The affordable housing lottery has launched for 1429 East Gun Hill Road, a four-story residential building in Pelham Gardens, The Bronx. Designed by Badaly Architect and developed by Ferdinand Markushi under the GF Gunhill Road LLC, the structure yields 16 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $76,149 to $198,250.
Amenities include an elevator and a shared laundry room. Residences come with name-brand kitchen appliances, countertops, and finishes, air conditioning, smart controls for heating and cooling, and intercoms. Tenants are responsible for electricity and gas.
At 130 percent of the AMI, there are four one-bedrooms with a monthly rent of $2,221 for incomes ranging from $76,149 to $165,230, and one two-bedroom with a monthly rent of $2,474 for incomes ranging from $84,823 to $198,250.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than December 7, 2023.
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