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Lottery Opens For 30 Apartments in Alphabet Plaza Project

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alphabet plaza

If you pass by the intersection of East Houston Street and Avenue D with any frequency, you’ve no doubt noticed this building, known as Alphabet Plaza, nearing completion.  The complex features ground floor retail and 135 apartments, including 30 affordable units.  The city’s Department of Housing Preservation and Development is putting the word out about the upcoming lottery for eligible prospective tenants.

Under NYC’s affordable housing program, studios will rent for $847; one bedrooms are priced at $909; 2-bedroom units are $1101.  Applicants need to meet income requirements (annual household earnings ranging from $30,000 to nearly $60,000 for the largest units). Residents of Community District 3 (including the Lower east Side and Chinatown) will be given preference for the apartments. Click here for application information.

Alphabet City includes a 24-hour doorman, valet services, a fitness center and roof deck.  Market rate rents will reportedly range from $2500-3600.  EV Grieve has been keeping a close eye on construction during the past year.

The development parcel, encompassing 5-9 Avenue D and 306-310 E. Second St., was purchased in 2012 for $21 million.  The original proposal came before Community Board 3 in 2010, generating some controversy.  Some locals concerned about gentrification objected to the prospect of a luxury building on Avenue D.  The affordable units were created through the city’s inclusionary housing program.

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  1. great – wonderful if you’re low income – but what about middle income? People who make 75,000-100,000 are not visible when it comes to these lotteries. They’re not even represented. and before anyone gets annoyed and thinks that $80,000 is a lot, it’s not, especially when you have a parent living with you and you have a child that you pay all the bills for. How about some middle income housing lotteries?

  2. Madame I couldn’t agree with you anymore. Im one of those people. I cant afford an apartment on 80k. I pay 600 in student loans a month and Medicial insurance. I have a child with special educational needs. I understand that there alot of low income familys. But why should we the middle class get ignored. I worked hard to get a degree so that I could earn more money but at times it feels like a punishment.

  3. Something must be wrong with you that you took my post personally. I don’t know you and don’t care what you make but since you bring it up 45,900 is peanuts maybe you should take your degree and look for a better job and you won’t need to look for low income housing. 30 of 135 apartments are for people like you “the working poor” the other 105 apartments are unaffordable for the people that live in that neighborhood. So like I said there goes the neighborhood.

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