Affordable Housing

Apply for a chance to rent a $613 studio near Hudson Yards

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The city is now taking applications for 90 below-market rate apartments in Hell's Kitchen, near the Hudson Yards mega-development, through the city's housing lottery. The apartments are part of 555 10th Ave., a 52-story, 600-unit building at West 41st Street, built by the developer Extell. The units going up for grabs are set aside for people making $23,000-$27,000 a year, and $69,000-$92,000. For the former group, studios start at $613, and for the latter, $1,949. One, two, and three bedrooms are also available.

The city opened another version of the lottery for the building's 120 so-called affordable units last year. The new lottery is happening because the developer switched tax break programs, according to a Department of Housing Preservation and Development spokesman. In the meantime some of the apartments were allocated through the initial lottery process. There was a similar lottery do-over at a Downtown Brooklyn building last week. 

The 480 or so remaining apartments at 555 10th are set to be rented at market rates.

Here is more information on the income levels and rents for the below-market units:

Department of Housing Preservation and Development

If you're interested and think you might qualify for one of these apartments, you can create a profile and apply online via NYC Housing Connect. You can also request a mail-in application by sending a self-addressed envelope to 555TEN c/o Breaking Ground, PO Box 3620937, New York, NY 10129. Don't apply more than once, or you could be disqualified.

Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development or the Housing Development Corporation. If you are interested in applying to this or other affordable housing developments, please go to the NYC Housing Connect website for information and instructions.

 

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