Prefab Inwood rental to kick off affordable housing lottery

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

New York /
Apr.April 01, 2014 04:19 PM

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


Related Articles

arrow_forward_ios
Michael Gianaris, Julia Salazar and Jabari Brisport support the bill to abolish 421a. (Getty, Jabari Brisport via Twitter, 544 Union)
Lawmakers vow to end 421a as tenants sue landlords getting tax break
Lawmakers vow to end 421a as tenants sue landlords getting tax break
(Getty)
Average size of home mortgage nears $400K
Average size of home mortgage nears $400K
Home prices surpass 2006 peak levels. (Getty, Unsplash, Photo Illustration by Alison Bushor for The Real Deal)
US home prices surged 9.5% in November
US home prices surged 9.5% in November
(iStock)
Forbearance rate stubborn among home-mortgage borrowers
Forbearance rate stubborn among home-mortgage borrowers
(Illustration by The Real Deal)
Americans bought 5.6M homes last year — the most since the bubble
Americans bought 5.6M homes last year — the most since the bubble
(Illustration by The Real Deal)
How builders are changing America’s suburbs to fit the times
How builders are changing America’s suburbs to fit the times
The median existing-home price exceeded $300,000 for the first time last year (iStock)
Vicious cycle creates “huge supply crunch,” pushing home prices up
Vicious cycle creates “huge supply crunch,” pushing home prices up
(iStock)
Want a home in Greenwich? Data says you’d better hurry
Want a home in Greenwich? Data says you’d better hurry
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...