The affordable housing lottery is now open for 45-57 Davis Street, a nine-story mixed-use development in Long Island City, Queens. Designed by J Frankl/Charles Mallea and developed by Solomon Feder of Velocity Framers USA, the 145,000-square-foot will yield a total 158 units in a mix of studios and one-, two-, and three-bedroom units. Available on NYC Housing Connect are 48 apartments for residents at 130 percent of the area median income, ranging in eligible income from $73,920 to $183,300.
At 130 percent of the AMI, there are 12 affordable studios with a $2,156 monthly rent for incomes ranging from $73,920 to $118,300; 23 one-bedrooms with a $2,245 monthly rent for incomes ranging from $76,972 to $133,120; 12 two-bedrooms with a $2,710 monthly rent for incomes ranging from $92,915 to $159,640, and one three-bedrooms with a $3,122 monthly rent for income ranging from $107,040 to $183,300.
The YIMBY stenographer forgot to mention that the lucky gentrifier, I mean tenant is responsible for paying the electric bill to go along with the "affordable" rent.