500 Main Street is a newly constructed 26-story residential building with 477 rental units including 119 affordable rental units, ready for occupancy starting approximately January 2025. The affordable rental units are available by lottery to households below 60% of Westchester County’s Area Median Income. Affordable units include studios, one- and two-bedroom apartments, including 18 units adapted for mobility impairments and 8 units adapted for hearing/vision impairments.
Amenities: State-of-the-art fitness center, resident lounges, terraces, coworking space, a rooftop swimming pool and a dog run.
500 Main Street, New Rochelle, New York is surrounded by small businesses, shopping, and restaurants within walking distance to downtown New Rochelle.
New Rochelle is located in Westchester County, bordered by the towns of Eastchester, Pelham, Scarsdale, Mamaroneck, and Larchmont, about 17 miles north of midtown Manhattan. The City of New Rochelle provides many recreational opportunities for all ages and the New Rochelle Public Library is one of the best-equipped and busiest libraries in the 38-member Westchester Library System, and as a cultural hub offers a myriad of activities and events for children, adults and seniors. The Ossie Davis Theatre and New Rochelle High School’s state-of-the-art Linda E. Kelly Theater and Museum of Arts and Culture offer ongoing music and arts programs. Additionally, the city has 38 recreational facilities including parks, lakes, nature areas, playgrounds, hiking trails and a municipal marina.
Details:
| Unit Size | Number of Units | % AMI | Monthly Rents* | Household Size |
| 1 BR | 8 | 50% | $1,366 | 1-2 |
| 2 BR | 12 | 50% | $1,626 | 2-5 |
| Studio | 28 | 60% | $1,553 | 1 |
| 1 BR | 46 | 60% | $1,659 | 1-3 |
| 2 BR | 25 | 60% | $1,978 | 2-5 |
Rents may be subject to adjustment. Rents include AC, heat, hot water. Tenant pays electric, including cooking.
Eligibility Requirements: In order to qualify for the apartments, household income must be at or below 60% of area median income for Westchester County. HUD Income Guidelines
Applications Due:Applications are due by October 21, 2024 at 4 p.m. Applicants submitting by the deadline will be placed in a lottery, which will be held on November 5, 2024 at 11 a.m. and will determine the order in which applications will be reviewed for tenancy.Applications received after the deadline will be added to the wait list.
For More Information and How to Apply: For application, brochure or more information, go to www.affordablewestchester.org or contact or call 914-428-4519.
Location Details and Useful Web Links:
- Address: 500 Main Street, New Rochelle - go to map
- Municipality: City of New Rochelle
- School District: New Rochelle School District
- NYS Day Care Center Database