The affordable housing lottery has launched for 3745 Riverdale Avenue, an 18-story mixed-use building in Riverdale, The Bronx. Designed by Newman Design Group and developed by Stagg Group, the structure yields 89 residences. Available on NYC Housing Connect are 27 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $92,572 to $198,250.
3745 Riverdale Avenue in Riverdale, The Bronx via NYC Housing Connect
Amenities include pet-friendly policies, assigned parking spaces, gym, elevator, concierge, and outdoor terrace. Residences come with washers and dryers, air conditioning, intercoms, name-brand countertops and finishes, energy-efficient appliances, and dishwashers. Tenants are responsible for electricity.
3745 Riverdale Avenue in Riverdale, The Bronx via NYC Housing Connect
3745 Riverdale Avenue in Riverdale, The Bronx via NYC Housing Connect
At 130 percent of the AMI, there are six studios with a monthly rent of $2,700 for incomes ranging from $92,572 to $146,900; seven one-bedrooms with a monthly rent of $2,900 for incomes ranging from $99,429 to $165,230; and 14 two-bedrooms with a monthly rent of $3,600 for incomes ranging from $123,429 to $198,250.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than May 27, 2024.
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These rents are very high for a lottery . Studios for $2700 .lol
Should be $700
Tiny apartments.
This is Riverdale, so the rents match the neighborhood, which is about as upscale as it gets in The Bronx
These cannot be categorized as affordable housing. I know Riverdale is upscale as I worked there before I retired. I can never afford that. I would end up in a shelter or living in the streets.
Changed in the zoning laws with new construction will change everything for New Yorkers. The vacancy rate close to zero. Hopefully this will relief the housing crisis with pockets of low income housing to meet the needs of working class and low income working class New Yorkers.
This is not affordable, they need to changed that to expensive because not one working middle class new Yorker can afford that. This homelessness are getting worse because of these high rents.