STATEN ISLAND, N.Y. — The deadline to apply for 30 new rent-stabilized units at The Residences at Lighthouse Point in St. George is approaching.
The mixed-use development has been in the works since 2016, and the deadline for rent stabilization applications is January 16, 2025. Qualifying income for rent-stabilized spaces is between $33,875 and $218,010.
Available units include 6 studios, 17 1-bedroom units, and 7 2-bedroom apartments.
Developed in partnership with Rubert Adler, the State of New York, Empire State Development, and the New York Economic Development Corporation, the 13-story building will feature a total of 115 homes, all with 8-foot ceilings and sunken ceilings. Equipped with molded lighting and a domestic washing machine. dryer unit.
The kitchen features stainless steel appliances, espresso-colored cabinetry, and quartz countertops. The bathroom features a floor-to-ceiling white porcelain bathtile, a matte black medicine cabinet, and a wall-mounted espresso vanity.
Some units have private outdoor space, and all building residents have access to a private waterfront promenade, state-of-the-art fitness center, and rooftop lounge. In addition, residents will have access to 115 covered parking spaces.
The Lighthouse Point website states, “Perched above New York Harbor and featuring unobstructed views stretching from Brooklyn to Manhattan, The Residences at Lighthouse Point is Staten Island’s newest luxury rental community. ” states the Lighthouse Point website. “Conceived by Cooper Carey Architects and developed by Triangle Equities, this collection of 115 studio, one- and two-bedroom rentals is located above public parks, piers and boardwalks, and is located on the St. The project is at the very heart of George’s revitalization. “
Officially located at 35R Bay St. near the Staten Island Ferry Terminal, the project has seen some delays. After development began in 2016, the building remained vacant for years as progress was paused in 2019 due to the general contractor’s bankruptcy and then embroiled in several legal battles. Construction resumed in 2022 and the project was back on track.
New York City Housing Connect is accepting applications through January 16, 2025 for 30 new units at the Residences at Lighthouse Point, a mixed-use development in St. George that has been under development since 2016. There is. (Courtesy of Triangle Equities)(Courtesy of Triangle Equity)
Once home to the United States Lighthouse Service Depot Complex, the builder said Lighthouse Point is a federally registered National Historic Landmark and was once the center of lighthouse operations in the United States in the late 19th and early 20th centuries. He said there was.
“The development team’s work at Lighthouse Point includes the restoration and preservation of four historic buildings, a series of underground vaults, and historic walls, while maintaining the historic character of the site. , and repurposed for modern uses,” Triangle Equities said in marketing materials.
In addition to these 115 residential units, there are plans to build a total of 60,000 square feet of commercial space in the area.
Details of the housing lottery are as follows.
This apartment is reserved for New Yorkers earning between 40% and 130% of Area Median Income (AMI). According to the developer, the current AMI in New York City is $108,700 for a single person.
The following 30 units are available at Lighthouse Point:
There are six studio apartments for families with incomes between $33,875 and $55,920, with rents starting at $903 per month.There are 17 one-bedroom apartments available to households with incomes between $51,703 and $100,620, with rents starting at $1,411 per month.There are seven two-bedroom apartments for households with incomes between $62,058 and $218,010, with rents starting at $1,682 per month.
A small number of units will be reserved for residents with mobility, vision, and hearing needs, with priority given to units for Community Board 1 residents and New York City employees.
For more information, visit https://housingconnect.nyc.gov/PublicWeb/details/5390.
New York City Housing Connect is accepting applications through January 16, 2025 for 30 new units at the Residences at Lighthouse Point, a mixed-use development in St. George that has been under development since 2016. (Courtesy of Triangle Equities)(Courtesy of Triangle Equity)
