An affordable housing lottery opens for 42 apartments in the South Bronx
- Rents start at $397 a month for a studio
- You can apply if you earn $16,183 to $165,500
A rendering of 740 Brook Ave., where rents for a studio start at $397.
NYC Housing Lottery
Applications are being accepted for an affordable housing lottery for 42 newly constructed apartments at 740 Brook Ave. in the South Bronx. Rents start at $397 a month for a studio. Eligible applicants for this lottery must earn from $16,183 to $165,500 depending on the size of the household.
The stabilized apartments are studios, one, two, and three bedrooms set aside for households earning from 30 to 100 percent of the area median income (AMI). This varies depending on how many people you live with. Currently the AMI for New York City is $106,800 for a two-person household.
The most expensive apartment is a three bedroom for between three and seven people where the household income is from $91,920 to $165,500. The rent for this apartment is $2,545. A slightly cheaper three bedroom is available for households earning from $78,755 to $132,400 and the rent is $2,161.
The building is pet friendly and amenities include a shared laundry room and an outdoor terrace. The closest subway is 3 Ave-149 St. for the 2 and 5 trains.
The developers have set aside 50 percent of the rent-stabilized apartments for those who live in the community. There is also a 5 percent preference for NYC employees. A small percentage of apartments will be allocated to applicants with mobility, vision, and hearing needs.
Applications must be submitted online or postmarked no later than December 27th.
If you’re interested and think you might qualify for one of these apartments, you can create a profile and apply online via NYC Housing Connect. For details on this particular lottery, click here. Don’t apply more than once, or you could be disqualified.
Winning one of these rent-stabilized apartments can be life changing: Rent increases are capped and lease renewals are automatic, providing long-term affordability for NYC renters. Need more information on how the housing lottery works? Check out “6 steps for applying to NYC's affordable housing lottery.”
For some advice from successful applicants read “How to land a rental apartment through NYC's affordable housing lottery.” And if you or someone you know is having trouble with the application process, consider reaching out to a housing ambassador in the community.
Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development or the Housing Development Corporation. If you are interested in applying to these or other affordable housing developments, please go to NYC Housing Connect for information and instructions.
Have you successfully won an apartment through the affordable housing lottery? If you have first-person advice to share about the process, we’d love to hear from you. Please send us an email. We respect all requests for anonymity.
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