Astoria Cove Phase 1 (A).
Rendering courtesy of NYC Housing Connect
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New York City has launched a housing lottery for 75 units at Astoria Cove Phase 1 (A), two residential buildings at 4-34 26th Ave. and 4-42 26th Ave. in Astoria.
The 26-story and 7-story buildings have 731 total housing units, with 656 being at market rate. Of the 75 units set aside in the housing lottery, 45 are intended for those earning 80% of the area median income and with an asset limit of $129,600, nine are for those earning 125% of the area median income and with an asset limit of $202,500 and 21 are for those earning 130% of the area median income and with an asset limit of $210,600.
Studios account for 12 of the units set aside at 80% of the area median income. These types of units can house no more than two people. The monthly rent is $2,126. The annual household income must range from $77,829-$103,680.
There are 15 one-bedroom units at 80% of the area median income. Rent for these units is $2,266 a month. Up to three people can reside in one of these units, as long as they combine to earn $83,315-$116,640 a year.
The last 18 apartments at 80% of the area median income are two-bedroom units, which cost $2,696 a month in rent. As many as five people can live in one of these units. The combined household income must total $99,978-$140,000 a year.
All nine apartments at 125% of the area median income are two-bedroom units. The monthly rent is $202,500 and the required annual household income is $130,972-$218,750.
There are three studios at 130% of the area median income. These units cost $3,384 a month in rent. Those living in one of these units must combine to make $120,960-$168,480 a year.
Another 13 one-bedroom units are among those available at 13o% of the area median income. The monthly rent for these units is $3,518. The annual household income must range from $126,240-$189,540.
Five two-bedroom units account for the last of those set aside at 130% of the area median income. These units cost $3,600 a month in rent. Residents of a unit must have a combined annual income of $130,972-$227,500.
Astoria Cove Phase 1 (A) features a recreational room, a game room, a gym/spa/yoga/dance studio, a business center, an outdoor rooftop terrace, package lockers, storage, bike storage lockers, covered parking and electric car charging stations. Additional fees apply for the recreational room, gym/spa/yoga/dance studio, business center and outdoor rooftop terrace. Tenants will be responsible for electricity, including the electric stove and heat.
The property is within close proximity to the Astoria Boulevard and 30th Avenue subway stations, which both provide service for the N and W trains. There are also bus stops in the area for the Q18, Q19, Q103 and the B62 lines.
J Frankl Architects and Fogarty Finger designed Astoria Cove Phase 1 (A). KS Group and Alma Realty Corp. are developing it.
Those who intend to apply for housing at Astoria Cove Phase 1 (A) must meet the housing and income size requirements. Applications must be postmarked or submitted online by June 2. Qualified applicants must also meet additional selection criteria.
Anyone interested in applying for this housing lottery can do so online by clicking here. Applications can also be requested via mail by sending a self-addressed envelope to Astoria Cove Phase 1 (A) Apartments, c/o Reside Affordable, 349 Keap St., Brooklyn, NY 11211.