Q: How many affordable units are available?
  • A: There are 27 affordable units available, including studios, one-bedrooms, and two-bedrooms.
• Q: What is the price range for the units?
  • A: Studios range from $960 to $1,503, one-bedrooms from $1,601 to $3,640, and two-bedrooms from $1,901 to $4,347.
• Q: Are pets allowed?
  • A: Yes, the building is pet-friendly, allowing one pet per household with no pet fees.
• Q: How can I apply for the affordable housing lottery?
  • A: Applications can be submitted through the New York City’s Housing Connect website.
• Q: What is the deadline for the lottery application?
  • A: The lottery ends on May 16, 2025.