April 15th 2024.
According to an article by New York Yimby, a new opportunity for affordable housing has recently become available in Bushwick, Brooklyn. The lottery for 60 Cedar Street, a new 18-story mixed-use building, has just launched. This development, led by Louis Handler of BTE and designed by S. Wieder Architects, will introduce a total of 145 residences to the area. It is a much-needed solution to the ongoing housing crisis in New York City.
For those interested, there are currently 42 units available on NYC Housing Connect. These units are intended for residents who earn up to 130% of the area median income. This means that eligible income ranges from $106,458 to $198,250. The monthly rents for these apartments range from $3,105 to $3,963, catering to a diverse range of income levels. This ensures that affordable housing remains accessible to those who need it most.
Not only is 60 Cedar Street providing affordable housing, but it also offers a variety of amenities to enhance residents' quality of life. These include shared laundry facilities, a gym, and an outdoor terrace with stunning views of the surrounding area. Every aspect of the building has been carefully crafted with the needs of the community in mind.
Each unit in the building comes equipped with modern conveniences such as dishwashers, air conditioning, and intercom systems. The kitchen appliances and finishes are of high quality, ensuring a comfortable living experience. However, it is important to note that tenants are responsible for their electricity usage, including heating and stove usage.
The available units at 60 Cedar Street cater to a range of income levels for those at 130% of the AMI. For example, there are ten studios available with monthly rents starting at $3,105. These are tailored for incomes ranging from $106,458 to $146,900. Additionally, there are 11 one-bedroom units with monthly rents starting at $3,317, suitable for incomes between $113,726 and $165,230. For those in need of a two-bedroom residence, there are 21 units available with monthly rents starting at $3,963. These units can accommodate incomes from $135,875 to $198,250.
If you are interested in applying for one of these affordable housing units, you must act quickly. Applications must be postmarked or submitted online by June 10, 2024. As with all affordable housing lotteries, eligibility is based on income and household size. This ensures that those who are most in need of affordable housing are given priority.
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