The 116 affordable units at One West End Avenue are about to hit NYC’s housing lottery
The gleaming high rise at Elad and Silverstein’s One West End Avenue is edging toward completion, and predictably, its units are not going cheap: according to StreetEasy, apartments are starting at $1.52 million and going all the way up to $21 million.
But there is hope yet: starting tomorrow, aspiring Upper West Siders who meet specific income requirements can apply for one of the Pelli-Clarke-Pelli-designed project’s 116 "affordable" apartments. (h/t 6sqft) Technically, the affordable units are in their own separate building, an eight-story stone structure underneath the 41-story "floating glass tower" that houses the million dollar listings.
You won’t exactly be hobnobbing with the market-rate residents, though; as with its neighbor, the affordable units have their own separate address, 10 Freedom Place, which served by its own separate entrance. (On the bright side, it’s supposed to be a really, really nice separate entrance?) The below-market apartments will also have access to a host of (separate, obviously) amenities, including a fitness center, bike storage, a laundry room. In an unexpected twist, the rooftop courtyard will be shared by tenants of all income levels.
Affordable rental units range from $833/month for single-occupancy studios, earmarked for prospective tenants making between $29,898 and $38,100 annually, to $1,458/month two-bedrooms, which require a minimum annual income of $51,395 and $72,480 for a family of four. Applications are due by November 1; the full details are here.