Affordable housing lottery for a brand new development in Soundview is now open and accepting applications.
Located at 1230 Metcalf Avenue, Metcalf Avenue Apartments is a 11 story development with 223 units ranging from studios to 3 bedroom units across 219,546 square feet and is just a few blocks away from the Morrison Avenue-Soundview station on the 6 line.
These units are available for a wide range of incomes offering deeply affordable units with rents as low as $354 for studios for those making 30% of the AMI ($14,640-$27,300 a year) to rents as high as $2,346 for three bedroom units for those making 110% of the Area Median Income ($85,098-$155,100 a year).
Oh and did we mention that each unit comes with its own dishwasher and air conditioning?
Unit breakdown, rents and income requirements are as follows:
30% Area Median Income
| Layout | # Units | Monthly Rent | Household Size and Income Requirements |
| Studio | 2 units | $354 | 1 person: $14,640 – $23,880 2 person: $14,640 – $27,300 |
| 1 Bedroom | 12 units | $456 | 1 person: $18,480 – $23,880 2 people: $18,480 – $27,300 3 people: $18,480 – $30,720 |
| 2 Bedroom | 9 units | $557 | 2 people: $22,835 – $27,300 3 people: $22,835 – $30,720 4 people: $22,835 – $34,110 5 people: $22,835 – $36,840 |
| 3 Bedroom | 2 units | $637 | 3 people: $26,503 – $30,720 4 people: $26,503 – $34,110 5 people: $26,503 – $36,840 6 people: $26,503 – $39,570 7 people: $26,503 – $42,300 |
50% Area Median Income:
| Layout | # Units | Monthly Rent | Household Size and Income Requirements |
| Studio | 6 units | $667 | 1 person: $25,372 – $39,800 2 people: $25,372 – $45,500 |
| 1 Bedroom | 20 units | $848 | 1 person: $31,920 – $39,800 2 people: $31,920 – $45,500 3 people: $31,920 – $51,200 |
| 2 Bedroom | 18 units | $1,027 | 2 people: $38,949 – $45,500 3 people: $38,949 – $51,200 4 people: $38,949 – $56,850 5 people: $38,949 – $61,400 |
| 3 Bedroom | 5 units | $1,179 | 3 people: $45,086 – $51,200 4 people: $45,086 – $56,850 5 people: $45,086 – $61,400 6 people: $45,086 – $65,950 7 people: $45,086 – $70,500 |
70% Area Median Income
| Layout | # Units | Monthly Rent | Household Size and Income Requirements |
| Studio | 6 units | $980 | 1 person: $36,103 – $55,720 2 people: $36,103 – $63,700 |
| 1 Bedroom | 20 units | $1,239 | 1 person: $45,326 – $55,720 2 people: $45,326 – $63,700 3 people: $45,326 – $71,680 |
| 2 Bedroom | 19 units | $1,496 | 2 people: $55,029 – $63,700 3 people: $55,029 – $71,680 4 people: $55,029 – $79,590 5 people: $55,029 – $85,960 |
| 3 Bedroom | 5 units | $1.722 | 3 people: $63,703 – $71,680 4 people: $63,703 – $79,590 5 people: $63,703 – $85,960 6 people: $63,703 – $92,330 7 people: $63,703 – $98,700 |
90% Area Median Income
| Layout | # Units | Monthly Rent | Household Size and Income Requirements |
| Studio | 6 units | $1,184 | 1 person: $43,098 – $71,640 2 people: $43,098 – $81,900 |
| 1 Bedroom | 27 units | $1,494 | 1 person: $54,069 – $71,640 2 people: $54,069 – $81,900 3 people: $54,069 – $92,160 |
| 2 Bedroom | 23 units | $1,802 | 2 people: $65,520 – $81,900 3 people: $65,520 – $92,160 4 people: $65,520 – $102,330 5 people: $65,520 – $110,520 |
| 3 Bedroom | 6 units | $2.075 | 3 people: $75,806 – $92,160 4 people: $75,806 – $102,330 5 people: $75,806 – $110,520 6 people: $75,806 – $118,710 7 people: $75,806 – $126,900 |
110% Area Median Income
| Layout | # Units | Monthly Rent | Household Size and Income Requirements |
| Studio | 5 units | $1,340 | 1 person: $48,446 – $87,560 2 people: $48,446 – $100,100 |
| 1 Bedroom | 15 units | $1,689 | 1 person: $60,755 – $87,560 2 people: $60,755 – $100,100 3 people: $60,755 – $112,640 |
| 2 Bedroom | 14 units | $2,036 | 2 people: $73,543 – $100,100 3 people: $73,543 – $112,640 4 people: $73,543 – $125,070 5 people: $73,543 – $135,080 |
| 3 Bedroom | 3 units | $2,346 | 3 people: $85,098 – $112,640 4 people: $85,098 – $125,070 5 people: $85,098 – $135,080 6 people: $85,098 – $145,090 7 people: $85,098 – $155,100 |
The development also has a wide range of amenities like a playground, a party room, outdoor space, a children’s playroom, outdoor terrace, and a rooftop terrace. This development is also pet friendly which is not too common in these lotteries.
It’s also constructed under “Passive House” guidelines which is the highest environmental sustainability certification which provides for excellent indoor air quality and highly energy efficient heating and cooling.
In order to apply, go here and remember, do not contact us as we are NOT affiliated with this or any other real estate development as we are NOT a real estate company.
You have until February 8, 2021 to apply.
Good luck!
This post was last modified on December 23, 2020 12:07 pm
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