New York City’s affordable housing lottery is now open for a new residential development in the Bedford park neighborhood of The Bronx.
Located at 16 E 204th Street at the corner of Jerome, Villa Gardens is a 12 story, 52 unit development with a mix of studios, 1, 2, and 3 bedroom units.
The affordability levels are not as deep and are geared more towards middle income families with units set aside for households making 60%, 90%, and 100% of the Area Median Income, or AMI.
Rents start out as low as $736 for a studio unit for those making 60% AMI and go up as high as $2,066 for a 3 bedroom for families making 100% of the AMI.
Villa Gardens doesn’t have much to offer in terms of amenities which are limited to rooftop and outdoor recreation areas, bike room and laundry but what it doesn’t have onsite is made up for by all the nearby attractions.
Within a few blocks you have Lehman College, the Jerome Park Reservoir, Van Cortlandt Park, NYC’s third largest park, Mosholu Parkway with its verdant strip of trees and grass, Williamsbridge Oval and so much more.
It’s also one block from the 4 train at Bedford Park Boulevard and Jerome and the and three blocks from the B and D trains at the Grand Concourse and Bedford Park Boulevard.
Please do NOT contact Welcome2TheBronx as we are not affiliated with this or any development. We’re only sharing the news with you.