Brand-new apartments now available in The Bronx as low as $397 a month

MELROSE—A brand-new residential housing development in the South Bronx is now accepting applications via New York City’s Housing Connect lottery system for affordable housing.

Located at 740 Brook Avenue at E 156th Street in the Melrose area of the South Bronx, Brook Avenue Apartments actually offers not only rents that are truly affordable but income requirements for a number of units more in-line with the actual Area Median Income of the neighborhood.

Brook Avenue Apartments offers several amenities including a dishwasher in all units, air conditioning coupled with smart controls for heating and cooling, a recreation room, outdoor spaces including an outdoor terrace, and perhaps best of all, it is a pet-friendly development.

The development is easily accessible by multiple modes of transportation including several bus lines and just a short walk to the 2 and 5 subway at 3rd Avenue and 149th Street as well as CitiBike. It’s also located just a few blocks away from the new YMCA at La Central as well as not one but two Blink Fitness centers and a Planet Fitness not to mention all the shopping that’s available just steps away at The Hub.

Breakdown of the 42 residential units available are as follows:

30%

• $397 a month for studios for households making $16,183-$32,040
• $503 a month for 1 bedroom units for households making $20,126-$36,030
• $598 a month for 2 bedroom units for households making $24,275-$43,230

40%

• $567 a month for studios for households making $22,012-$42,720
• $717 a month for 1 bedroom units for households making $27,463-$48,040
• $854 a month for 2 bedroom units for households making $33,052-$57,640
• $978 a month for 3 bedroom units for households making $27,875-$66,200

50%

• $738 a month for studios for households making $27,875-$53,400
• $930 a month for 1 bedroom units for households making $37,766-$60,050
• $1,100 a month for 2 bedroom units for households making $41,829-$72,050
• $1,274 a month for 3 bedroom units for households making $48,343-$82,750

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 households making $50,606-$86,460
• $1,570 a month for 3 bedroom units for households making $58,492-$99,300

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
• $1,622 a month for 2 bedroom units for households making $59,383-$100,870
• $1,865 a month for 3 bedroom units for households making $68,606-$115,850

80%

• $1,250 a month for studios for households making $45,429-$85,440
• $1,570 a month for 1 bedroom units for households making $56,709-$96,080
• $1,878 a month for 2 bedroom units for households making $68,160-$115,280
• $2,161 a month for 3 bedroom units for households making $78,755-$132,400

100%

• $1,847 a month for 1 bedroom units for households making $66,206-$120,100
• $2,545 a month for 3 bedroom units for households making $91,920-$165,500

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 December 27, 2022 and you can do so online or you can request an application by mail by sending a self-addressed envelope to: Brook Avenue Apartments c/o Phipps Houses 353 Third Avenue, Box 257, New York, NY 10010

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 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!