The affordable housing lottery has launched for 3418 Third Avenue, a seven-story mixed-use building in Morrisania, The Bronx. Designed by Fred Geremia Architects & Planners and developed by Franc Gjini, the structure yields 54 residences. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $84,755 to $218,010.
Amenities include a shared laundry room, recycling center, package lockers, elevator, storage, and on-site resident manager. Residences come with air conditioning, intercoms, charging outlets with USB ports, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity.
At 130 percent of the AMI, there are three studios with a monthly rent of $2,472 for incomes ranging from $84,755 to $161,590; eight one-bedrooms with a monthly rent of $2,520 for incomes ranging from $86,400 to $181,740; and two two-bedrooms with a monthly rent of $2,795 for incomes ranging from $95,829 to $218,010.
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 6, 2024.
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