Owners & management · Deals & development · 11/06/2026, 12:47 PM
Tremont lottery opens 13 units at 4212 Park Ave., rents from $2,040
An affordable housing lottery is open for 13 units in an 8-story, 64-unit building at 4212 Park Ave. in Tremont. All units are set at 80% of area median income with a $135,680 asset limit. Rents range from $2,040 for studios to $2,962 for three-bedrooms. Applications are due 11/26/2026 online or by mail through Reside New York.
Reported by Bronx TimesRead the original ↗
What happened
An affordable housing lottery is open for 13 apartments at 4212 Park Ave. in Tremont, the Bronx. The Bronx Times reported it on 11/06/2026. New York YIMBY reported the same lottery on 11/05/2026 and said the units are listed on NYC Housing Connect. The building is 8 stories with 64 units in total. The other 51 units are market rate. Nikolai Katz Architect designed the building.
All 13 lottery units are for households earning 80% of the area median income (AMI), with an asset limit of $135,680. There are two studios at $2,040 a month for up to two people earning $75,189 to $108,560 a year. There are six one-bedrooms at $2,173 for up to three people earning $81,909 to $122,160. There are three two-bedrooms at $2,583 for up to five people earning $97,406 to $146,560. There are two three-bedrooms at $2,962 for up to seven people earning $112,698 to $168,320.
Hot water is included in the rent. Tenants pay for electricity, which covers the stove and heat. Each unit has split-unit heating and cooling. One pet up to 30 pounds is allowed per unit, and a $250 pet security deposit may be required. Service animals are allowed regardless of weight. Smoking is not allowed inside the building. The building has a card-operated shared laundry room, security cameras, an elevator and an accessible entrance.
Applications must be submitted online or postmarked by 11/26/2026. Paper applications can be requested by sending a self-addressed envelope to 4212 Park Avenue Apartments, c/o Reside New York, 349 Keap St., Brooklyn, NY 11211. The Bronx Times says qualified applicants must also meet additional selection criteria.
Key facts
- Address
- 4212 Park Ave., Tremont, Bronx
- Units
- 13 lottery units out of 64 total (51 market rate): 2 studios, 6 one-bedrooms, 3 two-bedrooms, 2 three-bedrooms
- Rents
- $2,040 studio, $2,173 one-bedroom, $2,583 two-bedroom, $2,962 three-bedroom
- Income limits
- 80% AMI. Ranges from $75,189 (studio minimum) to $168,320 (three-bedroom maximum), depending on unit size and household size
- Asset limit
- $135,680
- Deadline
- Apply online or postmark by 11/26/2026
- Utilities
- Hot water included. Tenants pay electricity, including stove and heat
- Where listed
- NYC Housing Connect (per New York YIMBY). Mail requests go to Reside New York, 349 Keap St., Brooklyn, NY 11211
What it means
Tenants and voucher holders
Your household income must fall inside the band for the unit size you apply for, and your assets must be under $135,680. Budget for electricity on top of rent, because heat and the stove are electric and tenant-paid.
Caseworkers
Clients have until 11/26/2026 to file online or by postmarked mail. Check each client's income against the specific unit band before applying, since the minimums start at $75,189 for a studio.
Landlords
These rents show where 80% AMI units are pricing in Tremont in late 2026, from $2,040 for a studio to $2,962 for a three-bedroom, with tenants paying electric heat.
The highlights
- Applications must be submitted online or postmarked by 11/26/2026.
- All units target 80% of AMI, with household incomes from $75,189 to $168,320.
- Three-bedrooms rent for $2,962; tenants pay electricity, including heat.
Why it matters
These middle-income units carry income floors starting at $75,189, and tenants pay their own electricity and heat on top of rent.
What to do: Apply online or request a paper application by 11/26/2026.
Not known yet
- Whether applicants with rental vouchers or subsidies can qualify below the stated income minimums
- What the additional selection criteria are, such as preferences for local residents or applicants with disabilities
- Who developed the building and when leases are expected to start
- Whether there are fees for amenities beyond the possible $250 pet deposit
Background
In New York City, most income-restricted rentals in new buildings are filled through lotteries posted on NYC Housing Connect. Applicants usually apply once per building by the deadline. Applications are then randomly ranked, and selected households are screened for income, household size, assets and other criteria before they are offered a unit. Applying does not guarantee an interview or an apartment, and the screening process can take months after the deadline.
Buildings in this story
- 4212 Park Ave · building facts and open city records
- 349 Keap St · building facts and open city records
Also drawn from: Housing Lottery Launches for 4212 Park Avenue in Tremont, The Bronx (New York YIMBY)
Summary written by Bulwark from Bronx Times’s reporting. The original story is at bxtimes.com. This is general information, not legal advice.
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Photo: Andre Carrotflower, CC BY-SA 4.0