Extell's Lower East Side affordable housing rental launches from $947/month

Extell’s affordable housing building on the Lower East Side, right next to its One Manhattan Square condo, has now launched the lottery on its 204 affordable units. Extell had remained mostly tight-lipped about this development, but in April this year the developer finally offered up some details at a community board meeting.

Those details have all essentially remained the same now that the lottery is underway. The building features 49 studios, 51 one-bedrooms, and 104 two-bedroom apartments. Studios rent at $947 per month, and are open to people making between $34,355 and $40,080; one-bedrooms rent for $1,017 per month for people making between $36,823 and $45,840; and two-bedrooms rent at $1,230 for people making between $44,160 and $57,240, annually.

Residents here won’t have access to the plethora of amenities next door at One Manhattan Square, like the adult treehouse and tea garden, but they will get a landscaped terrace, a fitness center, and a residents lounge. They will however have access to the same underground parking as residents of One Manhattan Square. Plans for this building also called for a grocery store at the base of the rental building, but details for that have not yet been revealed, according to the Lo-Down, which first reported on the lottery launch.

Prospective residents have until January 2, 2018 to apply live at this Dattner Architects-designed building located at 229 Cherry Street. Residents of Manhattan Community Board 3 will get a preference on half of the building’s apartments.

• Housing Lottery Opens For Extell’s Affordable Tower at 229 Cherry St. [TLD]
• New details for Extell's Lower East Side affordable housing [Curbed]
• Extell's Lower East Side Tower Unveils Affordable Little Sister [Curbed]