The affordable housing lottery has launched for 16 Wade Square, an eight-story residential building in Belmont, The Bronx. Designed by A/R Environetics Architects and developed by Spaxel, the structure yields 74 residences. Available on NYC Housing Connect are 23 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $87,052 to $294,840.
Amenities include a garage with assigned parking spaces, bike storage lockers, a shared laundry room, elevator, recycling center, a community center, party room, recreation room, storage, gated access, and an on-site resident manager. Residences are equipped with hardwood floors, intercoms, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity and and electric stove.
At 130 percent of the AMI, there are five studios with a monthly rent of $2,539 for incomes ranging from $87,052 to $168,480; six one-bedrooms with a monthly rent of $2,599 for incomes ranging from $89,109 to $189,540; five two-bedrooms with a monthly rent of $2,899 for incomes ranging from $99,395 to $227,500; six three-bedrooms with a monthly rent of $3,618 for incomes ranging from $124,046 to $261,170; and one four-bedroom with a monthly rent of $3,879 for incomes ranging from $132,995 to $294,840.
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 15, 2025.
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