Rising rent and housing costs across the boroughs are a familiar reality for many New Yorkers. As the city continues to grow and evolve, demand for housing remains strong — but thankfully, so do efforts to keep it accessible.
Programs such as affordable housing lotteries are designed to help residents find stable, attainable homes and create pathways to long-term affordability. And a recently opened lottery is presenting a particularly exciting opportunity: the chance to own an apartment for as low as $15,000.
Located at 3-53 Beach 57th St in the vibrant borough of Queens, this Mitchell-Lama Sales Lottery presents a rare homeownership opportunity in one of the city’s waterfront communities, just a few blocks from Rockaway Beach.
The development offers three unit options — one-bedroom, two-bedroom, and three-bedroom apartments — designed to accommodate a range of household sizes.
Part of New York’s Mitchell-Lama program, the property provides an affordable path to ownership with regulated pricing and income guidelines. Residents will also benefit from convenient access to the A train, nearby beaches, local parks, and neighborhood amenities, making it an appealing option for those on the search for housing in our favorite city.
📋 Details At a Glance
| Unit Size | Est. Purchase Price | Min. Income | Max. Occupancy |
| 1 Bedroom | $14,818 – $15,347 | $38,970 | 3 People |
| 2 Bedroom | $17,993 – $19,316 | $49,494 | 4 People |
| 3 Bedroom | $21,565 – $21,962 | $60,988 | 6 People |
🛋️ Inside The Units
🏡 One Bedroom
- Estimated Purchase Price: $14,818 – $15,347 (subject to change)
- Monthly Maintenance: $974 – $995 (subject to change)
- Minimum Household Income: $38,970
- Maximum Household Income: $182,250
- Occupancy Standard: 1–3 people
🏡 Two Bedroom
- Estimated Purchase Price: $17,993 – $19,316 (subject to change)
- Monthly Maintenance: $1,237 – $1,283 (subject to change)
- Minimum Household Income: $49,494
- Maximum Household Income: $202,500
- Occupancy Standard: 2–4 people
🏡 Three Bedroom
- Estimated Purchase Price: $21,565 – $21,962 (subject to change)
- Monthly Maintenance: $1,525 – $1,537 (subject to change)
- Minimum Household Income: $60,988
- Maximum Household Income: $235,000
- Occupancy Standard: 4–6 people
✅ Eligibility Requirements for All Units
- Must be a New York State resident
- Must be at least 18 years old
- Must be financially responsible
- Cannot be a current shareholder
- $75 non-refundable application fee
- One application per person (online or mail, not both)
If this opportunity feels like the right fit, now is the time to take the next step.
Applications are currently open through NYC Housing Connect, and interested buyers can apply online or request a paper application by mail.
Be sure to review the income and household size requirements carefully and submit only one application per household to avoid disqualification. For more information, see NYC Housing Connect’s official website