The affordable housing lottery has launched for Inkwell, a nine-story residential building at 586 Gerard Avenue in Concourse, The Bronx. Designed by Issac & Stern Architects and developed by The Karten Organization under the SB Gerard Avenue LLC, the structure yields 200 residences. Available on NYC Housing Connect are 60 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $74,195 to $227,500.
Amenities include a dog washing station, a garage with electric vehicle charging stations, bike storage lockers, a shared laundry room, media room, party room, recreation room, business center, storage, and a community center with scheduled events and classes. Residences are equipped with washer and dryers. Tenants are responsible for electricity, including electric stove and heat.
At 80 percent of the AMI, there are 28 one-bedrooms with a monthly rent of $1,974 for incomes ranging from $74,195 to $116,640, and 12 two-bedrooms with a monthly rent of $2,351 for incomes ranging from $89,315 to $140,000.
At 130 percent of the AMI, there are 14 one-bedrooms with a monthly rent of $3,150 for incomes ranging from $114,515 to $189,540, and six two-bedrooms with a monthly rent of $3,550 for incomes ranging from $130,423 to $227,500.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than January 7, 2026.
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