11/16/12 7:49am

Hip and arty, but more importantly cheap as hell. via 40 Vanderbilt

New York’s push for affordable housing has resulted in another opportunity for sweet living in a hot neighborhood. 40 Vanderbilt, a supportive housing residence near the Navy Yard and just a hop, skip and a jump away from dive bar favorite Alibi, is now taking applicants for its fully-furnished apartments that range in cost from $492 to $664 a month. And even better than previous below-market rate apartments we’ve highlighted, this one has already gone through its housing lottery phase and is now open to members of the general public. (more…)