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Housing lottery opens for 15 units at Far Rockaway building

Housing lottery opens for 15 units at Far Rockaway building

Built World New York, NY local

The six-story Queens building has 74 apartments; 15 two-bedrooms are available at 80 percent of area median income.

Overview

Updated 41 minutes ago

Fifteen two-bedroom apartments in a new six-story Far Rockaway building are now open to applicants through New York City's housing lottery. The units are set at 80 percent of area median income, with eligible incomes from $101,863 to $146,560.

The building has 74 apartments in total, so the lottery covers a small share of the project. The launch also shows how the city's Housing Connect system turns new construction into a public application process, with income limits that determine who can enter.

Why it matters

The lottery adds 15 affordable two-bedrooms in Far Rockaway, but the 80% AMI income floor limits who can apply.

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Key Indicators

15
Lottery units
Two-bedrooms available through NYC Housing Connect.
74
Total apartments
The six-story building's full unit count.
80%
Area median income level
Income cap for the lottery units.
$101,863–$146,560
Eligible income range
Annual income limits for applicants.

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People Involved

Organizations Involved

Timeline

February 2025 November 2026

9 events Latest: Today
Tap a bar to jump to that date
  1. Lottery opens for 15 two-bedrooms at 80% AMI

    Today Lottery launch

    New York YIMBY reports the affordable housing lottery has launched for 139 Beach 29th Street.

  2. Housing Connect listing appears with 15 units

    Listing

    The city portal lists 15 two-bedrooms at 80 percent of area median income with no deadline posted.

  3. Certificate of occupancy issued for 74 units

    Occupancy

    The Department of Buildings signs off on residential occupancy for the full building.

  4. Lot deeded to Beach Development 29th Holding LLC

    Transaction

    The property is transferred to the building's ownership entity with new mortgages.

  5. First building permit issued

    Permit

    The Department of Buildings issues the first construction permit.

  6. DOB approves building plans

    Approval

    The Department of Buildings approves the plans for the six-story project.

  7. City Planning approves waterfront certification

    Approval

    The Department of City Planning approves a waterfront certification for the site.

  8. Land sells for $3 million

    Transaction

    Beach 29 Multifamily LLC buys the lot from SBBK F LLC.

  9. Developer files six-story building with DOB

    Filing

    The project is filed as a new six-story residential building with 74 dwelling units.

Scenarios

1

All 15 lottery units lease by mid-2027

Likely Resolves by Q2 2027

Discussed by: NYC Housing Connect listing and HPD lease-up data

The lottery draws enough eligible applicants to fill the 15 two-bedrooms. The marketing agent works through log numbers, and the building reaches full occupancy for the lottery units.

2

Lottery draws too few applicants because income floor is high

Possible Resolves by Q1 2027

Discussed by: VoucherMatch analysis of the listing

The 80 percent AMI band requires incomes above $101,863, leaving out many households in Far Rockaway. If applications fall short, the listing may stay open longer or be re-advertised.

Historical Context

One moment from history that rhymes with this story — and how it unfolded.

September-October 2026

Dix Avenue affordable housing lottery (2026)

In September 2026, New York YIMBY reported a lottery for 62 units across five four-story buildings at 2229–2259 Dix Avenue in Far Rockaway. The units were set at 40 to 60 percent of area median income, with incomes from $41,760 to $126,240 and rents from $1,077 to $2,312.

Then

Applications were due October 15, 2026.

Now

The listing showed how Far Rockaway lotteries can serve lower-income bands than the 80 percent AMI listing at 139 Beach 29th Street.

Why this matters now

It gives a nearby comparison: the Beach 29th Street lottery has a higher income floor and fewer units.

Sources

(3)