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Affordable Housing [ SPONSORED ]

Housing lottery launches for 173 rent-stabilized luxury rentals in Long Island City

  • The new waterfront development has landscaped roof decks, barbecue grills, and an outdoor swimming pool
  • Studios, one- and two-bedrooms have in-unit washers and dryers, stainless steel appliances and ample closet space
By TF Cornerstone  | October 24, 2024 - 9:30AM
ADVERTORIAL
Image of 2-20 Malt Drive apartments in Long Island City

Set within a new waterfront park, Malt Drive residents have access to walking paths, a playground, dog run, and rolling lawns for picnicking.

Rendering courtesy of Binyan Studios

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A new housing lottery is now live on NYC Housing Connect for a brand-new, luxury rental development at 2-20 Malt Dr. in Hunter's Point, Queens. If your annual household income ranges from $85,000 to $200,000, you may qualify for a studio, one-, or two-bedroom apartment.

Just minutes from Midtown Manhattan, thanks to easy access to the ferry and 7 train, this new development boasts stunning river and skyline views, luxe apartments, loads of amenities, close proximity to restaurants and retail—and affordability.

That's because winning the lottery at 2-20 Malt Dr. means winning big on long-term rent savings. Housing lottery winners gain the security of rent-stabilized rents of $2,490 a month for studios, $2,890 for one-bedrooms, and $3,590 for two-bedrooms. You can save an average of $100,000-plus over five years compared to what you would pay for the same apartment with market-rate rent. 

Party room at Malt Drive

For successful applicants, living at 2-20 Malt Drive in Hunter’s Point South, Queens means snagging a rent-stabilized apartment outfitted with every convenience in one of NYC’s most stylish and dynamic neighborhoods.

Studios, one- and two-bedrooms all feature an in-unit washer and dryer, stainless steel appliances and ample closet and kitchen pantry space.

Coworking space at Malt Drive

High-end amenities for work and play

Sunbathe, swim, grill, get a workout in, even take a cooking class, all from your new home. At Malt Drive, you’ll find ample room for outdoor entertaining, with landscaped roof decks, barbecue grills, and a spacious outdoor swimming pool. Residents have a variety of different outdoor seating options, from dining tables to hammock lounging.  

Set within a new waterfront park lined with native plants, Malt Drive residents have access to walking paths, a playground, dog run, and rolling lawns for picnicking.

Malt Drive fitness center

Amenities for work and wellness

Inside, a state-of-the-art fitness center, yoga studio, and exclusive co-working spaces with reservable conference rooms, make it easy to find your work-life balance. A children’s playroom, clubroom, lounge, and in-building dog grooming services offer entertainment to residents of all ages (and species).

There are also shared laundry facilities with over-sized washers and dryers, plus bike storage and parking options to take the guesswork out of your day-to-day duties.

North terrace of Malt Drive

Fall in love with Hunter’s Point South

Malt Drive is in the heart of Hunter’s Point South on the waterfront of Long Island City, Queens. Here you’ll find gorgeous views, brand-new waterfront parks, a thriving cultural scene, and Michelin-starred restaurants.

You won’t run out of things to do locally: experience cutting-edge contemporary art at MoMa P.S. 1 and CultureLab, and stunning sculpture at SculptureCenter and the Noguchi Museum. Socrates Sculpture Park offers free, outdoor art right on the water, year-round, and in Hunter’s Point South Park you can stroll through lush green space and spot public art installations.

Children's playroom at Malt Drive

Where to dine locally

The dining scene is eclectic and highly-acclaimed: try modern Mexican at the Michelin-starred Casa Enrique; a hidden Korean tasting counter called Meju, also Michelin-starred; and authentic Indian at Adda, from the same restaurateurs behind super-hotspot Dhamaka. Dutch Kills boasts impeccable cocktails, and at LIC Bar you’ll find an outdoor garden where you can catch live music and poetry readings. And conveniences abound in the form of multiple grocery stores, including a Trader Joe’s and a specialty Asian market.

And when it’s time to venture out of the neighborhood, you have options: seven minutes on the ferry or five on the subway brings you to Manhattan.

Club room at Malt Drive

Applying for affordable housing in NYC

Don’t miss this opportunity for long-term savings and an overall elevated living environment and lifestyle through the housing lottery for 2-20 Malt Drive Apartments. Applications are being accepted through NYC Housing Connect until December 30th. To apply, create a profile on NYC Housing Connect and submit your application today. For more information about Malt Drive Apartments and the housing lottery, visit MaltDriveLottery.com.

Take advantage of the chance to enjoy luxurious living, lock in long-term savings, and become a part of the vibrant community of Long Island City. Apply now for the Malt Drive Apartments lottery and make 2-20 Malt Drive your new home.

The living area and bedroom of a studio at Malt Drive

Alanna Schubach

Alanna Schubach

Contributing writer

Contributing editor Alanna Schubach has over a decade of experience as a New York City-based freelance journalist.

SEE MORE BY Alanna Schubach »
Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.

topics:

Affordable Housing Housing Lottery Long Island City
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