The Real Deal New York

Prefab Inwood rental to kick off affordable housing lottery

One-bedrooms to cost $909, two-bedrooms $1,060

April 01, 2014 04:19PM

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Rendering of 4857 Broadway

Rendering of 4857 Broadway

Units at prefabricated Inwood rental building the Stack will soon hit the market in an affordable housing lottery.

Winners will snag a one-bedroom for $909 per month or a two-bedroom for $1,060 at the 4857 Broadway property. Applicants for one-bedrooms must have no more than two people in a household making less than a combined $40,320, while two-bedroom apartments may hold families of four making $50,340 or less. Residents of Inwood’s Community Board 12, along with applicants with visual, motor or hearing impairments will get first crack at applying.

The deadline to apply is Friday April 4, and winners, selected by nonprofit Housing Partnership, will be notified via letter for interviews at the end of May.

Built in only 19 days last July by developers Jeffrey Brow and Kim Frank, the 38,000-square-foot building holds 28 apartments in total, as well as 4,000 square feet of retail space on the first floor. [DNAinfo]Julie Strickland

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