Brand new apartments now available as low as $650 a month for 3 bedroom units on the Grand Concourse

MOTT HAVEN—Applications are now being accepted for 277 brand-new apartments in the tallest building on the Grand Concourse via New York City’s Housing Connect affordable housing lottery website.

Located at 425 Grand Concourse, at the site of the tragically demolished landmarked PS 31 aka ‘Castle on the Concourse’, the 26-story building is also currently the largest Passive House in North America which means that not only does the building have superior energy efficiency throughout but also has a greatly reduced carbon footprint when compared to similar buildings of its size, thus lessening its impact on the environment.

The $175 million development has studios, 1, 2, and 3 bedroom units for households making anywhere from 30 to 130% of the Area Median Income making it a very mixed-income project.

On the lower range of household income requirements, you can expect to find studios as low as $362 a month, $465 a month for 1 bedroom apartments, $569 for 2 bedrooms, and $650 for 3 bedroom apartments.

Unit breakdown and rents per category are as follows:

30%

• $362 a month for studios for households making $15,360-$25,080 (5 units)
• $465 a month for 1 bedroom units for households making $19,360-$32,220 (9 units)
• $569 a month for 2 bedroom units for housholds making $23,966-$38,670 (9 units)
• $650 a month for 3 bedroom units for households making $27,840-$44,400 (5 units)

40%

• $522 a month for studios for households making $20,846-$38,200 (9 units)
• $665 a month for 1 bedroom units for households making $26,160-$42,960 (18 units)
• $809 a month for 2 bedroom units for housholds making $32,195-$51,560 (19 units)
• $927 a month for 3 bedroom units for households making $37,338-$59,200 (9 units)

70%

• $1,003 a month for studios for households making $37,338-$66,850 (9 units)
• $1,265 a month for 1 bedroom units for households making $46,732-$75,180 (18 units)
• $1,530 a month for 2 bedroom units for housholds making $56,915-$90,230 (20 units)
• $1,760 a month for 3 bedroom units for households making $65,898-$103,600 (8 units)

100%

• $1,212 a month for studios for households making $44,503-$95,500 (6 units)
• $1,526 a month for 1 bedroom units for households making $55,680-$107,400 (14 units)
• $1,843 a month for 2 bedroom units for housholds making $67,646-$128,900 (13 units)
• $2,121 a month for 3 bedroom units for households making $78,275-$148,000 (8 units)

130%

• $1,532 a month for studios for households making $55,475-$124,150 (12 units)
• $1,926 a month for 1 bedroom units for households making $69,395-$139,620 (23 units)
• $2,323 a month for 2 bedroom units for housholds making $84,103-$167,570 (23 units)
• $2,675 a month for 3 bedroom units for households making $97,303-$192,400 (11 units)

Please note, for each unit, there are other requirements such as number of people per household and further income requirements based on household size so refer to the Housing Connect website for further details.

As you can see from the above rents and income requirements, this development will be a very mixed-income development.

The building also offers a number of amenities such as a dishwasher in every apartment, a gym for residents, outdoor terrace, community center, a shared laundry room, and not to mention that apartments on the higher floors will have beautiful views of The Bronx and the city.

It’s also located just steps away from the 149th Street Grand Concourse station on the 2, 4, and 5 lines which is one stop from Manhattan and 15 minutes to midtown and the station is currently undergoing elevator installation to make it fully ADA accessible.

How to Apply

For those interested in applying, you have until April 11, 2022 and you can do so online or you can request an application by mail by sending a self-addressed envelope to: 1350 Broadway, Suite 1700, New York, NY 10018.

Remember, you can only apply ONCE and you may not apply both online and by mail. Applying more than once can and will disqualify you according to the lottery rules.

5% of units are set aside for individuals with mobility issues and 2% for those with vision and/or hearing impairments. 50% preference for residents of Community Board 1 (to see which community board you live in, click here), and 5% for New York City employees.

Also, please note: We are NOT connected with this or any other real estate developments and cannot assist you in obtaining an apartment so please do not contact us regarding these units.

Good luck to all who apply!