We have been covering the development of Alphabet Plaza for the a while now and have watched it grow before from foundation to 12 stories. As we already know, the building is expected to open sometime this year. Further, the amenities for the building are really quite nice.
Now bidding has opened at Alphabet Plaza for its 30 affordable units. As originally reported, Alphabet Plaza intended 20% of its apartments to be affordable living. 30 units are five more than the minimum 20% originally planned.
But to get access to these affordable units, there are some requirements.
The breakdown of the units available are as follows: Six studios, 18 one-bedrooms, five two-bedrooms, and one three-bedroom units. In the graphic breakdown below, you’ll get a better idea of the economic makeup needed to qualify.
The lottery will continue until February 18th. Preference will be given to municipal workers but so long as you are within the range of household earnings in comparison to the number of people that will be living there, you have a good idea if you qualify.
If you are interested in applying for one of these units go to the NYC.gov Housing Connect website. Submit your application and you’ll find out if you’ve been accepted sometime after the deadline for bidding.
In the event that you don’t qualify, there has been no announcement yet as to the status of the other 95 units in the building. But it is anticipated that they will range anywhere from $2,500 to $3,600 a month.