You are reading

Housing Lottery for More Than 330 Affordable Units in 5 Pointz Towers Opens

5 Pointz towers (NYC Housing Connect)

Feb. 26, 2021 By Allie Griffin

More than 330 affordable apartments in Long Island City’s 5 Pointz towers are up for grabs through the city’s affordable housing lottery.

The units are located within in two newly-constructed towers at 22-44 Jackson Ave., where the famous 5 Pointz factory building once stood that was known for its acclaimed aerosol murals.

There are studios, one-bedroom, two-bedroom and a couple three-bedroom units on offer. The studios  start at $1,850 a month.

An advertisement for the new towers describes them as luxury buildings with “countless” amenities.

“Create your life in the building of your dreams,” the ad reads. “5 Pointz stands out in the heart of a Long Island City neighborhood buzzing with culture.”

The apartments in the new towers are open to people who make at least $63,429 a year, with the income threshold set at 130 percent of the area median income.

There are 78 studio units available for $1,850 a month to households of one to two people who make between $63,429 and $118,300 combined annually.

There are 180 one-bedroom units available for $2,295 a month to households of one to three people who make between $78,686 and $133,120 combined annually.

There are 77 two-bedroom units available for $2,775 a month to households of two to five people who earn between $95,143 and $159,640 combined annually.

Lastly, there are two three-bedroom units available for $3,200 a month to households of three to seven people who make between $109,715 to $183,300.

A breakdown of the full income requirements is below.

(NYC Housing Connect)

Heat, hot water and cooking gas is included the price of rent. Tenants must pay electricity in addition to rent.

The amenities include an indoor pool, state-of-the-art fitness center, basketball court, co-working lounge, courtyard, garden terrace, spin room, boxing room, shuffleboard, poker lounge, golf simulator, gaming room, party room, pet grooming room, library, outdoor bbq, sun deck, sauna, a doorman and “sky lounge.”

The deadline to apply for the lottery is May 25, 2021. Mailed-in applications must be postmarked by that date.

While the units are given out to eligible applicants through a lottery, some preference is given to applicants with vision, mobility and hearing disabilities.

Those eligible can apply to the housing lottery online here. More information about the 5 Pointz lottery can be found here.

To request a paper application, residents can send a self-addressed, stamped envelope to: MGNY Consulting c/o 5 Pointz LIC, 18 Bridge Street Suite 1D, Brooklyn, NY, 11201.

As a result of participating in the affordable housing lottery, the building owner will receive a tax break.

email the author: [email protected]

4 Comments

Click for Comments 
Where are the REAL Affordable places???

Once again, I wish the SSP would get real and POST some real affordable places for the Real working guy or SENIORS who make less then 20K a yr. This is such a JOKE. I am retired and never in my life made 63K……….When will someone build Housing for US….I guess this is why I am destine in die in my apt. with no choice. I hate these articles that the SSP writes. WE NEED MORE HOUSING FOR AVERAGE PEOPLE NOT JUST THE RICH AND WEALTHY.

1
1
Reply
SuperWittySmitty

You’re living in a very expensive city. There are less expensive options available for seniors and folks who have low incomes but not necessarily in NYC or even in the northeastern part of the USA. If you don’t have a lot of money, move somewhere that has low taxes, low energy costs, etc. (One reason so many folks retire to Florida, etc. It’s cheap to live there.) This idea that you should be able to live wherever you want to isn’t a realistic way of thinking.

Reply
Anonymous

No private developer is going to build a 500 million dollar building to sell units to buyers making 65k and under. They’d lose money. If it’s not profitable it doesn’t make sense. Would you go to work for $100 dollars a week if it cost you $101 in expenses just to get there?

Reply
Ignorance is strength, war is peace

“Affordable” – an Orwellian euphemism for “unaffordable”.

9
1
Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News