Housing Lottery Launches For 2885 Marion Avenue In Jerome Park, The Bronx

 

The affordable housing lottery has launched for 2885 Marion Avenue, an eight-story mixed-use development in Jerome Park, The Bronx. Designed by OCV Architects, the 118,000-square-foot building will yield 114 units. Available on NYC Housing Connect are 97 units for residents at 50 to 110 percent of the area median income, ranging in eligible income from $38,743 to $155,100.

Residential amenities include a shared laundry room, a community room, and a rooftop garden terrace. Units include LED light fixtures, low-emissive argon-filled windows, energy-efficient appliances, and low-flow water fixtures. A community facility space in the building will house a childcare center for the surrounding neighborhood.

At 50 percent of the AMI, there are nine two-bedrooms with a $1,045 monthly rent for incomes ranging from $39,018 to $61,400 and three three-bedrooms with a $1,200 monthly rent for incomes ranging from $45,086 to $70,500.

At 60 percent of the AMI, there is one one-bedroom with a $1,058 monthly rent for incomes ranging from $38,743 to $61,400; 24 two-bedrooms with a $1,280 monthly rent for incomes ranging from $47,075 to $73,680; and eight three-bedrooms with a $1,472 monthly rent for incomes ranging from $54,412 to $84,600.

At 90 percent of the AMI, there are eight one-bedrooms with a $1,375 monthly rent for incomes ranging from $49,612 to $92,160; 19 two-bedrooms with a $1,660 monthly rent for incomes ranging from $60,103 to $110,520; and seven three-bedrooms with a $1,911 monthly rent for incomes ranging from $69,463 to $126,900.

At 110 percent of the AMI, there are five one-bedrooms with a $1,554 monthly rent for incomes ranging from $55,749 to $112,640; 13 two-bedrooms with a $1,874 monthly rent for incomes ranging from $67,440 to $135,080; and four three-bedrooms with a $2,159 monthly rent for incomes ranging from $77,966 to $155,100.

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than April 20, 2021.