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Allerton's 2512 Bronx Park East opens lottery for 17 income-restricted units

Allerton's 2512 Bronx Park East opens lottery for 17 income-restricted units

Built World New York, NY local

Seventeen of the building's 84 apartments are available through NYC Housing Connect at 80 percent of area median income

Overview

Updated 51 minutes ago

Seventeen of the 84 apartments at 2512 Bronx Park East are now open to applications through New York City's affordable housing lottery. The eight-story building sits across from Bronx Park, a few blocks from the Allerton Avenue station on the 2 and 5 trains.

The other 67 units are not in the lottery. The building's own rental listing advertises a studio at $2,734 a month. Applications go through NYC Housing Connect, the city portal run by the Department of Housing Preservation and Development, which screens households against income and size limits.

Why it matters

Households earning $67,955 to $146,560 can apply; the same building advertises market studios at $2,734 a month.

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Key Indicators

17
Lottery units
Apartments at 2512 Bronx Park East available through NYC Housing Connect.
84
Total residences
Size of the building as permitted in December 2023.
80%
Area median income tier
Income limit applied to the 17 lottery units.
$67,955
Income floor
Lowest eligible annual household income for the lottery units.
$146,560
Income ceiling
Highest eligible annual household income for the lottery units.
$2,734
Advertised market studio rent
Monthly rent listed on the building's own rental page for a studio.

Voices

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People Involved

Organizations Involved

Timeline

December 2023 October 2026

3 events Latest: Today
  1. Affordable lottery opens for 17 units

    Today Housing

    NYC Housing Connect takes applications for 17 units at 80 percent of area median income, with eligible incomes of $67,955 to $146,560.

  2. Building marketed as new construction

    Development

    The address's rental listing advertises studios at $2,734 and two-bedrooms at $2,997 a month.

  3. Permits filed for 84-unit Allerton building

    Development

    Filomena Matoshi files for an eight-story building at 2512 Bronx Park East, with Badaly Architects as architect of record.

Scenarios

1

Lottery closes and all 17 units lease

Likely Resolves by Q2 2027

Discussed by: New York YIMBY, which tracks lottery launches and their subsequent lease-ups across the borough

If demand matches other Bronx lotteries, HPD closes the application window and the units lease through the portal. The trigger is a functioning queue: enough eligible applicants per unit to fill the set-aside. A slow lease-up would show up as units staying listed after the window closes.

2

Another Allerton affordable lottery launches

Likely Resolves by Apr 30, 2027

Discussed by: New York YIMBY, whose Bronx coverage has logged a series of lotteries for new buildings in Allerton

The Bronx Park East corridor has seen a steady run of permit filings and lottery launches for small infill buildings. If that pipeline holds, at least one more Allerton building opens a lottery in the next six months. A drop-off would suggest the pipeline of permitted buildings is thinning.

3

The next nearby lottery reverts to a higher income tier

Uncertain Resolves by Q2 2027

Discussed by: Housing analysts who track whether new buildings set aside units at deeper or shallower income bands

Lotteries in the area have not all used the same income tier. If the next Allerton building prices its set-aside above 80 percent of area median income, the practical effect is that fewer lower-income households qualify. That would make this lottery an exception rather than the local pattern.

Historical Context

2 moments from history that rhyme with this story — and how they unfolded.

December 2023

Allerton infill permitting wave (2023)

Permits for 2512 Bronx Park East described an eight-story, 74-foot masonry building with 84 residences, 54,845 square feet of residential space, and 42 parking spaces. YIMBY's related coverage from the same period listed filings and lottery launches for other Allerton addresses, including 2322 Holland Avenue and 2958 White Plains Road.

Then

Construction followed over the next three years, with the building marketed as new construction in 2026.

Now

The 84 units reached the rental market in 2026, and 17 of them entered the city's lottery system rather than renting purely at market rates.

Why this matters now

It shows the gap between a permit filing and a household actually applying: roughly three years, with the lottery as the last step.

2026

Market leasing opens before the lottery (2026)

The building's rental listing went live as new construction, advertising studios at $2,734, one-bedrooms at $2,734, and two-bedrooms at $2,997 a month, with an elevator lobby, plank flooring, quartz counters, and proximity to the Allerton Avenue station.

Then

The market-rate portion of the building began renting before the income-restricted units reached applicants.

Now

The lottery followed as a separate process with its own income screening, so the two halves of the building reach renters on different timelines.

Why this matters now

It makes concrete what the 17 lottery units are being carved out of, and what the alternative rent looks like at the same address.

Sources

(3)