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Ave. D's Alphabet Plaza Opens Lottery For 30 Affordable Units

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The new 12-story building at Avenue D and East Houston Street is nearly complete, and we know the 125-unit building's amenities include a doorman, gym, rooftop terrace, bike storage, and a tenant recreation room, plus a washer/dryer and "built-in bluetooth speakers" in every home. Now all Alphabet Plaza needs is some people to live in it, so the city's Housing Partnership site just opened a lottery for 30 affordable apartments (h/t Lo-Down) that were built by the city's inclusionary housng program.

The six studios available will rent for $847/month, 18 one-beds for $909, five two-beds for $1,101, and one three-bed for $1,263. Of course, applicants have to make under the income caps, and preference is given to those who live in the community, are municipal employees, or are disabled. The lottery closes on February 18.

Market-rate rents will reportedly range from $2,500 to $3,600 a month. They're likely to come to market soon, with model units expected early this year. Developed by Kahen Properties, the building is designed by Avinash K. Malhotra Architects (best known for Sandy-damaged 2 Gold).
· Alphabet Plaza [Housing Partnership]
· Lottery Opens For 30 Apartments in Alphabet Plaza Project [Lo-Down]
· East Village Newbie Alphabet Plaza Reveals Exterior, Amenities [Curbed]
· All Alphabet Plaza coverage [Curbed]

Alphabet Plaza

5 Avenue D, New York, NY