Jackpot? Hunter’s Point housing lotto starts today

About 50,000 applications expected for 925 units in Long Island City development
October 15, 2014 04:02PM

Winners won’t take home a multi-million dollar jackpot, but those who snag an affordable unit at Hunter’s Point South may feel like they’ve done just that.

Prospective renters can now submit applications to NYC Housing Connect for one of 925 affordable units at the Related-developed project on Long Island City’s waterfront. Close to 50,000 people will vie for a spot at one of the site’s two towers, where below-market-rate units start as low as $494 per month for single residents making between $18,618 and $23,520 annually.

Renters will have access to a slew of amenities, including a fitness room, Internet café and community garden–not to mention up-close views of Manhattan and the East River.

“This is the best deal in New York City,” Frank Monterisi, a senior vice president with the Related Companies, told the New York Daily News.

The site, which is 50 percent complete, was designed by SHoP Architects, the same firm that conceived Two Trees’ Domino Sugar Factory development in Williamsburg. There, non-market rate apartments will start at $553, with the housing lottery slated to start in 2016. [NYDN] — Kerry Barger