Affordable Housing Lottery Opens for Units in Residential Tower on LIC Waterfront

Rendering of Gotham Point South Tower (left) and North Tower (right) (Courtesy of VUW)

Oct. 25, 2021 By Allie Griffin

A mixed-income housing lottery has opened for 270 units in a new development on the Long Island City waterfront.

The city is accepting applications for units in the mixed-use, two-tower development known as Gotham Point. The 270 apartments up for grabs are located in one of the two waterfront towers that have commanding views of Manhattan.

The development is currently under construction and is being built through a partnership between development company Gotham and the nonprofit RiseBoro Community Partnership.

The housing lottery is now open for apartments in the South Tower, a 33-story building located at 57-28 2nd St.

The South Tower is anticipated to be completed later this year, while the 56-story, second tower known as the North Tower is expected to be finished next year. Together, the buildings will include 1,132 total units — 75 percent, or 847 total, of which are available through the city’s housing lottery.

The apartments that are part of the lottery — a range of studio, one-bedroom, two-bedroom and three-bedroom units — are available to households of one to seven people who earn 30, 50, 80, 125 or 165 percent of the area median income.

All residents will have access to a state-of-the-art fitness studio, 24/7-attended lobby, dedicated co-working lounges, a rooftop terrace, bike storage, children’s playroom, dog spa and more. Additional fees apply for some amenities.

The units feature open layouts, plank flooring, quartz countertops, stainless steel appliances, a gas range and a dishwasher.

Rendering of a lounge in Gotham Point (Courtesy of VUW)

There are 54 studio apartments, 158 one-bedroom units, 40 two-bedroom units and 18 three-bedroom units available in the South Tower of Gotham Point through the lottery.

While the apartments start as low as $397 a month for people who earn 30 percent of the AMI, the majority of the units listed in the lottery are available to people who earn between 125 and 165 percent of the AMI and cost significantly more.

Only one studio apartment is available for $397 a month to people who make 30 percent of the AMI — between $15,806 and $28,650. There are eight available for $738 to people who make 50 percent of the AMI and five available for $1,250 to people who make 80 percent of the AMI.

There are 18 studios listed at $1,643 a month and 22 listed at $2,070 a month for people who make 125 percent and 165 percent of the AMI respectively.

The lottery also has one one-bedroom apartment available for $503 a month to 30 percent AMI earners and 26 one-bedroom units available for $930 a month to 50 percent AMI earners.

There are 13 one-bedroom units listed at $1,570 a month; 52 at $2,060 a month and 66 at $2,593 a month.

Two-bedroom apartments start at $598 a month and there are three available for that price, for the lowest income bracket, through the lottery. There are six listed for $1,110 a month; three for $1,878 a month; 13 for $2,467 a month and 15 for $3,107 a month.

Lastly, three-bedroom apartments start at $1,274 a month for those who make 50 percent of the AMI and reach up to $3,580 in monthly rent for those who make 165 percent of the AMI.

There are four three-bedroom units listed for $1,274 a month; one for $2,161 a month; six for $2,841 a month and seven for $3,580 a month.

Residents of Queens Community District 2 are given preference for half of the apartments in the lottery.

Rendering of the senior terrace in Gotham Point (Courtesy of VUW)

To see a full breakdown of the income requirements and available units, and to apply to the housing lottery, visit the housing connect website. Those who wish to apply with a hard copy can request an application by mail by sending a self-addressed envelope to the below address.

GO HPS LLC, 57-28 2nd Street
Long Island City, NY 11101

Interested applicants should submit their applications by Dec. 29 to meet the deadline.

The South Tower, which has 443 units total, will also have a publicly accessible community boathouse and kayak launch as well as a ground-floor studio and headquarters for the nonprofit arts organization, Flux Factory, to support emerging artists with its artists-in-residency program.

The housing lottery for the North Tower will open at a later date.

The North Tower will house 689 total units and include an 11-story specialty wing with senior housing. It will include 98 senior independent living units which will be managed by the nonprofit RiseBoro Community Partnership. The senior residences will be available to individuals across income levels from $15,806 to $85,920.

The North Tower will also feature ground-floor retail space, a car garage and a publicly accessible urban farm on its rooftop.