Lottery Opens For Below-Market Units On Harlem's 125th Street

HARLEM, NY — A lottery for more than 40 apartments offered at below-market rents in a newly-constructed Harlem development is now accepting applications for prospective tenants, according to the city's Housing Connect website.

The apartments are located in a high-rise development on West 125th Street between Malcolm X Boulevard and Fifth Avenue and will be offered to tenants earning what the city considers moderate and middle incomes.

Rents begin as low as $1,208 per month for a studio for individuals earning between $45,840 and $63,680 and go as high as $2,710 per month for a two-bedroom unit for families earning a combined $85,172 to $159,640 per year. Developers are required to offer the units at below-market rates due to a 421-a tax exemption.

Here's a chart that breaks down rents and income eligibility in greater detail:

Prospective tenants may apply for the lottery through the city's Housing Connect website. A mail-in application can be requested by sending a self-addressed envelope to: 56 West 125th Street Apartments, c/o Reside New York, 381 South 5th Street, Unit #1, Brooklyn, NY 11211. Applications must be sent or postmarked by Aug. 18.

Preference for half of the new apartments will be given to residents of Manhattan Community District 10, which spans most of Central Harlem, according to the city's housing connect website, , according to the city's housing connect website.