As part of the rezoning that allowed the 2006 rezoning in West Chelsea to move, the city agreed to create more affordable apartments within the neighborhood. Making good on their promise, the New York City Housing Authority is constructing an 18-story building at 425 West 18th Street, where a parking lot once stood, reports City Realty.
The building has now launched the lottery for 159 of its affordable apartments. The apartments come in studios, one-, and two-bedroom variants and cater to individuals and families earning 50, 100, 160, and 165 percent of the area median income.
For the studios, rent prices range between $702 to $2,132 a month; one-bedrooms are priced from $753 to $2,674; and two-bedrooms rent for prices that fall between $910 and $3,216 per month. The development also plans to offer tenants a 4,560-square-foot community room, laundry room, a roof deck, and bike storage. The project also promises to rehabilitate the playground and basketball court at the nearby Fulton Houses.
The deadline to apply is September 24.
- 425 West 18th Street [Housing Connect]
- New Chelsea Affordable Housing Project Rises at 425 West 18th Street [City Realty]