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Rent Stabilized
Waterfront Apartments
in Long Island City

THE LOTTERY IS CLOSED

5203 Center Blvd application period TBA in 2021

Program Overview

Qualified applicants will be selected through a lottery to lease rent stabilized affordable units that are rent restricted and priced for low and middle income households. The lottery is run in cooperation with TF Cornerstone, the NYC Department of Housing Preservation and Development, and NYC Housing Development Corporation.

5241 Center Blvd: The lottery is now closed.

Did you apply? Click HERE for information on next steps for the lottery selection process.

5203 Center Blvd: Lottery Dates to be announced in Spring 2021

 

Create your profile on Housing Connect today and register below for updates on the lottery for 5203 Center Blvd.

Coming Soon | 5203 Center Blvd

534 rent-stabilized units will be available to qualified applicants

AMENITIES

  • + Homework: Co-Working *
  • + BBQ Grills & Prep Kitchen *
  • + Bike Storage
  • + Laundry Facilities
  • + Selfhelp Senior Living Office
  • + Fitness Center *
  • + Club Room *
  • + Playroom *
  • + Lounge *
  • + Outdoor Terrace *
  • + Sundeck *

5241 Center Blvd

STUDIOS – 1 BEDROOMS – 2 BEDROOMS

AMENITIES

  • + Club Room *
  • + Lounge *
  • + Fitness Center *
  • + Yoga Studio *
  • + Outdoor Terrace *
  • + Laundry Facilities
  • + Bike Storage

* Subject to a monthly community fee, residents will have access to the amenities in both 5241 and 5203 Center Blvd.

* Subject to a monthly community fee, residents will have access to the amenities in both 5241 and 5203 Center Blvd.

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Do You Qualify?

See the below availabilities at 5241 Center Blvd.

% Area Median Income
(AMI) Units
Unit Size Monthly Rent 1 Units Available Household Size 2 Annual Household
Income 3
Minimum – Maximum 4
% Area Median Income
(AMI) Units
Unit Size Monthly Rent 1 Units Available Household Size 2 Annual Household
Income 3
Minimum – Maximum 4
50%
Studio
$698
20
1 Person
2 People
$26,126 – $39,800
$26,126 – $45,500
50%
1-Bedroom
$883
20
1 Person
2 People
3 People
$32,743 – $39,800
$32,743 – $45,000
$32,743 – $51,200
50%
2-Bedroom
$1,071
40
2 People
3 People
4 People
5 People
$39,909 – $45,500
$39,909 – $51,200
$39,909 – $56,850
$39,909 – $61,400
130%
Studio
$1,787
35
1 Person
2 People
$63,463 – $103,480
$63,463 – $118,300
130%
1-Bedroom
$2,244
10
1 Person
2 People
3 People
$79,406 – $103,480
$79,406 – $118,300
$79,406 – $133,120
130%
2-Bedroom
$2,704
20
2 People
3 People
4 People
5 People
$95,898 – $118,300
$95,898 – $133,120
$95,898 – $147,810
$95,898 – $159,640
165%
Studio
$2,028
34
1 Person
2 People
$71,726 – $131,340
$71,726 – $150,150
165%
1-Bedroom
$2,544
6
1 Person
2 People
3 People
$89,692 – $131,340
$89,692 – $150,150
$89,692 – $168,960

1. Rent includes gas for cooking.
2. Household size includes everyone who will live with you, including parents and children. Subject to occupancy criteria.
3. Household earnings includes salary, hourly wages, tips, Social Security, child support, and other income. Income guidelines subject to change.
4. Minimum income listed may not apply to applicants with Section 8 or other qualifying rental subsidies. Asset limits also apply.

No Broker Fee. No Application Fee. No Guarantors. Rent Stabilized. Equal Housing Opportunity, ADA Compliance

 

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Financial Benefits

Securing a rent-stabilized apartment not only means you’ll pay a much lower monthly rent: You’re also guaranteed a stabilized rent for the duration of your lease, unlike a market rate apartment.

For example, if you make 130% AMI and rent a studio apartment, your savings increase the longer you stay:

Over 5 years: $ $55,177
Over 10 years: $123,202
Over 15 years: $206,620

Market Rate
Stabilized Rent


Financial Benefits

Securing a rent-stabilized apartment not only means you’ll pay a much lower monthly rent: You’re also guaranteed a stabilized rent for the duration of your lease, unlike a market rate apartment.

For example, if you make 130% AMI and rent a one-bedroom apartment, your savings increase the longer you stay:

Over 5 years: $83,139  
Over 10 years: $184,618
Over 15 years: $307,984

Market Rate
Stabilized Rent


Financial Benefits

Securing a rent-stabilized apartment not only means you’ll pay a much lower monthly rent: You’re also guaranteed a stabilized rent for the duration of your lease, unlike a market rate apartment.

For example, if you make 130% AMI and rent a two-bedroom apartment, your savings increase the longer you stay:

Over 5 years: $122,432
Over 10 years: $268,865
Over 15 years: $443,623

Market Rate
Stabilized Rent


Financial Benefits

Securing a rent-stabilized apartment not only means you’ll pay a much lower monthly rent: You’re also guaranteed a stabilized rent for the duration of your lease, unlike a market rate apartment.

For example, if you make 165% AMI and rent a studio apartment, your savings increase the longer you stay:

Over 5 years: $40,021
Over 10 years: $91,024
Over 15 years: $155,323

Market Rate
Stabilized Rent


Financial Benefits

Securing a rent-stabilized apartment not only means you’ll pay a much lower monthly rent: You’re also guaranteed a stabilized rent for the duration of your lease, unlike a market rate apartment.

For example, if you make 165% AMI and rent a one -bedroom apartment, your savings increase the longer you stay:

Over 5 years: $64,273  
Over 10 years: $144,562
Over 15 years: $244,130

Market Rate
Stabilized Rent


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Explore The Community

The park starts at your door. Anchored by a new half-acre park and a stone’s throw from the Hunter’s Point South Ferry Terminal, 5203 & 5241 Center Blvd are conveniently located along the newly revitalized parklands and shoreline of the Long Island City waterfront in Hunter’s Point South. Your new home is steps away from pedestrian bridges and bike pathways, a kayak launch, exercise and picnic terraces, a 30 foot high cantilevered look-out platform offering views of the Manhattan skyline and East River, new playgrounds, dog runs, volleyball and basketball courts, and a growing collection of Public Art.

Make a Selection to Explore the Community

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  • Parks/Green Spaces

  • Schools

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