New York City — Exciting news for Bronx residents! The housing lottery is now open for 47 rent-stabilized apartments in a brand-new development located in the Concourse Village section of the Bronx, just half a mile from Yankee Stadium. If you’re a New Yorker earning between $62,983 and $198,250, depending on your household size, you’re eligible to apply. Let’s dive into the details:
The Building and Amenities
The 13-story building at 299 East 161st Street offers a range of amenities, including:
- Laundry room
- Gym
- Parking
- Electric car charging stations
- Business center
Apartment Options
The available apartments include studios, one-bedroom, and two-bedroom units. Here’s a breakdown:
- Studios: Rents start at $1,718 per month.
- One-Bedrooms: There are 14 one-bedroom apartments available for households earning between $67,475 and $101,680. The rent for these units is $1,829.
- Two-Bedrooms: The building also offers two-bedroom apartments with rents starting at $1,829.
Community Preference and Application Details
The developers have set aside 50 percent of the rent-stabilized apartments for applicants who already live in the area. Additionally:
- 5 percent of the apartments will be preferentially given to NYC employees.
- A small percentage of the apartments are set aside for residents with mobility, vision, and hearing needs.
Applications must be submitted online or postmarked no later than May 28th. If you’re interested, create a profile and apply via NYC Housing Connect. Remember, winning a rent-stabilized apartment can provide long-term stability, as rent increases are capped, and lease renewals are automatic.
