{"id":161566,"date":"2026-03-12T17:40:08","date_gmt":"2026-03-12T17:40:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/161566\/"},"modified":"2026-03-12T17:40:08","modified_gmt":"2026-03-12T17:40:08","slug":"deadline-monday-buy-a-rockaway-beach-apartment-for-under-15k","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/161566\/","title":{"rendered":"Deadline Monday: Buy a Rockaway Beach apartment for under $15K"},"content":{"rendered":"

The recent warmer weather may have had you dreaming of life by\u00a0 the water. If so, move fast: the lottery to join the waiting list for a Rockaway Beach apartment, priced far below market value, ends Monday, March 16.\u00a0<\/p>\n

You can buy a one-bedroom co-op apartment a short walk from the boardwalk for a range of $14,818 to $15,347 (the actual price is subject to change). The price stays the same whether you make $38,970 (the minimum income) or $182,250 (the maximum).\u00a0<\/p>\n

You can also throw your hat in the ring for two-bedroom apartments for $17,993 to $19,316. Three-bedroom units are up for grabs for $21,565 to $21,962. The building is located at 3-53 Beach 57th St.\u00a0<\/p>\n

A Mitchell-Lama co-op<\/p>\n

These Arverne Limited Profit Housing Corp. apartments are open to a wide income range because they\u2019re part of the Mitchell-Lama program. You aren\u2019t buying the unit itself, but rather shares that grant you the right to live there. As Epicenter NYC has reported<\/a>, these developments are designed to make housing affordable not just to low-income families but also moderate- and middle-income New Yorkers. For a refresher on how Mitchell-Lama co-ops work, read our full guide<\/a>.<\/p>\n

Maintenance fees<\/p>\n

Monthly maintenance fees range from $974 to $995 for the one-bedroom units, $1,237 to $1,283 for the two-bedrooms, and $1,525 to $1,537 for the three-bedrooms.\u00a0<\/p>\n

These fees cover shared costs such as building upkeep, staffing and insurance. The charges are similar to those for co-ops and condos throughout the city.<\/p>\n

\"\"Credit: NYC Housing Connect<\/p>\n

Who can apply<\/p>\n

The lottery for a one-bedroom is for households of one to three people. To be eligible, your annual household income should range from $38,970 to $182,250.<\/p>\n

For a two-bedroom, households of two to four people can apply. Your annual household income should range from $49,494 to $202,500.\u00a0<\/p>\n

The three-bedrooms are for households of four to six people. The annual household income should range from $60,988 to $235,000.<\/p>\n

To apply to any of these apartment lotteries, you must:<\/p>\n

Be a New York State resident<\/p>\n

Be at least 18 years old<\/p>\n

Be financially responsible (as shown by documentation such as your tax returns, bank statements and credit scores)<\/p>\n

Not be a current shareholder in a Mitchell-Lama development<\/p>\n

Submit only one application (either online or by mail)\u00a0<\/p>\n

Duplicate applications will automatically be disqualified. Applicants without the correct household composition or income eligibility will also be disqualified.\u00a0<\/p>\n

How to apply for the lottery<\/p>\n

You can apply online through the NYC Housing Connect website here<\/a> (for the one-bedroom), here<\/a> (for the two-bedroom), and here<\/a> (for the three-bedroom). If you apply online, you\u2019ll need to log in or create a NYC Housing Connect account.<\/p>\n

You may also request an application by mail by sending a self-addressed envelope to:<\/p>\n

P.O. Box 966
New York, NY 10272<\/p>\n

What to know after the lottery closes<\/p>\n

If you\u2019re selected in the lottery, you don\u2019t immediately get an apartment. You must pay a $75 nonrefundable application fee to get placed on the waiting list in order to proceed. Then, when a unit becomes available, the management company will contact you. If you\u2019re selected and are an eligible veteran living in New York State, you\u2019re given priority<\/a> over other applicants.<\/p>\n

Those who are already on another waiting list from an affordable housing lottery must choose which they prefer; you can only be on one. It often takes years before a unit becomes available.\u00a0<\/p>\n

Read more of our affordable housing coverage<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The recent warmer weather may have had you dreaming of life by\u00a0 the water. If so, move fast:…\n","protected":false},"author":2,"featured_media":161567,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[433,11524,17488,2203,24712,9,24,56,63,65,64,122,294],"class_list":["post-161566","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-affordable-housing","tag-apartment","tag-co-op","tag-housing-lottery","tag-mitchell-lama","tag-new-york","tag-new-york-city","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-queens","tag-rockaway-beach"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/161566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=161566"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/161566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/161567"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=161566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=161566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=161566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}