Sprawling midtown project Hudson Yards isn't expected to be completed until 2020, but hundreds of apartments in and around the development are already up for grabs. On Tuesday, housing lottery applications opened up for the latest batch of residential units in the area, with rents cheap enough to make you want to smack your landlord across the face.
A total of 90 apartments at the newly constructed 555TEN building (555 Tenth Avenue) are available through the lottery, including 10 studios with rents of just $613 per month. To qualify for one of those thrifty units, applicants must have a household income of between $22,903 and $26,720. There are also 33 one-bedroom units going for $659 per month, 15 two-bedrooms at $790 and two three-bedrooms at $875. The income requirements for those apartments range from $24,549 to $44,280.
Another 30 more expensive units in the building are also available through the lottery, ranging in price from $1,949 for a studio to $2,875 for a three-bedroom. Applicants for those apartments are required to earn 120 percent of the median income for the area (read: between $68,709 and $132,840).
555TEN is not your Hell's Kitchen building of yore. The place has a rooftop pool (shown above), a 24-hour gym, a bowling alley, dog care services and many, many more features that accompany any well-calculated gentrification effort.
The application deadline for the lottery is October 23, and interested parties can take their first step toward ridiculously cheap rent here.