Home News New 11th Avenue Luxury Building Opens Housing Lottery

New 11th Avenue Luxury Building Opens Housing Lottery

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thanks to Record lows for real estate inventories in New York When Manhattan’s highest rent everMany West Ciders are facing Increasingly rapid rent increases You can make it feel like a dream to be in the neighborhood.But for those who are worried about their next debt renewal, there is a new lottery in town — developers Plans to release apartments starting at $ 690 per month In the upcoming Hudson Yards luxury building.

Hudson Yards 3ELEVEN has announced the lottery. Rendering: Douglaston Development:

311 11th Avenue, or 3ELEVEN As is known, located between W29 and W30 in downtown Hudson Yards, a new building from Douglaston Development, designed by FX Collaborative. We have secured 120,000 square feet of airspace from Hudson River Park (per City Realty) and promised to invest in improving the park. The 60-story tower can boast special views of the river and the West Side.

Divided into 703 market prices and 235 affordable units, lessors moving to luxury skyscrapers (scheduled to be completed this summer for 2023 occupancy) are brand new stainless steel appliances. Looking forward to the 30,000 sq ft interior, with hardwood floors. Facilities such as pool, multiple roof decks, fitness center and pet care facilities.

A facility available to residents of 3ELEVEN in Hudson Yards.Rendering: Douglaston Development

Now let’s move on to brass studs — how to qualify.according to Housing Connect NYCNew Yorkers who earn 40, 60, and 100 percent of the median income of the region (between $ 26,229 and $ 144,100, depending on the number of residents per household) can participate in the lottery. Studios are priced at $ 690, $ 1,063, $ 1,810, one bedrooms are priced at $ 741, $ 1,141, $ 1,942, and two bedrooms are priced at $ 901, $ 1,381, $ 2,342 per month.And there’s good news for local apartment hunters as 50% of affordable units have to be up to date Manhattan Community Board 4 residents.

Lottery unit prices are in stark contrast to recent tweets that it’s nearly impossible to find a studio in Manhattan for less than $ 2,000 a month. This includes Hell’s Kitchen.

The only HK unit depicted on the map seems to be gone (!!), but I found some Weird (read: Year With the kitchen small) Studios listed for just over $ 2ka per month.

The first unit of 3ELEVEN will be available for occupancy in 2023.Photo: Douglaston Development

If you want to try your luck with 3ELEVEN, by August 9th application!!

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