You are reading

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

email the author: [email protected]
No comments yet

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

Borough president hears from community members on budget needs throughout Queens

During a two-day public hearing on the mayor’s 2024 preliminary budget, Queens Borough President Donovan Richards Jr. listened to testimonies from 14 community board representatives, community stakeholders and members of the public on where the money should be spent in Queens. 

The public hearings were held both in-person and via Zoom on Monday, Jan. 30, and Tuesday, Jan. 31, at Queens Borough Hall. The testimonials will be used to develop the Queens Borough Board’s FY24 preliminary budget priorities in the coming weeks. 

‘Limitless possibility’: BP Richards announces community visioning workshops on redevelopment of Creedmoor Psychiatric Center campus in Queens Village

Queens Borough President Donovan Richards Jr. and Empire State Development on Tuesday, Jan. 31, announced the launch of a series of community visioning workshops that will be held to hear input from eastern Queens residents about the redevelopment of the 50-acre Creedmoor Psychiatric Center campus in Queens Village. 

The first community visioning workshop will be held on Thursday, Feb. 2, at 7 p.m. at P.S./I.S. 208 located at 74-30 Commonwealth Blvd. in Glen Oaks.

‘He didn’t deserve to die’: Borough President Richards leads emotional candlelight vigil for Tyre Nichols

Queens Borough President Donovan Richards held a candlelight vigil for Tyre Nichols outside Queens Borough Hall Monday, Jan. 30 after Nichols’ death at the hands of police officers in Memphis, Tenn., made national headlines for the brutality in which the officers beat him.

Almost immediately after news broke about Nichols’ death, the Memphis police officers who beat him to death were fired and charged with murder. The police department released the body cam footage of the fatal beating on Jan. 27, but many people, including some at the vigil, have refused to watch it due to its extremely graphic nature.

Op-Ed: This Year’s State Budget Must Prioritize Climate, Jobs, and Justice for New York

Op-Ed, Jan. 30, By Assemblymember Jessica González-Rojas

In a time of rampant economic inequality and environmental injustice, it is easy to feel defeated.  Here in Queens and across New York State, however, communities are organizing for a better future. New Yorkers from different backgrounds and with different lived experiences are proving that we can build community, organize, and create a future that reflects our shared values.