Images courtesy of the NYC Department of Housing Preservation and Development

A housing lottery has launched for 60 middle-income apartments at a new residential development in the South Bronx. Located at 586 Gerard Avenue in Concourse Village, the nine-story Inkwell offers brand-new, modern residences and a range of amenities designed for comfort and convenience. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $1,974/month one bedrooms to $3,550/month two bedrooms.

Developed by the Karten Organization and designed by Isaac & Stern Architects under SB Gerard Avenue LLC, the building has 200 residences. According to Yimby , the developers filed demolition permits in August 2021 and construction permits in January 2023.

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