Affordable Housing

Housing lottery launches for 83 rent stabilized apartments in Hell’s Kitchen

  • New Yorkers who earn $32,023 to $183,000 are eligible to apply and rents start at $934 for a studio apartment
  • The 33-story building has bike storage lockers, a gym, spa, party room, pool, and an outdoor terrace
Celia Young Headshot
By Celia Young  |
February 22, 2024 - 9:11AM
A rendering of 312 West 43rd St.

The lower levels of 312 West 43rd St. will include retail space.

NYC Housing Connect

Housing lottery applications are open for 83 rent-stabilized apartments at a new development in Hell’s Kitchen in Manhattan. New Yorkers who earn $32,023 to $183,000 are eligible to apply, depending on the size of the household. Rents start at $934 for a studio.

The pet-friendly building at 312 West 43rd St. has in-unit washers and dryers, bike storage lockers, a gym, spa, party room, pool, and an outdoor terrace. It’s located near the 42 Street Port Authority Bus Terminal A, C, and E train stop.

Developed by National Real Estate Advisors and Taconic Partners, the 33-story building holds 330 apartments total. The duo topped out the tower between 8th and 9th avenues in December 2022.

The apartments are set aside for New Yorkers earning between 40 and 120 percent of the area median income (AMI)—a metric that depends on how many people you live with. Currently the AMI for New York City is $113,000 for a two-person household. The apartments available include studios as well as one- and two-bedroom apartments. 

There are 3 one-bedroom apartments available for households earning from $54,480 to $76,260. The rent for these apartments is $1,589. 

The developers have set aside 50 percent of the rent-stabilized apartments for applicants who already live in the area. Future lotteries will use a lower ratio as a result of a lawsuit settlement, which claimed the practice of community preference perpetuates segregation and violates the Fair Housing Act. Read: "NYC agrees to cut percentage of housing lottery units set aside for nearby residents."

Another 5 percent of the apartments will be preferentially given to NYC employees. A small percentage of the apartments are also set aside for residents with mobility, vision, and hearing needs. 

Applications must be submitted online or postmarked no later than April 22nd.

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. For details on this particular lottery, click here. Don’t apply more than once, or you could be disqualified.

Winning a rent-stabilized apartment can be life changing: Rent increases are capped and lease renewals are automatic, providing long-term stability for NYC renters. Need more information on how the housing lottery works? Check out “6 steps for applying to NYC's affordable housing lottery.”

For some advice from successful applicants read “How to land a rental apartment through NYC's affordable housing lottery.” And if you or someone you know is having trouble with the application process, consider reaching out to a housing ambassador in the community.

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 these or other affordable housing developments, please go to NYC Housing Connect for information and instructions.

Have you successfully won an apartment through the affordable housing lottery? If you have first-person advice to share about the process, we’d love to hear from you. Please send us an email. We respect all requests for anonymity.

Celia Young Headshot

Celia Young

Senior Writer

Celia Young is a senior writer at Brick Underground where she covers New York City residential real estate. She graduated from Brandeis University and previously covered local business at the Milwaukee Business Journal, entertainment at Madison Magazine, and commercial real estate at Commercial Observer. She currently resides in Brooklyn.

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