Half of these 30 units are reserved for residents of Community Board 1, roughly meaning people who live south of a line connecting Canal Street, Pearl Street, and the Brooklyn Bridge. Preference will also be given to municipal employees and applicants with disabilities. In the likely event that the number of legally qualified candidates is greater than the number of apartments, winners will be selected by lottery.
Available apartments include nine studios, ten one-bedrooms, and 11 two-bedroom units. Rents for the affordable apartments at 60 Fulton Street will range from as little as $613 per month (for a studio, with a household size of one person), to as much as $2,733 (for a two-bedroom, with a household size of four people). The income guidelines allow for earnings of $22,903 to $26,720 (for a studio with one person), up to between $95,692 and $124,020 (for a two-bedroom unit with four people). In all cases, rent includes heat and gas for cooking.
Apartments at 60 Fulton that are not subject to affordability regulations are currently being offered at $2,650 (for studios), $3,700 (for one-bedrooms), and $5,290 (for two-bedrooms).
The affordable apartments at 60 Fulton span a range of eligible incomes, because blocks of these units are set aside for applicants in three separate categories of earnings: 12 apartments are available for tenants earning 40 percent of New York’s area median income (AMI), 12 more are reserved for those earning 60 percent of the same metric, and another six are being held for people earning 130 percent of that baseline.
Applications must be postmarked or submitted online no later than April 23, 2018.
To request an application by mail, send a self-addressed envelope to: 60 Fulton, c/o Housing Partnership Development Corporation, 242 West 36th Street, 3rd Floor, New York, NY 10018.
The 23-story luxury building at 60 Fulton is being designed by Hill West Architects, and will contain 120 apartments, with 90 being offered at market rents. The building, which is being branded as “the Exhibit” (a reference to the collection of photography and other art pieces that will be on permanent display throughout the tower) will house a fitness center, bike storage room, children’s playroom, and a resident’s lounge that tenants of the affordable units will be able to use for an additional fee. The building is expected to welcome affordable tenants later this year.