$519-Per-Month Apts. Up for Grabs at Long-Awaited Essex Crossing on LES
(DNAINFO) Allegra Hobbs | March 6, 2017 — Applications are now open for the first affordable units at the Lower East Side mega-development.
The first affordable apartments at the sprawling Essex Crossing development are now up for grabs through the city’s affordable housing lottery, with studios starting at just $519 a month.
The city on Thursday began accepting applications for 104 below-market-rate apartments at 145 Clinton St. — the first of 561 affordable units the multi-site megaproject will bring to the neighborhood by 2024.
The project’s launch follows decades of contention over the fate of those parcels of land — stretching along Delancey Street between Essex and Attorney streets — which had sat mostly vacant since 1967.
The building at 145 Clinton St., which is slated for completion this fall, will include 211 total apartments and sit atop a Trader Joe’s and a Planet Fitness.
Based on the size of the applicant’s household and annual earnings, apartments range in price from $519 for a studio to $3,424 for a three-bedroom.