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Lottery for Affordable Units by the Astoria Waterfront Begins, Rent Starts at $2,250

Rendering provided by the NYC Department of Housing Preservation and Development

March 21, 2022 By Czarinna Andres

Thirty-six units in a luxury building by the Astoria waterfront are up for grabs as part of an affordable housing lottery.

The lottery opened last week and applicants who want to live at the 11-37 31st Ave. development— known as Astoria West—have until May 19 to apply.

The units are not for low-income earners. To qualify, applicants must earn 130 percent of the Area Median Income—or $77,000 for an individual through to $167,600 for a family of five—to be eligible for a unit.

The rents range from $2,250 per month for one bedrooms to $2,950 a month for two bedrooms.

Eligibility requirement, according to the NYC Department of Housing Preservation and Development

The units are part of the Astoria West development, a 522,000 square foot development spread across three buildings that has 534 rental units. The property has views of the Manhattan skyline and the Hell Gate Bridge and is on 2.5 acres of waterfront property.

The development is a short walk to the ferry and is near Socrates Sculpture Park and the Noguchi Museum.

The development, a joint venture between Cape Advisors and Wainbridge Capital, features 40,000 square feet of amenities, including a rooftop pool club, lounge area and a deck with panoramic views. The development features a landscaped courtyard, fitness center, yoga and dance studio, and co-working communal spaces.

Astoria West is denotated by the letter “A”. Map provided by the NYC Department of Housing Preservation and Development

Each apartment has been designed to take advantage of natural light, with the living rooms and bedrooms featuring 9-foot ceiling heights. The units also have wide plank style floors, central heating and cooling, and an in-home washer and dryer.

The developers will be offering lottery winners a number of incentives to move in, including two months free on a two-year lease or one month free on a one-year lease. Furthermore, residents who sign a two year lease will be reimbursed up to $1,000 in moving expenses.

This will not be the only lottery for units in this development, according to reports. There will be other  “affordable” units on offer. The developers are anticipated to receive a Tax Exemption through the 421a Tax Incentive program for offering the “affordable” units.

Rendering provided by the NYC Department of Housing Preservation and Development

Rendering provided by the NYC Department of Housing Preservation and Development

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24 Comments

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Anonymous

I AM GEORGE GODFRIED DISABILITY CITIZEN ON VERY VERY LOW INCOME, SHOULD PAID AROUND $700-$1000, PLEASE PUSH ME IN,LET ME KNOW, CONTACT ME ON THE TELEPHONE IN IMMEDIATELY MOVE

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lisa

1. Not only are the “Affordable” apartments Not Affordable, but per the tax break deal, they will eventually go to market.
2. These apartments will end up going to young suburban transplants whose salaries are “low” and thus qualify – but who can get financial support from parents.
3. This is a good example of the result of deBlasio’s and the City Council’s rezoning for Fake Affordable housing – what is to come with SoHo/Chinatown rezoning and other areas.

Reply
Lol affordable

Lol affordable housing brought to you by the same socialist clowns who rage on about “income equality” but yet they incentivize this behavior through tax cuts for the rich.

Reply
Suze

Hahah. That’s not affordable and anyone who is making that much money doesn’t need affordable housing.

Reply
Charles

When wages go up landlords use it as an excuse to raise rents proportionally putting us right back to where we were.
We need to mandate that rental units of 300 square feet or less cannot rent for more that 40 hours net at minimum wage this will enable everybody to afford a place to live.
A cap of +25% should allow for people to transition to market rate housing.
Each year the landlord may request a W2 to verify eligibility.
This would also benefit fixed income retirees and the disabled.
Further making it mandatory that future construction of apartment buildings must each have a number of these units directed by the local permitting authority.
Thus insuring availability and allowing for growth of the community.

Reply
Katherine

Necesito aplicar porfavor necesito ayudar tengo un niño que no me camina ni me habla y vivo en un segundo piso

Reply
Nova

They’re pushing all the median hard working people to high crime areas like east New York and the Bronx.
How does a person making 90k a year qualify for affordable housing??? What is the true definition of affordable housing???

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