Luxury condo sales launched at Extell’s One Manhattan Square late last year. Now the city is kicking off the affordable housing lottery for a separate rental building adjacent to the high-end super-tower.
There will be 204 units available within 229 Cherry St. Residents of Community Board 3 will be given priority for half of the apartments. They’re available to people earning 60% of area median income.
There are 104 two-bedroom apartments — with a monthly estimated rent of $1,230. The annual income range for those units is $44,160-$57,240. There are 51 one-bedrooms and 49 studios. See the flyer embedded in this post for more details.
Applications may be submitted to the Department of Housing Preservation and Development via the agency’s Housing Connect website. You can also request an application by mail. Send a self-addressed envelope to:
227 Cherry Street
c/o Wavecrest Management Team
87-14 116th St.
Richmond Hill, NY 11418
The application deadline is Jan. 2, 2018. The building is expected to be completed in the spring of next year.
Extell will be receiving a tax exemption through the state’s 421-a program. The affordable building was designed by Dattner Architects. While Extell has promised an affordable grocery store in the ground level of 229 Cherry St., there have been no details about the company’s true intentions. Residents have pressed the secretive developer about the issue to no avail. The 80-story condo tower and affordable rental building are located on the former site of the Cherry Street Pathmark store.
If you’re interested in learning more about the application process, a workshop will be held on Nov. 15. We’ll have more details about that when a location is announced.