Frequently Asked Questions (FAQ).
Q: What is a middle-income apartment?A: Good question. A middle-income apartment is a type of income-restricted apartment available through housing programs developed in partnership with the City of New York. Middle income apartments are designed to offer high quality NYC apartments at below market rent to income-eligible applicants.
Q: What do I need to do to apply?
A: For an easy how-to, check out our “How To Apply” page, here.
Q: Is 530 West 45th Street really a new building with rent-stabilized apartments?
A: Yes, really. All of our affordable apartments are brand-new units with modern amenities in a new development, in a rent-stabilized Hell’s Kitchen apartment building.
Q: Do I need to pay you a broker fee?
A: Nope. These are no-fee rentals. Our leasing team represents the owner directly and does not require that any renter pay us a fee. You can contact a member of our team at 212-247-0291. Note that if you bring your own agent with you to see the building, you may be required to compensate that agent with up to one-half month rent.
Q: How do I know if I qualify for a middle-income rental apartment?
A: We’ve put together a handy income table for you here to get a sense of whether you can qualify for a new rent-stabilized apartment.
Q: What kind of income documentation am I going to need?
A: Our “How To Apply” page has the list available here.
Q: I’m having a hard time figuring out if I qualify. How do I calculate my income?
A: Our advice? Give us a call at 212-247-0291. Our affordable leasing team members are experts at decoding your income, and will help you determine if you are eligible for a middle income apartment at our new development rental building.
Q: Do I get to choose my apartment?
A: As long as there is more than one unit remaining that you qualify for. We do have multiple layouts.
Q: How long will it take for my application to be approved?
A: After you pick your rent-stabilized apartment and submit your application, your leasing agent will determine whether you meet the eligibility criteria. If so, you can sign your lease and schedule your move-in.
Q: Am I allowed to have a roommate / roommates at 530 West 45th Street?
A: Yes. The New York City middle-income housing programs allows for roommates to apply and live together as long as they are financially interdependent, as indicated by (i) current leases or utility records demonstrating a shared address, or (ii) documentation; such as bank accounts demonstrating shared assets.
To figure out if you and your roommate(s) qualify, just look up the number of people who will be living together on the table here.
Q: What happens if my income changes after I move-in?
A: The NYC affordable housing program knows that times change, people change, and incomes certainly change as well. Once you’ve qualified and signed your rent-stabilized Manhattan lease, you can continue to renew your lease even if your income no longer falls within the original requirements. Good news for all quality affordable housing seekers!