Three Waterline Square Opens Home Lottery for 55 Rentals
Three Waterline Square is offering 55 rental deals through the New York City home lottery, including a one-bedroom apartment for $782 a month. The tower at 635 West 59th on Manhattan's Upper West Side lists the unit far below the building's usual starting rent of $3,465 a month.
Waterline Square rentals
The building is one of three towers in the Waterline Square complex, which encircles a 2.6-acre public park designed by Mathews Nielsen Landscape Architects and connects to Riverside Park South. The 214-unit towers include 167 rentals and 47 condominiums with separate entrances.
Other lottery units include a three-bedroom apartment for $1,569.00 a month. A four-bedroom apartment in the building costs $35,625 a month outside the lottery program.
Income limits
Applicants must have an annual income of no less than $31,783.00 and no more than $126,240.00. Winners are placed on a waiting list, which means selection does not end the process for anyone who qualifies.
The city offers tax abatements for developers that set aside apartments for lower-income residents, and that is the mechanism bringing these units into the lottery. For applicants, the practical step is simple: they need to meet the income band and then wait to see whether their name comes up.
Amenities at Three Waterline Square
Three Waterline Square includes a spa with a sauna and steam room, a landscaped terrace, children's play spaces, a state-of-the-art fitness center, a co-working space, a 12-seat dining room with a catering kitchen, a media room, a great room with two fireplaces, and a golf simulator. The tower's 90,000 square foot, three-level underground fitness facility adds an indoor tennis court, a squash court, a rock-climbing wall, a half-pipe skate park, an indoor soccer field, a 25-meter three-lane lap pool, a children's pool, a two-lane bowling alley, a recording studio, a screening room, fitness studios for pilates, boxing, and yoga, plus a gardening studio, a cards parlor, a games lounge, and pet facilities with washing and training stations.
The complex sits within strolling distance of Hudson River Park, the Intrepid Museum, Lincoln Center, Carnegie Hall, and three crosstown blocks from Central Park. For renters who qualify, the lottery puts lower-cost apartments inside a full-service tower that usually sits at the high end of the Manhattan market.
