On a tiny plot of land, right next to the Manhattan-side exit on the Queensboro Bridge, an eight-story, fully-affordable building is now offering up its rentals from $1,254 per month. Prospective tenants can apply through NYC Housing Connect [PDF!] for the building’s 20 apartments, that come in one and two-bedroom variants.
There are a total of six one-bedrooms renting at the above-mentioned $1,254 per month, and they’re open to individuals making between $44,949-$50,800, and for a two-person household earning between $44,949-$58,000 annually.
The rest of the apartments here are two-bedrooms and are being offered to families of two, three, and four people for incomes that range from $53,795-$72,480. The two-bedrooms can be rented for $1,511 per month.
The odd-shaped parcel of land on which this affordable development is being built has somewhat of an interesting story. Back in the summer of 2014, investment firm Minuit Partners got an approval from the city’s Board of Standards and Appeals to build a residential structure on the site that was previously zoned for commercial and a community facility.
However having received the approval, Minuit promptly decided to put the property on the market, and in July 2015, it was scooped up by Azimuth Development Group for $12 million, property records reveal.
Azimuth is known for building both affordable and market-rate projects in the city, and at this Queensboro Bridge-adjacent site, located at 321 East 60th Street, the developer decided to use the city’s Inclusionary Housing Program, to go fully affordable. A frequent collaborator, Aufgang Architects, was brought on to design the rental.
Once complete, residents here will also have access to an on-site laundry facility and parking. Prospective tenants have until June 16, 2017 to apply.
- Permits Filed: 321 East 60th Street, Upper East Side [YIMBY]
- Coming Attractions [Curbed]