The Lottery begins today for the affordable rentals coming to the Upper West Side @ 21 West End Avenue.
It will be for a new 43-story rental building on West End Avenue between 60th and 61st, with a two-bedroom apartment renting for as little as $735 a month. The 127 apartments are available to people who make a range of incomes depending on the size of the apartment and the size of the person’s family. Residents of Community Board 7 will get preference for half of the spots.
For an additional fee, there’s a fitness center, a pool, recreation areas and a terrace. There will also be a new public school on the first floor.
In total, the building will have 616 apartments, and the affordable apartments will be scattered throughout the building instead of housed in their own section. It’s being developed by the Dermot Company. A market rate studio will go for about $3,700, or $90 a square foot, according to a New York Times article last year. The deadline to apply is November 12. [WSR]