There are 47 units in a still incomplete Upper East Side luxury building that are going for below market-rate, as low as $607 a month. The Henley, Related's development at 205 East 92nd Street is an 80/20 project, which gives the developer tax incentive to set aside units for affordable housing, and now the lottery is open, according to DNAinfo.
There are 20 one-bedrooms for $607 or $769 and 27 two-bedrooms for $739 or $930. Fifty percent of them will grant preference to those already living within Community Board 8's boundaries, DNAinfo reported. Five percent will be for municipal employees, another five percent for those with mobility issues, and two percent for those with visual or hearing impairments.
The below market-rate units come with a washer and dryer and residents will be able to use the roof and 24-hour concierge, but will have to pay to use the fitness center, children's playroom, and other amenities. The market-rate units have yet to hit the market, but a Related spokesperson said move-ins should happen in the spring.
· $607 One-Bedroom Apartment Available in New Luxury Tower on 92nd St. [DNAinfo]
· All 205 East 92nd Street coverage [Curbed]
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