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Old 10-01-2018, 01:16 PM
 
Location: Eric Forman's basement
1,901 posts, read 1,971,013 times
Reputation: 976

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The building is a bonanza for the 60% AMI crowd! It's the only bracket, and lots and lots of apartments are up for grabs. And current residents of Manhattan CB7 have preference.

Good luck to all! It looks like a nice one.

https://a806-housingconnect.nyc.gov/...entPdf/599.pdf
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Old 10-01-2018, 01:19 PM
 
1,210 posts, read 1,266,471 times
Reputation: 255
Interesting that it is only 60% units. 10 Freedom Place, which is right there, also had 80% AMI units.


If you are in CB7 (the entirety of the UWS), you will almost certainly called if your income falls within the bracket. So make sure you put yourself in a position to qualify!
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Old 10-01-2018, 01:20 PM
 
Location: New York, NY
2,609 posts, read 2,125,814 times
Reputation: 1524
God, yes is it a beautiful building! Too bad that this lottery will only serve the 60% crowd
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Old 10-01-2018, 01:22 PM
 
Location: Eric Forman's basement
1,901 posts, read 1,971,013 times
Reputation: 976
More info from Curbed:

https://ny.curbed.com/2018/10/1/1792...terline-square
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Old 10-01-2018, 01:26 PM
 
1,210 posts, read 1,266,471 times
Reputation: 255
Do these units also have "poor doors"? I don't know if the respective regulatory agreements for these buildings were executed before the "poor door" loophole was closed.


Edit: Guess not! It says 24 hour doorman! And washer/dryer in unit! That's incredible! https://a806-housingconnect.nyc.gov/...entPdf/599.pdf
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Old 10-01-2018, 01:29 PM
 
149 posts, read 120,896 times
Reputation: 24
I don’t qualify now. But maybe I get a new job that just happens to pay 3k less. Lol
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Old 10-01-2018, 01:31 PM
 
7,750 posts, read 5,049,445 times
Reputation: 8807
We don't need more rentals.

Preference for a percentage of units goes to:
o Residents of Manhattan Community Board 7 (50%)*
o Municipal employees (5%)
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Old 10-01-2018, 01:41 PM
 
Location: New York, NY
2,609 posts, read 2,125,814 times
Reputation: 1524
That's a hell of a lot of apartments they're giving up for this lottery. Good luck for whoever wins!
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Old 10-01-2018, 01:54 PM
 
1,313 posts, read 588,834 times
Reputation: 438
Quote:
Originally Posted by Mr. Ryu View Post
We don't need more rentals.

Preference for a percentage of units goes to:
o Residents of Manhattan Community Board 7 (50%)*
o Municipal employees (5%)
The other buildings are condos selling for a almost 2 mil - to over 17 mil
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Old 10-01-2018, 01:56 PM
 
7,750 posts, read 5,049,445 times
Reputation: 8807
Quote:
Originally Posted by Marshabrady View Post
The other buildings are condos selling for a almost 2 mil - to over 17 mil
We should have been druglords. We could have cleaned our money buying up these condos...

For $2 Million you could probably buy 10 homes or a couple of townhouses.
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