162 New Affordable Apartments Open for Application in Downtown NY

Good news for expats and digital nomads looking to settle in New York: a significant affordable housing opportunity has opened up in the Financial District. Vanbarton Group is converting the 26-story office building at 77 Water Street into 162 affordable rental apartments, priced between $1,056/month and $2,823/month.

Qualifying applicants must earn between 40%, 80%, and 100% of the area median income, making these units accessible to a wide range of New Yorkers. The application period runs until November 17, 2026, and interested residents can find more information here.

For those curious about the building’s amenities, the conversion includes a variety of spaces such as fitness and wellness facilities, resident lounges, and outdoor areas. While some historic features like the rooftop fighter plane and lobby candy store have been removed, the new development promises modern living with easy access to the East River and the Seaport District.