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Rent Stabilized
Waterfront Apartments
in Long Island City

THE LOTTERY IS OPEN!

Create your account and apply on NYC Housing Connect. Accepting applications for 5241 Center Blvd until November 23, 2020

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: Accepting applications from 9/23/2020 to 11/23/2020

5203 Center Blvd: Application period TBA in 2021

5241 Center Blvd | South Tower

STUDIOS – 1 BEDROOMS – 2 BEDROOMS

If your total Household Income is between $26,126 – $168,960, you could qualify for a rent-stabilized apartment in a brand new, full service luxury building in a prime location on LIC’s waterfront: Go to NYC Housing Connect to view all details and create your account today!

Studios
(89 Available)
1-Bedroom
(36 Available)
2-Bedroom
(60 Available)
$698 – $2,028 $883 – $2,544 $1,071 – $2,704

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.

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 *

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

Do You Qualify?

See the below availabilities at 5241 Center Blvd; if your combined Household Income meets the requirements, create your account and apply for 5241 Center Blvd Apartments through NYC Housing Connect. The Lottery is now open, with an application deadline of 11/23/2020.

% 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 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: $140,235 
Over 10 years: $307,206
Over 15 years: $505,659

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, 5241 & 5203 Center Blvd are conveniently located along the newly revitalized parklands and shoreline of the Long Island 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

  • Transportation

Stay Updated

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