Roosevelt Island Luxury Riverwalk Building Affordable Housing Waiting List Reopens For 25 Units, Get Your Application In Now - Also, New Hudson Related Roosevelt Island Rivewalk 341 Unit Affordable Housing Building Under Construction, Winter 2021 Planned Open Date

A Roosevelt Island tipster forwards this email obtained from Related Management announcing the re-opening of waiting list for affordable housing apartments in the Riverwalk Landing #4 (425 Main Street)

luxury apartment building.

Dear Applicant,

Thank you for your interest in Riverwalk Landing #4.  This exciting complex on Roosevelt Island has opened its waiting list for studio, one, and two-bedroom apartments under an affordable housing program.  Riverwalk Landing #4 is a luxury site featuring spacious modern apartments with a washer/dryer in each unit, a 24-hour attended lobby, on-site resident manager, health club, children’s playroom, rooftop party room and storage bins.  (Please note that some amenities require a fee.)  Roosevelt Island has easy access to both Manhattan and Queens.   

Enclosed is a preliminary application.  Please read through all sections carefully and print your responses clearly and thoroughly.  All areas of the application must be completed where applicable or it cannot be processed. 

The above-mentioned apartments are being made available to households with the following annual minimum and maximum income levels:

In regard to unit assignments, please note that a 2-person per bedroom standard will be applied for maximum occupancy consideration and that a 1-person per bedroom standard will be applied for minimum occupancy consideration.  Example:  A 3-person household may be considered for a 2-bedroom or 3-bedroom unit if the site has those unit types available.  Your application will only be considered for those unit sizes you check on the front page of the application.

Completed applications will be logged on a first-come first-served basis. 

When completed, this application may be returned by regular mail to the address below, or by email to ahgadmin@related.com.

Only the application should be submitted at this time. If your application is selected for further processing, additional information will be requested at that time.

If any applicant willfully submits false information, misrepresentations, or incomplete information, his/her application will be rejected.

Please make sure the head-of-household has filled out the entire application as completely and accurately as possible, signs the application, and then sends it to:  

Related Management

PMB #6174

1 Penn Plaza

New York, NY  10119

We look forward to receiving your application.

Very Truly Yours,

Related Management

The Tipster adds:

I hope lots of islanders apply ASAP.

According to Related representatives:

... they’re reopening the waiting list for building 4, Riverwalk Landing, which has 25 affordable units. Usually what happens is that there’s an initial list from the initial lottery, and at some point it gets stale or depleted and they re-open it.

but none of the units are currently available.

Below is the application for Roosevelt Island 425 Main Street Building 4 affordable housing units.

Riverwalk Landing Affordable Housing Application

As previously reported, Hudson Related currently has under construction across the street from 425 Main Street at 460 Main Street,

a 341 unit affordable housing building scheduled to open in December 2020/January 2021:

.... Riverwalk 8 is the eighth building completed by Hudson and the Related Companies in the Riverwalk neighborhood. The building’s 341 units are available exclusively to low-income, middle, and moderate income households ranging from 40 to 165% of AMI. The building contains a fitness center, yoga studio, children’s playroom, bike storage, party lounge, game room, library, and a 24-hour attended lobby....

... In late spring/summer 2020 Hudson Related will begin local media advertising, distribute flyers and conduct informational seminars on how to apply for the affordable housing units using NYC Housing Connects. 4 months prior to the expected start of unit leasing, the Housing Connects lottery will commence. Leasing is expected to begin in December 2020/January 2021....

Hudson Related is expected to post a web site this September with unit types, income ranges and projected rents for Riverwalk 8 at 460 Main Street.

Here's Hudson Related's David Kramer talking about currently under construction Riverwalk Building 8 and the future market rate rental Riverwalk Building 9 during May 29, 2019 Roosevelt Island Operating Corp (RIOC) Real Estate Development Advisory Committee meeting.



In January 2019, RIOC reported:

... The apartment quantity by size in Southtown Building 8 is broken down as follows:

• 81 - studio
• 158 - 1BR
• 51 - 2 BR
• 50 - 3 BR

Depending on family and apartment size, income-level based rents (calculated based on the AMI) will vary from a minimum of $505 a month for a studio; to $3,431 for a three-bedroom....

More info on Riverwalk Building 8 at this prior post.