Apr. 24, 2024 By Ethan Marshall
New York City has launched a housing lottery for 134 units in the 17-story mixed-use building The Peninsula A1, also known as Edgemere Commons Apartments, at 51-23 Beach Channel Dr. in Far Rockaway.
The Peninsula A1 has 194 apartments, 60 of which are market rate. The 134 affordable units range from one-bedroom to two-bedroom to three-bedroom. These units are meant for residents who earn 30%, 60%, or 80% of the area median income (AMI).
A total of 38 affordable units are available for those earning 30% of the area median income. The monthly rents for these apartments are $617 for one-bedroom units, $728 for two-bedroom units and $830 for three-bedroom units. The area median income ranges from $24,480-$41,940 for the 16 one-bedroom units, which can each house up to three people. The 20 two-bedroom units range in area median income from $29,349-$50,310 and are meant for up to five people. The final two three-bedroom units range in area median income from $33,909-$57,780 and can house up to seven residents.