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Lottery for Affordable Units by the Astoria Waterfront Begins, Rent Starts at $2,250

Rendering provided by the NYC Department of Housing Preservation and Development

March 21, 2022 By Czarinna Andres

Thirty-six units in a luxury building by the Astoria waterfront are up for grabs as part of an affordable housing lottery.

The lottery opened last week and applicants who want to live at the 11-37 31st Ave. development— known as Astoria West—have until May 19 to apply.

The units are not for low-income earners. To qualify, applicants must earn 130 percent of the Area Median Income—or $77,000 for an individual through to $167,600 for a family of five—to be eligible for a unit.

The rents range from $2,250 per month for one bedrooms to $2,950 a month for two bedrooms.

Eligibility requirement, according to the NYC Department of Housing Preservation and Development

The units are part of the Astoria West development, a 522,000 square foot development spread across three buildings that has 534 rental units. The property has views of the Manhattan skyline and the Hell Gate Bridge and is on 2.5 acres of waterfront property.

The development is a short walk to the ferry and is near Socrates Sculpture Park and the Noguchi Museum.

The development, a joint venture between Cape Advisors and Wainbridge Capital, features 40,000 square feet of amenities, including a rooftop pool club, lounge area and a deck with panoramic views. The development features a landscaped courtyard, fitness center, yoga and dance studio, and co-working communal spaces.

Astoria West is denotated by the letter “A”. Map provided by the NYC Department of Housing Preservation and Development

Each apartment has been designed to take advantage of natural light, with the living rooms and bedrooms featuring 9-foot ceiling heights. The units also have wide plank style floors, central heating and cooling, and an in-home washer and dryer.

The developers will be offering lottery winners a number of incentives to move in, including two months free on a two-year lease or one month free on a one-year lease. Furthermore, residents who sign a two year lease will be reimbursed up to $1,000 in moving expenses.

This will not be the only lottery for units in this development, according to reports. There will be other  “affordable” units on offer. The developers are anticipated to receive a Tax Exemption through the 421a Tax Incentive program for offering the “affordable” units.

Rendering provided by the NYC Department of Housing Preservation and Development

Rendering provided by the NYC Department of Housing Preservation and Development

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14 Comments

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Jill

Lower rent compared to Manhattan and Brooklyn. This is more about helping and keeping those with good paying jobs in NYC.

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Seriously!?

I would say this is a Joke, but it’s really unbelievable.
The Developers Tag on “Affordable”, So they can get that 421a Tax Exemption. Whom Exactly are they Helping?
It’s Incredible that this is Legal!

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What's wrong with elite developers like Trump getting huge tax cuts?

He only paid $750 and says that “makes him smart.” Is something wrong with that?

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TDS is a real thing

why are you so oppsessed with Trump? this article has nothing to do with him. did he send you a mean tweet that hurt your feelings? poor thing move on with your life and stop injecting him into everything nobody wants to hear it.

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No he tried to shut down Twitter because they hurt his feelings

How can he send me a tweet if he’s banned? 😂 If you don’t see the connection between ultra-wealthy elite NYC real-estate developers getting huge tax breaks and Trump, you’re REALLY out of the loop…

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Harriet

Affordable to new transplants. You can save some money if your apartment is considered affordable housing compared to luxury housing. You also feel better about paying that much and calling yourself a progressive and feeling like you are a part of the struggle and understand the poor working class. Meanwhile you kicked them out to live there and complain about the housing next to the poor when times get tough.

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I'm just a woke-eee from Muskogee

A chance for liberals to pad their wallets and virtue signal at the same time! Genius!

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Boomers still saying "virtue signal" in 2022

You definitely use the term “woke mafia” regularly 😂

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Harriet

This development is in Astoria. The epicenter of the progressive movement in Queens. They voted for AOC, Caban and Zohran. Paying thousands to live in a shoe sized apartment while kicking out the poor, middle class and elderly who can not afford to stay and then claim to be fighting for them. Meanwhile they seek places with 24 hour doormen and security.

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Not for low income earners does NOT equal affordable housing!

And STILL… My mortgage, maintenance and non credit card bills underscore this rent amount! Every month!

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