'Affordable' LIC Apartment Requires $92K Salary

LONG ISLAND CITY, QUEENS — Two apartments in a Long Island City building have hit the affordable housing lottery in Queens, but the building requires that applicants make at least $92,572 per year for a two person household — the highest salary requirement of any building in the borough with units available in the lottery.

The four-story building located at 25-88 49th Street has two two-bedroom affordable apartments up for grabs to those making 130 percent of the area's median income.

This is not the first time this year that a building in Queens with so-called affordable housing has required applicants to make over 100 percent of the area's median income — highlighting the citywide affordable housing crisis.

The two bedroom apartments will each cost $2,700 per year.

The Long Island City housing lottery will remain on the market for the next 20 days, closing on June 8 — over two months before the state’s eviction moratorium, which was recently extended by Governor Andrew Cuomo after pressure from housing advocates, expires on August 31.

Read more about the apartments available at 25-88 49th Street here.