What's Happening?
A new luxury rental building in Marble Hill, New York, has opened a housing lottery for 35 middle-income apartments. Located at 170 West 225th Street, The Danby offers modern residences with amenities such as a rooftop deck with views of the Harlem River.
The building, developed by Timber Equities and designed by Marin Architects, includes 115 residences in total. The apartments are available to New Yorkers earning 130 percent of the area median income, with prices ranging from $3,180 per month for one-bedroom units to $3,330 for two-bedroom units. The building features a parking garage, fitness center, co-working lounge, and more. Applications for the lottery are open until March 16, 2026.
Why It's Important?
This development is significant as it provides middle-income housing options in a city where affordable housing is a critical issue. The availability of such apartments can help alleviate some of the housing pressures faced by New Yorkers, particularly those who earn too much to qualify for traditional affordable housing but still struggle with the high cost of living in the city. The inclusion of modern amenities and convenient access to public transportation makes these apartments attractive to potential tenants, potentially setting a precedent for future developments in the area.
What's Next?
Interested applicants have until March 16, 2026, to apply for the lottery. The outcome of this lottery could influence future housing projects in New York City, particularly in terms of how developers balance luxury with affordability. The response to this lottery may also provide insights into the demand for middle-income housing in the city, potentially guiding future urban planning and housing policies.
