Rents in This Luxurious NYC Apartment Complex Start Shockingly Low at $782

New York City residents have an opportunity to secure one of 55 apartments in the ultraluxury Three Waterline Square building on the Upper West Side for significantly below market rates, with a one-bedroom unit available for $782 per month, a stark contrast to the typical starting price of $3,465. To be eligible for these discounted rentals, individuals must enter the New York City affordable housing lottery via Housing Connect and meet specific income requirements, ranging from $31,783 to $126,240 annually. The building, located at 635 West 59th Street, is part of the larger Waterline Square complex, which includes a 2.6-acre public park and connects to Riverside Park South. While a four-bedroom apartment in the building can command $35,625 per month, the lottery also offers three-bedroom units for $1,569.00 monthly. The lottery system involves a waiting list, and securing an apartment is subject to luck and patience, with no guarantee of when or if a unit will become available. Residents who successfully obtain an apartment will gain access to numerous amenities, including a spa with a sauna and steam room.