Hunters Point South
Aug. 20, 2019 By Shane O’Brien
The city is looking to replenish the wait list for some of the moderate-income “affordable” apartments at Hunters Point South.
Spots on the wait list are now available for households that earn between $104,538 and $278,300 a year. The rent in these units range from $2,992 to $5,183 a month depending on the size of the apartment.
The apartments are located in the two towers at 1-50 50th Ave. and 1-55 Borden Ave., both adjacent to the waterfront. The buildings, both 100 percent permanently affordable, consist of 925 units and were completed in 2015 as part of the Mixed Income Housing Program implemented by the New York City Housing Development Corporation.
Applicants are able to earn up to 230 percent of the Area Median Income to quality for a spot on the wait list.
Individuals looking to rent a one-bedroom apartment must have a yearly income ranging between $104,538 and $168,130, while a two-person household can make no more than $192,050 a year. One-bedroom apartments go for $2,992 a month.
Households looking to rent a two-bedroom apartment must have a minimum annual income of $136,309, while three-bedroom apartments require households to take in at least $180,240 a year.
Applicants for two-bedroom apartments can earn up to $239,890 yearly, with those seeking three-bedroom apartments capped at $278,300.
A two-bedroom apartment will cost successful applicants $3,974 a month, while a three-bedroom apartment costs $5,183.
Gas and heating prices are included in the monthly rent, but electricity and other bills are excluded.
Amenities at the two buildings include a fitness center, a tech center, an outdoor terrace, a playroom and a 24-hour attended lobby.
The towers were first occupied in 2015 following an affordable housing lottery for all 925 units in 2014.
The city set aside 186 units for those who made no more than 50 percent of the Area Median income. The remaining 738 units were designated for moderate income earners. Of those units, 308 were for individuals and families who made up to 230 percent of the AMI.
The AMI for a family of four in New York City is currently $106,700.
To apply for an apartment or find out more, click here.
