The affordable housing lottery for 52 units at Glenwood Management's Lincoln Square building is now officially underway, 6sqft reports. The building features a total of 257 apartments. About 20 percent are affordable, and the rest are market rate.
The breakdown of the 52 affordable units is as follows: 5 studios, 30 one-bedrooms, and 17 two-bedrooms. Studios start at $566 per month, one-bedrooms at $608, and two-bedrooms from $737. An entire list of affordable units and their corresponding income bracket for eligibility can be found here.
Glenwood's website reveals that the building launching the affordable units lottery is known as The Encore. No floorplans or interior images are available on the site, but it does give you a big chunk of information on the interiors including the nine-foot ceilings and marble bathrooms. Amenities in the building, according to the website, include a public seating area with custom designed Tibetan rugs, and a 24-hour attended lobby.
The building is located within Fordham University's planned expansion at Lincoln Square. According to 6sqft, the university partly used the sale of this property to fund its expansion.
The market rate rentals are yet to go up on the market.
· Affordable Housing Lottery Launched for Lincoln Center Tower, Units Start at $566/Month [6sqft]
· Fordham's New Lincoln Square Tower Gets Render, Foundation [Curbed]
· Hawthorn Park Brings 339 Pads to Lincoln Square Perimeter [Curbed]