New 'Affordable' Apartments Start At $1,115 At Former Moscot Site

LOWER EAST SIDE, NY — You'll need to make somewhere between $38K and $97K if you're a single person in Manhattan seeking a one-bedroom apartment on the Lower East Side.

Nine below-market-rate apartments at 118 Orchard St. near Delancey Street developed by Helm Equities are up for grabs on the city's housing lottery.

The nine "affordable" apartments include three one-bedroom apartments for $1,115 for people with incomes between $38,229 and $67,270; five one-bedroom apartments for $2,289 for people with incomes between $78,480 and $124,930; and one three-bedroom apartment for $2,777 for people with incomes between $95,212 and $172,120 — all depending on how many people live in the household.

The 12-story retail and residential building used to be where the famed eyeglass retailer Moscot was located for nearly 80 years until 2012, when it moved across the street, according to the Wall Street Journal. More recently, it was an art and event space run by Wallplay.

The building — dubbed The Orchard — features a roof deck, laundry room, package room, and balcony. The remaining 18 apartments are luxury residences.

Five percent of apartments are set aside for people with mobility disabilities and 2 percent for people with vision or hearing disabilities.

Applications are due September 19 at 11:59 p.m.

The lottery opens Wednesday.