The affordable housing lottery has launched for 414 East 152nd Street, an eight-story mixed-use building in Melrose, The Bronx. Designed by Baobab Architects and developed by Shaya Seidenfeld of MZS Realty Corp., the structure yields 44 residences. Available on NYC Housing Connect are 25 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $106,458 to $198,250.
Residences come equipped with air conditioning, high-speed internet, and name-brand kitchen appliances, countertops, and finishes. Amenities include an elevator and a shared laundry room. Tenants are responsible for electricity including stove and heat.
At 130 percent of the AMI, there are eight studios with a monthly rent of $3,105 for incomes ranging from $106,458 to $146,900; 16 one-bedrooms with a monthly rent of $3,317 for incomes ranging from $113,726 to $165,230; and one two-bedroom with a monthly rent of $3,963 for incomes ranging from $135,875 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 June 7, 2024.
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