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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.

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15 Comments

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James

Affordable for who, I make an ok salary, much more than the minimum wage and would not even be able to afford the studio, plus utilities, cell phone, vehicle insurance and payment, monthly food shopping. All a person would be doing is sitting home because you wouldn’t have money for anything else.

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Clay

THREE two bed apartments for up to 7 people…. @$3200. Clearly families of four are not what developers are looking for. No one is building anything designed to retain working families long term.

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Jason

A person making $15/hour full time makes around $30k. The $1850/month studio means they’re spending $22k on rent alone. It is simply ludicrous.

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Mr. Galikanokus

Way to gloss over the whole “affordable” thing. That’s OK, though, it’s not like that was a big focal point of the article…

Anyhow, they might not expect to live in a luxury building outright, but they’re probably not expecting to get the middle finger from the affordable units either.

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MRLIC

Why are they building almost all luxury buildings should be the question. Not everyone is rich or well off either you know !

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Lala

So then don’t call it “affordable housing” if the average NYC family can not afford it. It’s meant for middle income families not rich people.

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HB

That’s why the benefits the developer gets to produce affordable apartments are ridiculous. It’s a luxury building, with high prices. Affordable housing should be in standard buildings, if anywhere, not this joke.

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