55 Suffolk Street Update 02/14/23

Affordable Housing Lottery Kicks Off for "The Suffolk"

NYC Housing Connect has started an affordable housing lottery encompassing 95 units within a 30-story mixed-use development, nearing completion at 55 Suffolk Street on Manhattan's Lower East Side. Eligible applicants must earn between $27,738 and $165,500 annually, or sit within 40 to 100 percent of the area median income (AMI). Applications will be accepted either online or by mail until April 12, 2023.

Developed by 

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, and known as "The Suffolk", the building will contain 
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luxury residential units (25% affordable), along with a 39,000 square foot office headquarters for the Chinese-American Planning Council (CPC). Plans also call for
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square feet of retail space, located on the ground floor.

The residences will be offered in micro, studio, and one to three-bedroom configurations, with high-quality interiors, envisioned by JG Neukomm Architecture.

Tenant amenities are to include a state-of-the-art fitness club with a yoga studio, resident and co-working lounges, a game room, a package room, an exclusive mobile app for tenants, and of course the crown jewel... a rooftop pool complete with a sundeck, BBQ stations, firepits, and private dining areas.

Designed by 

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, The Suffolk stands
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feet tall and totals
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square feet. This project is one of two buildings going up as part of the CPC's Broom Street Development Plan; the other being 64 Norfolk Street. General contractor, Monadnock Construction Inc, is overseeing the $235 million build, and work is scheduled to wrap up in the coming months.

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