Category: Real Estate
A new NYC Housing Connect lottery is offering 227 mixed-income apartments at One River Park, a 40-story residential tower at 355 Exterior Street in Mott Haven, with monthly rents beginning at $1,936 and applications due by September 24, 2026.
The development adds another major entry to the latest NYC real estate trends, as high-rise construction, waterfront redevelopment and middle-income housing continue reshaping the South Bronx. The apartments are reserved for households earning between 70% and 130% of the area median income, or AMI, with eligibility determined by household size, apartment type and income tier.
View the official One River Park lottery listing on NYC Housing Connect.
One River Park brings 227 lottery apartments to Mott Haven
One River Park is part of a larger two-tower development along the Harlem River. The project includes a 40-story tower and a 26-story companion building, with more than 700 apartments planned across the complex, according to reporting by 6sqft.
The 40-story building is being marketed as the tallest structure in the South Bronx. The full development includes approximately 515,000 square feet of space, ground-floor retail, nearly 200 parking spaces and a broad package of shared amenities.
For the current lottery, the apartment mix is:
- 29 studios
- 154 one-bedroom apartments
- 44 two-bedroom apartments
The apartments are described as modern residences with spacious layouts, contemporary kitchens and new-construction finishes. The building sits near the Harlem River waterfront and is close to the 149th Street–Grand Concourse station, served by the 2, 4 and 5 subway lines.
Rents range from $1,936 to $2,850 per month
The available apartments are priced according to AMI category and unit size. The lowest listed rent is $1,936 per month for selected one-bedroom apartments, while the highest listed rent is $2,850 per month for certain two-bedroom apartments.
The official listing identifies the following unit groups:
| Apartment type | AMI category | Monthly rent | Number of apartments |
|---|---|---|---|
| One-bedroom | 70% AMI | $1,936 | 63 |
| Two-bedroom | 70% AMI | $2,297 | 13 |
| Studio | 130% AMI | $2,500 | 29 |
| One-bedroom | 130% AMI | $2,600 | 91 |
| Two-bedroom | 130% AMI | $2,850 | 31 |
The listed rents may not include every utility. According to the Housing Connect advertisement, tenants are responsible for electricity, including electric heat and an electric stove, while hot water is included in the rent.
The apartments do not require an application fee or deposit to enter the lottery. Applicants should still review the full listing carefully because income, asset and occupancy rules apply before a lease can be offered.
Who qualifies for the South Bronx apartments?
The lottery is open to households with annual incomes ranging from $73,783 to $238,160, depending on household size and the apartment selected. The listing allows households of one to five people to apply, although each apartment category has its own occupancy limits.
The income bands include:
One-bedroom apartments at 70% AMI
The 63 apartments priced at $1,936 per month are available to households within the following income ranges:
- One-person household: $73,783 to $83,160
- Two-person household: $73,783 to $94,990
- Three-person household: $73,783 to $106,890
Two-bedroom apartments at 70% AMI
The 13 two-bedroom apartments priced at $2,297 per month are available to households within these ranges:
- Two-person household: $87,600 to $94,990
- Three-person household: $87,600 to $106,890
- Four-person household: $87,600 to $118,720
- Five-person household: $87,600 to $128,240
Apartments at 130% AMI
The higher income tier includes studios, one-bedroom apartments and two-bedroom apartments:
- Studios at $2,500: Household incomes from $91,475 to $154,440 for one person, or up to $176,410 for two people
- One-bedrooms at $2,600: Household incomes from $95,726 to $154,440 for one person, up to $198,510 for three people
- Two-bedrooms at $2,850: Household incomes from $106,560 to $176,410 for two people, up to $238,160 for five people
These figures are drawn from the current Housing Connect listing and may be subject to change. The official advertisement also notes that asset limits apply. Applicants receiving Section 8 or another qualifying rental subsidy may be treated differently from applicants relying solely on earned income.
Household income generally includes wages, salary, tips, Social Security, child support and other qualifying sources. Every person who will live in the apartment must be included in the household profile.
New York City residents receive a general preference for apartments, but residency preference does not replace the income, household-size and documentation requirements.
Amenities reflect a changing South Bronx market
One River Park’s amenities package reflects a broader shift in South Bronx development. New residential projects along the Harlem River are increasingly combining mixed-income apartments with the types of shared spaces historically associated with luxury rentals in Manhattan and Brooklyn.
The building’s listed amenities include:
- Lobby lounge
- Sky lobby
- Fitness center
- Yoga studio
- Spin studio
- Indoor pickleball court
- Golf simulator
- Game room
- Movie theater
- Party room
- Children’s playroom
- Outdoor pool
- Rooftop terraces
- Grill stations and preparation kitchen
- Bike storage
- Storage lockers
- Package lockers
- Shared laundry facilities
- Pet spa
- Security cameras
- Accessible entrance
The property is pet-friendly, with one pet allowed up to a 30-pound weight limit per pet; additional restrictions apply. The listing states that no pet deposit is required.
How to apply through NYC Housing Connect
Applicants must submit one application through NYC Housing Connect, the city’s official affordable housing portal. The application deadline for One River Park is September 24, 2026.
The online application process includes these steps:
- Create or access a Housing Connect account.
- Complete the household profile with every member who will live in the apartment.
- Enter current income, employment information, assets and other requested details.
- Review the One River Park listing at 355 Exterior Street.
- Confirm that the household meets the requirements for the selected unit type.
- Submit the application before the deadline.
Applicants should submit only one application for this lottery. Housing Connect warns that duplicate applications, including applying both online and by mail, may result in disqualification.
Applicants who cannot apply online may request a paper application by sending a self-addressed envelope to:
One River Park C/O Taxace NY LLC
139 Tompkins Avenue
Brooklyn, NY 11206
Paper applicants must follow the instructions in the official advertisement and return the completed original application by regular mail. The application must be postmarked by the deadline.
The NYC Department of Housing Preservation and Development’s Housing Connect guides provide additional information about preparing an application, calculating income and assembling documents.
What happens after the deadline?
After September 24, applications will be randomly ordered through a lottery process. A selected applicant may then be contacted by the building’s marketing agent for eligibility review.
Selection for review does not guarantee an apartment. Applicants may be asked to provide documents verifying:
- Identity and birth dates
- Household composition
- Employment and annual income
- Tax returns and pay stubs
- Current housing information
- Assets and savings
- Rental assistance or voucher status, if applicable
Housing Connect advises applicants to keep their contact information and household profile current. The review process can take months, and applicants should monitor email, mail and telephone messages after submitting an application.
Questions about the One River Park lottery should be directed to NYC Housing Connect or 311. Applicants should rely on the official listing for the most current eligibility requirements, rent figures and application instructions.
For New Yorkers tracking New York real estate news, the One River Park lottery offers a clear view of the market’s current direction: new high-rise housing is expanding beyond Manhattan, while affordability programs are increasingly targeting moderate- and middle-income households in rapidly developing waterfront neighborhoods.