Affordable Apartments With Swimming Pool to Rise in Murray Hill

By Heather Holland on June 16, 2014 8:13am 

 A Hertz garage will be demolished this year to make way for a 36-story residential building.
A Hertz garage will be demolished this year to make way for a 36-story residential building.
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DNAinfo/Heather Holland

MURRAY HILL — Affordable apartments with access to a swimming pool and a roof deck are coming to 40th Street, the developer said.

A former Hertz garage at 222 E. 40th St. between Second and Third avenues will be demolished this year to make way for a 36-story residential building, said Michele de Milly, who represents the property owner and developer Fisher Brothers.

Seventy-five of the project's 373 rental units will be affordable, geared toward New Yorkers making about 60 percent of the area median income (AMI), de Milly said.

A single person would need to make $35,280 to qualify for a unit, while a family of four could earn $50,340, de Milly said.

The Department of Housing Preservation and Development confirmed that the developer had submitted an application for affordable housing for the project and said the proposal was still under review. 

The price of the rentals has not been determined yet, and the design of the building is still in progress, HPD said.

The developer received a Department of Buildings permit last week to demolish the current six-story garage.

The new tower, expected to open in 2017, will offer amenities including a fitness center, swimming pool, yoga studio, lounges, a kids area, 72 parking spaces, at least 186 bike spaces and a rooftop space, de Milly said.

Some amenities will require an annual fee that will be the same for both affordable and market-rate tenants, she noted.

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