If you’ve passed by Hudson Square in Soho over the last year or so you’ve definitely noticed the progress of the new construction sitting on 261 Hudson Street. Developed by Related and designed by Ismael Levya Architects, the 12-story building has a multi-colored facade that adds a touch more character to the corner of Hudson and Dominick streets.
The building contains 201 residential units in total, 41 of which are being offered up for a limited time in an affordable housing lottery. Sixteen studio units, 16 one-bedrooms, and nine two-bedroom apartments are being offered up in the lottery, with varying occupancy requirements (i.e. one for studios, one or two for one-bedrooms, and two to four in two-bedrooms) and the annual earnings of the household. The studios will rent for $788 a month, one-bedrooms for $847, and two-bedrooms for $1,025. If your annual income falls in the range of $28,355 to $54,360, you might qualify to apply to the lottery. You can see more details about the requirements here.
261 Hudson Street is located conveniently to the 1, A, and E trains, as well as the M20 bus. Once construction is complete, which is expected to happen later this year, the building will offer a 24-hour attended lobby, rooftop terrace, library, gym, internet lounge, and courtyard.
Hopeful applicants should get their forms filled out soon, either by mail or online. The deadline for 261 Hudson Street’s lottery is Aug. 31.