NYC Housing Lottery
Applications are open for 177 newly constructed apartments at Lyra, a building at 555 West 38th St. in Hudson Yards through the affordable housing lottery. Applicants are eligible if they are in households with an income ranging from $47,966 to $187,330, depending on the size of the household.
The rent-stabilized apartments are studios, one, and two bedrooms set aside for people in income brackets ranging from 70 to 130 percent of the area median income. (The area median income for a two-person household in New York City is $106,800.) Eligible households are those with one to five people and rents start at $1,399 for a studio.
There are 52 one-bedroom apartments available for tenants with incomes of $93,050 to $156,130. The rent for these apartments is $2,714.
The building has a range of high-end amenities including lounges, work spaces, a fitness center, pool table, and racquetball court. Additional fees will apply if you want to use these perks including a squash court and bike storage but the amenity fee of $50 per month is waived for the first year of your lease.
Lyra is close to the shopping and entertainment offered at Hudson Yards and a block from the Hudson River Greenway. The nearest subway station is 34 St.-Hudson Yards.
The building is pet friendly and even has a dog washing station. There are washer dryers in the units and all are equipped with air conditioning. Residents are responsible for paying for electricity.
Applications must be submitted online or postmarked no later than August 16th.
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 one of these rent-stabilized apartments can be life changing: Rent increases are capped and lease renewals are automatic, providing long-term affordability 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.
Do you have first-person advice to share about the affordable housing lottery? Drop us an email. We respect all requests for anonymity.