Housing Lottery Launches for 724 Elton Avenue in Melrose, The Bronx

The affordable housing lottery has launched for 724 Elton Avenue, a four-story residential building in Melrose, The Bronx. Built in 1931 for industrial use, the structure was altered in 2017 for residential use. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $65,143 to $187,330.

724 Elton Avenue in Melrose, The Bronx via NYC Housing Connect

Residences come with energy-efficient appliances, air conditioning, smart controls for heating and cooling, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity.

724 Elton Avenue in Melrose, The Bronx via NYC Housing Connect

At 130 percent of the AMI, there are four studios with a monthly rent of $1,900 for incomes ranging from $65,143 to $138,840; and one two-bedroom with a monthly rent of $2,100 for incomes ranging from $72,000 to $187,330.

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than September 23, 2022.

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