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Sweating the latest rent hike approval? Another luxury building on the border of Hudson Yards and Hell’s Kitchen has just hit the housing lottery market. Let’s step inside the brand-new apartments and abundant amenities of the Lyra.
The sky-high, 52-story building is located at 555 W38th Street (and 11th Avenue), next to the Javits Center and close to the Hudson Yards 7 train stop. It was developed by Rockrose Development Corp, designed by Pelli Clarke & Partners with SLCE Architects and features top-of-the-line contemporary interiors by MdeAS Architects, including oakwood flooring, central heat and air conditioning, stainless steel and chrome kitchen appliances with quartz countertops, in-unit dishwashers and, the New York holy grail — in-unit washer/dryers!!
Amenities include two resident lounges, with a catering-friendly event space, a solarium co-working space, a significant fitness center boasting panoramic, 32nd floor views, a squash court, a golf simulator, pet grooming area, bike storage, and rooftop with private cabanas, BBQ grills, a fire pit, and expansive Hudson River and city skyline views.
Of the 590 units, 177 will be restricted to applicants making between 70 to 130 percent of the median area income — in this case between $47,966 and $187,330 depending on the size of household and unit.
Studios in the 70 percent income units are priced at $1,399/month for applicant households with one to two people and income ranges between $47,966 and $74,760. One bedrooms in the same category are priced at $1,495 for households of one to three people making between $51,258 and $84,070. Two bedrooms are priced at $1,786 for households with two to five people making between $61,235 and $100,070.
Units in the 130 percent income lottery are priced as follows: studios go for $2,433 a month for households of one to two people making between $83,418 and $138,840. One bedrooms are listed at $2,714 for households of one to three people making between $93,052 and $156,130. Two bedrooms are priced at $3,397 for households between two and five people making between $116,469 and $187,330. As for the market rate units, while they are not yet listed, the average West Side one bedroom is currently priced at $4,200/month.
The lottery is open until August 16, 2022 — full qualifications and a link to the application on NYC Housing Connect can be found here.