The affordable housing lottery has launched for Cyrus Place Apartments, an eight-story mixed-use building at 4697 3rd Avenue in Fordham, The Bronx. Designed by Curtis + Ginsberg Architects and developed by Bronx Pro Group, the structure yields 53 residences and ground-floor commercial space. Available on NYC Housing Connect are 44 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $16,560 to $118,400.
Residents will have access to an on-site superintendent, elevator, a residential terrace, gym, bicycle storage room, and shared laundry room. Units come with energy-efficient appliances and air conditioning.
At 30 percent of the AMI, there are four units with monthly rent ranging from $410 to $701 for incomes ranging from $16,560 to $44,400. At 40 percent of the AMI, there are six units with monthly rent ranging from $589 to $1,011 for incomes ranging from $22,698 to $59,200. At 50 percent of the AMI, there are six units with monthly rent ranging from $768 to $1,322 for incomes ranging from $28,835 to $74,000. At 70 percent of the AMI, there are 12 units with monthly rent ranging from $1,002 to $1,759 for incomes ranging from $36,858 to $103,600. At 80 percent of the AMI, there are 16 units with monthly rent ranging from $1,163 to $2,037 for incomes ranging from $42,378 to $118,400.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than March 16, 2022.
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