51 mid-income rentals available in East Harlem, starting at $2,200/month

Courtesy of the New York Department of Housing Preservation and Development

Applications are currently being accepted for 51 middle-income units in a new residential development in Upper Manhattan. Located at 1998 Second Avenue in East Harlem, the 12-story building provides residents with access to a wealth of amenities and the Upper East Side’s wide variety of restaurants and shops. New Yorkers earning 130% of the region’s median income — or between $75,429 a year for a single person and $215,150 for a family of seven — are eligible to apply for apartments, which range from $2,200/ month for studios at $3,750/month for three bedrooms.

Courtesy of the New York Department of Housing Preservation and Development

Developed by Bolivar Development and designed by Marvel Architects, the building’s 4,000 square feet of indoor facilities include a state-of-the-art fitness center, 24/7 lobby, media room, breakout spaces free storage with each unit, and -Washers and dryers in each apartment. Potential residents with pets are also welcome.

Designed by GF55 Partners, all apartments feature large windows, quartz kitchen countertops with state-of-the-art appliances, bathrooms with large walk-in showers, and built-in washers and dryers. Some units have oversized private outdoor terraces.

The property’s outdoor amenities include a 3,500 square foot rooftop terrace with a swimming pool, a 17-foot movie screen, and multiple barbecue areas with tables.

Images courtesy of Bolivar Development

The building is located close to public transportation, including the 6 and Q subways. The planned extension of the Second Avenue subway line is also nearby.

“This dynamic neighborhood has seen dynamic growth in recent years, especially with the expansion of the Second Avenue subway line, and 1998 meets the growing need for a stylish new rental product,” said Bolivar Founder Peter Fine. . “The rich set of amenities, convenient location, and competitive pricing combine to make this one of Manhattan’s most in-demand rental properties.”

According PatchBolivar Development purchased the property for $28.5 million in 2018, with plans to construct a 12-story, 125-foot-tall building with space for commercial and community facility operations.

The lottery doesn’t save renters a ton compared to market price rentals in the area. According CityReal Estatethe median rental price for mark-to-market units currently on the market in Upper Manhattan is $2,700/month.

Eligible New Yorkers can apply for affordable housing up to July 14, 2022. Full details on how to apply are available here. Questions regarding this offer should be directed to NYC Housing Connect by dialing 311.

If you are not eligible for the mentioned housing lotteries, visit CityRealty.com’s free rental page for other apartment offers in the city.

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Key words :
1998 Second Avenue, Bolivar Development, GF55 Partners, Marvel Architects

Neighborhoods:
East of Harlem

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