Rendering of 37-49 81st Street via Housing Connect
Black Friday and Cyber Monday deals are just around the corner, but a more significant and lasting bargain has just been announced: An affordable housing lottery has launched for six two-bedroom apartments for $224K at 37-49 81st Street, a new mixed-use condominium in Jackson Heights. An offering plan approved by the New York State Attorney General indicates a sellout of $19.881 million, bringing the overall average price of the building's 23 market-rate units to $806K. A 421a tax abatement is also in effect.
While interior details are limited, exterior renderings show many units will have private balconies. The building does not offer a fitness center, but the Roosevelt Avenue Blink Fitness outpost is two blocks away. It also offers easy access to the diverse and delicious dining options of Jackson Heights. Moreover, between the building's parking garage and location near four subway lines, there is no shortage of commuting options.
While interior details are limited, exterior renderings show many units will have private balconies. The building does not offer a fitness center, but the Roosevelt Avenue Blink Fitness outpost is two blocks away. It also offers easy access to the diverse and delicious dining options of Jackson Heights. Moreover, between the building's parking garage and location near four subway lines, there is no shortage of commuting options.
Households of 2-4 people with an annual income of $40,000-$62,580 have until December 19, 2018 to apply. Further information and criteria can be found here. For additional affordable housing opportunities, please visit Housing Connect.
Lottery criteria via Housing Connect
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Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City
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