The CetraRuddy-designed tower that replaces a popular 50-year-old Midtown West diner at 572 Eleventh Avenue has launched the affordable housing lottery (PDF!) on 46 of its 165 rental apartments. The lottery allows applicants to apply for studios, one-, and two-bedroom across three income earning brackets and will be accepting applications until February 18, 2018.
For those earning 40 percent of the area median income (AMI), or between $22,903 and $38,160, there are eight studios priced at $596/month; eight one-bedrooms going for $642/month; and one two-bedroom renting for $748/month. Within the 60 percent AMI bracket, four studios priced at $930/month, 12 one-bedrooms going for $999/month, and four two-bedrooms for $1,213/month are up for grabs. And for those earning 130 percent of the AMI, which equates to incomes between $74,400 and $$125,020, there are three studios priced at $2,098; four one-bedrooms each going for $2,251/month; and a pair of two-bedrooms that each go for $2,715/month.
Amenities within the Moinian Group-developed building include a 24-hour attended lobby, fitness center, landscaped deck, bike storage, an interior courtyard, and a business center. Manhattan Community Board 4 residents get 50 percent unit preference while five percent of units have been set aside for mobility-disabled applicants and another two percent are reserved for vision or hearing-disabled applicants.
- 572 Eleventh Avenue [Housing Connect]
- First look at CetraRuddy's diner-replacing midtown apartment building [Curbed]