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Affordable housing lottery opens at 4212 Park Avenue in the Bronx

Affordable housing lottery opens at 4212 Park Avenue in the Bronx

Built World New York, NY local

Thirteen units at 80% of area median income are available through NYC Housing Connect, with applications due November 26.

Today: Lottery opens for 13 affordable units

Overview

Updated 1 hour ago

Thirteen households can apply for below-market apartments at a new eight-story building in Tremont, the Bronx. Rents range from $2,040 for a studio to $2,962 for a three-bedroom, and applications are due Nov. 26.

The lottery launched Nov. 5 through NYC Housing Connect, the city's portal for affordable units. The building has 64 apartments; this round offers 13 at 80% of area median income, with income limits from $75,189 to $168,320.

Why it matters

For 13 households, this lottery is a rare chance at a new apartment below market rent in the Bronx.

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Key Indicators

13
Affordable units in lottery
The number of apartments offered through NYC Housing Connect at 4212 Park Avenue.
64
Total apartments in building
The eight-story building has 64 residences, according to city records.
80%
Area median income level
The lottery units are set at 80% of area median income.
$2,040
Lowest monthly rent
Monthly rent for a studio in the lottery.
$2,962
Highest monthly rent
Monthly rent for a three-bedroom in the lottery.

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Organizations Involved

NYC Housing Connect
NYC Housing Connect
City affordable housing lottery portal
Accepting applications for lottery 7722 through Nov. 26.

The city's online portal for affordable housing lotteries.
TR
Tremont BX LLC
Property owner
Owns 4212 Park Avenue, according to city records.

The limited liability company that bought the lot and owns the building.
NK
Nikolai Katz Architect
Architecture firm
Designed the eight-story building.

The firm named as the applicant on the building permit.

Timeline

June 2025 November 2026

10 events Latest: Today
Tap a bar to jump to that date

  1. Lottery opens for 13 affordable units

    Today Housing

    NYC Housing Connect began accepting applications for units at 80% of area median income.

  2. Housing Connect lists 13 units with no deadline

    Listing

    The lottery listing showed rents but no application deadline as of that date.

  3. Certificate of occupancy issued for 64 units

    Occupancy

    The Department of Buildings issued an initial certificate of occupancy.

  4. Owner signs mortgages with Popular Bank

    Finance

    Tremont BX LLC signed two mortgages, according to city records.

  5. Full building permit issued

    Construction

    The Department of Buildings issued the full permit for the building.

  6. Foundation work gets permit

    Construction

    The Department of Buildings issued a permit for foundation work.

  7. Plans approved for 64-unit building

    Approval

    The Department of Buildings approved the plans.

  8. Demolition filed for old one-story building

    Development

    The filing targeted a former medical office building on the site.

  9. Tremont BX LLC buys lot for $4 million

    Property

    The company also signed two mortgages, according to city records.

  10. Permits filed for eight-story, 64-unit building

    Development

    Department of Buildings job X01238419-I1 proposed a new 8-story, 64-family residential building.

Scenarios

1

Lottery closes on Nov. 26 as scheduled

Likely Resolves by Nov 27, 2026

Discussed by: NYC Housing Connect listing for lottery 7722

The listing sets a Nov. 26 deadline. If no extension appears, the application window closes and the company running the lottery begins processing applications.

2

Deadline extended past Nov. 26

Possible Resolves by End of 2026

Discussed by: NYC Housing Connect listing for lottery 7722

If the listing changes to a later date, the application window stays open. That would give more households time to apply.

3

All 13 units lease by mid-2027

Possible Resolves by Q2 2027

Discussed by: NYC Housing Connect listing for lottery 7722

After the lottery closes, the company running it reviews applications in the order set by the lottery. If enough eligible applicants apply, the 13 units are leased.

Historical Context

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

2005-2025

The site's medical-office past (2005-2025)

A 2005 Department of Buildings job described the property as medical offices. The one-story building was filed for demolition in July 2025.

Then

The lot was cleared for a new eight-story residential building.

Now

The site now holds 64 apartments, with 13 in an affordable lottery.

Why this matters now

It shows how a small commercial parcel became part of the city's affordable housing pipeline.

June 2025-August 2026

The building's permit-to-occupancy timeline (2025-2026)

Permits were filed in June 2025, plans were approved in August, and a certificate of occupancy was issued in August 2026.

Then

The building was finished on paper within 14 months.

Now

The lottery launched two months after occupancy.

Why this matters now

It explains why the lottery is opening now: the building is ready for tenants.

Sources

(2)
New York YIMBY VoucherMatch