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33 Units up for Grabs in LIC Affordable Housing Lottery, Studios Start at $2,241

42-10 27th St. (Google)

April 28, 2020 By Michael Dorgan

A new affordable housing lottery has opened with 33 units on offer in a large Long Island City development.

The units, located at 42-10 27th St. in a building called One LIC, include studios, one-bedroom, two-bedroom and three-bedroom apartments. Applicants have until June 9 to apply and units will be awarded to qualified tenants via a lottery.

Studios will start at $2,241 per month, with three-bedroom units going for as high as $3,283 per month.

The building, which is 21 stories and contains 110 apartments, is located adjacent to the Queensboro Plaza subway station which serves the N, W, and 7 lines.

The new building boasts a rooftop deck and includes other amenities such as a public lounge, party room, laundry room and bike storage.

Parking is also available at an additional cost.

Eight studio apartments are available for $2,241 per month for individuals making between $76,835 and $97,110, and two-person households earning up to $111,020.

The largest share of units on offer are one-bedroom lots with a total of 12 available. All of these units are being offered for $2,362 per month. To qualify individual renters must make between $80,983 and $97,110. Households of two can have an income up to $111,020 and households of three can go up to $124,930.

There are eight two-bedroom units on offer, with all eight going for $2,849 per month and are available to households between two to five people. Income requirements begin at $97,680 and top off at $149,890 for a household of five.

Five three-bedroom units are also on offer at $3,283 per month and are available to households between three and seven people. Income requirements begin at $112,560 and are capped at $172,120 for a household of seven.

The rent covers gas and hot water. Tenants will be responsible for electricity.

Preference will be given to applicants who are already residents of New York City, with additional preference given to those with mobility, vision, or hearing impairments.

For more information and to apply, go to New York Housing Connect.

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13 Comments

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Common Sense

It’s affordable for people with appropriate yearly income. Same as with apartments with income limits of 50K or less. Those making more cannot get them. It is fair that there are below market rate apartments offered for every income level.

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MRLIC

Affordable NO. DeBlasio with his over building, of luxury buildings, Cuomo with his tax breaks for rich developers.

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Trump is DeBlasio over building luxury buildings, and giving huge tax breaks for rich developers

You realized you just described Trump exactly right? What a sad hypocrite.

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Rent too damn high

Under regular city RE guidelines at 40x monthly rent, one would need to make just about $90K for the “affordable” studio. Not sure how city decides the threshold range to be far lower at $76k. No matter how you look at it, it’s not affordable for the working class and even middle income people. Rent is obviously too damn high….

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Hugo Phucuselve

This is being called “Affordable”? That is ridiculous. The Real Estate Developers have destroyed this City.

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Gg

The three bed prices are reasonable compared to what a three bed costs in the market. But yeas these studio prices are ridiculous. This is not affordable housing.

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Annoyed

Why bother to call the apartments affordable if only to entitle developer to tax breaks?

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