Apply for brand new apartments as low as $588/mo for 2 bedrooms near Yankee Stadium

A lottery has opened for 225 brand new affordable apartments just blocks from Yankee Stadium.

Located at 1164 River Avenue at the 167th Street Station on the 4 subway line, the development is one of three going up on that block and the first to be nearing completion.

1164 River Avenue rises above a bustling and vibrant community at 167th Street

The 17-story development was also the second proposed development announced once the controversial Jerome Avenue Rezoning was approved in 2018 which would pave the way for the displacement of dozens of automotive shops and small businesses.

Available apartments range from studios as low as $375 a month to three-bedroom apartments at $672 a month for qualifying households making 30% of the Area Median Income (AMI) and each apartment will have access to free broadband internet access.

Breakdown of available apartments are as follows:

30%

  • $375 a month for studios for households making $15,429-$28,020
  • $481 a month for 1 bedroom units for households making $19,372-$36,030
  • $589 a month for 2 bedroom units for households making $23,932-$43,230
  • $672 a month for 3 bedroom units for households making $27,703-$49,650
1164 River Avenue (left) is one of three developments going up on one block as a result of the 2018 Jerome Avenue Rezoning.

40%

  • $535 a month for studios for households making $20,915-$42,720
  • $681 a month for 1 bedroom units for households making $26,229-$48,040
  • $828 a month for 2 bedroom units for households making $32,160-$57,640
  • $949 a month for 3 bedroom units for households making $37,200-$66,200

50%

  • $696 a month for studios for households making $26,435-$53,400
  • $881 a month for 1 bedroom units for households making $33,085-$60.050
  • $1,069 a month for 2 bedroom units for housholds making $40,423-$72,050
  • $1,227 a month for 3 bedroom units for households making $46,732-$82,750
A bathroom at 1164 River Avenue

60%

  • $909 a month for studios for households making $33,738-$64,080
  • $1,143 a month for 1 bedroom units for households making $42,069-$72,060
  • $1,366 a month for 2 bedroom units for housholds making $50,606-$86,460
  • $1,570 a month for 3 bedroom units for households making $58,492-$99,380

70%

  • $1,080 a month for studios for households making $39,600-$74,760
  • $1,356 a month for 1 bedroom units for households making $49,372-$84,070
  • $1,672 a month for 2 bedroom units for housholds making $59,383-$100,870
  • $1,865 a month for 3 bedroom units for households making $68,606-$115,850

80%

  • $1,176 a month for studios for households making $42,892-$85,440
  • $1,481 a month for 1 bedroom units for households making $53,658-$96,080
  • $1,789 a month for 2 bedroom units for housholds making $65,109-$115,280
  • $2,059 a month for 3 bedroom units for households making $75,258-$132,400
Typical kitchen at 1164 River Avenue/via Housing Connect

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.

How to Apply

For those interested in applying, you have until June 27, 2022 and you can do so online or you can request an application by mail by sending a self-addressed envelope to: River Crest Apartments c/o Wavecrest Consulting LLC, 87-14 116th Street, Richmond Hill, NY 11418.

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.

1164 River Avenue, along with the other two buildings dwarf the 4 subway line. As development continues along the avenue, Jerome and River Avenues will undoubtedly get darker and darker.

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 4 (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!

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