The affordable housing lottery has launched for 3745 Riverdale Avenue, an 18-story mixed-use building in Riverdale, The Bronx. Designed by Newman Design Group and developed by Stagg Group, the structure yields 89 residences. Available on NYC Housing Connect are 27 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $92,572 to $198,250.
Amenities include pet-friendly policies, assigned parking spaces, gym, elevator, concierge, and outdoor terrace. Residences come with washers and dryers, air conditioning, intercoms, name-brand countertops and finishes, energy-efficient appliances, and dishwashers. Tenants are responsible for electricity.
At 130 percent of the AMI, there are six studios with a monthly rent of $2,700 for incomes ranging from $92,572 to $146,900; seven one-bedrooms with a monthly rent of $2,900 for incomes ranging from $99,429 to $165,230; and 14 two-bedrooms with a monthly rent of $3,600 for incomes ranging from $123,429 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 May 27, 2024.
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