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Luxury Roosevelt Avenue Building Opens Lottery for Affordable Units

By Katie Honan | February 6, 2014 9:33am
 The exterior of The Roosevelt, which is offering six affordable units.
The exterior of The Roosevelt, which is offering six affordable units.
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DNAinfo/Katie Honan

JACKSON HEIGHTS — The city has opened up a lottery for affordable housing inside The Roosevelt, a luxury apartment building next to the 7 train on Roosevelt Avenue.

The building, between 73rd and 74th streets, is offering six units on lower floors through the city's affordable housing program, administered through the Department of Housing Preservation and Development.

One- and two-bedroom units start as low as $860 a month for those who meet the eligibility requirements.

That's a steep discount compared with other units in the building, which draw monthly rents that start at $2,400 for one-bedrooms and climb to $4,100 for a penthouse unit with a large outdoor deck.

There are five two-bedroom apartments available and one single bedroom through the lottery, according to HPD.

The one-bedroom apartment is available for households that include one or two people, with incomes ranging from $29,000 to $41,280.

The two-bedroom apartments, for households of two to four people, start renting at $1,146 and go up to $1,171.

Income requirements for those units range from $29,486 and $51,540, depending on the size of the apartment.

Each apartment features outdoor space, with some units adjacent to the 7 train platform. The building also features coin-operated laundry machines, a live-in super and parking available for an extra fee.

It's also only steps from the busy 74th Street transit hub, with stops for the E,F,M,R and 7 trains and multiple buses.

Potential renters can apply through the city's Housing Connect program. For a full list of other available units, visit the Housing Connect website.