37th and 1st Apartments, 650 First Avenue, Murray Hill: 28 Affordable Apartments on Housing Connect, From $940 a Month

Published October 23, 202625 min readBy VoucherMatch Editorial Team

Quick answer37th and 1st Apartments at 650 First Avenue is a former office building in Murray Hill, Manhattan, now 111 rental apartments. NYC Housing Connect advertised 28 of them, from $940 for a studio to $3,290 for a two-bedroom. Applications were due February 18, 2026. As of October 21, 2026, the City's lottery data lists the lottery in "Tenant Selection". VoucherMatch found no open application or waiting list. The 16 apartments at 40% and 80% AMI are under the 2026 CityFHEPS maximums.

Last checked: October 21, 2026, against the Housing Connect listing for lottery 7314, its rent table and the site's open-lottery search, read at the start and the end; the Housing Connect FAQ; CityFHEPS form DSS-8r; Department of Buildings DOB NOW filings for job M08030325, older job filings and certificates of occupancy; HPD's production data (project 77655); the City's lottery data and lottery building data; PLUTO; ACRIS for Manhattan block 969, lot 1; City Planning's address search; HPD's 467-m page and guide Applying for Affordable Housing; HDC's re-rental search; the leasing site 650 First Ave and its history page; Commercial Observer (March 2023); New York YIMBY (October 18, 2024 and December 17, 2025); 6sqft (December 24, 2025); and the MTA's station data. How VoucherMatch reports these guides and corrects errors: how we report.

37th and 1st Apartments in numbers

28apartments in the Housing Connect lottery
111apartments in the building, in city records
$940the lowest rent, for two studios at 40% AMI
$3,290the highest rent, for two two-bedrooms at 100% AMI
February 18, 2026the application deadline
December 10, 2025the first certificate of occupancy

Source: Housing Connect listing for lottery 7314, read October 21, 2026; Department of Buildings job M08030325 and its certificate of occupancy records.

Words used in this report

Area median income (AMI)The middle income for the area, adjusted for household size. A lottery apartment "at 60% AMI" is for households earning up to about 60% of it. The agency's income chart turns each level into dollar limits.
Minimum incomeThe lowest yearly income the listing accepts for an apartment, so the rent is not too large a share of income. Housing Connect does not apply it to households with a voucher or rental subsidy.
Lottery (NYC Housing Connect)Every complete application gets a random log number. The marketing agent works through applications in log-number order within each preference group, so applying early does not help.
Marketing agentThe company the building hires to run its lottery and check applicants' papers.
Housing Choice Voucher (Section 8)Rental help run by a housing authority. You find a home, and the agency checks the unit, rent and your household before it approves payment.
CityFHEPS (New York City)The City Fighting Homelessness and Eviction Prevention Supplement: a City-funded rent supplement that the Department of Social Services (DSS) pays straight to the landlord.
Payment standard (the CityFHEPS maximum in this report)An amount the agency uses to work out housing assistance for a unit size and area. It does not mean that any home at that rent will be approved.
Utility allowanceThe agency's estimate of the cost of utilities you must pay. It is not a promise to pay your actual bills.
FMR and SAFMRHUD rent estimates for an area (Fair Market Rent) or ZIP code (Small Area Fair Market Rent). They include rent and most tenant-paid utilities. Your agency may use a different payment standard.
Certificate of occupancyThe Department of Buildings' sign-off that a building, or part of it, can be lived in.
467-mA New York City property tax break for turning buildings that are not homes into rental housing. HPD's page says the affordable apartments are "permanently subject to Rent Stabilization."

Rendering at dusk of an 11-story corner building: a seven-story gray brick base with rows of arched and square windows and two bay windows near the corner, topped by a four-story glass addition with rounded corners, with a taller tower behind it, street trees, parked cars and small figures on the sidewalk — Rendering of 37th and 1st Apartments, 650 First Avenue, from its Housing Connect listing, which does not name who made it. Photo: NYC Housing Connect listing for lottery 7314 (rendering; maker not named), lottery listing rendering, via NYC Housing Connect, 37th and 1st Apartments (lottery 7314) (whole image reduced 0.39 times to 1021 x 900 and centered on a plain dark blue background; not cropped).

What Was Built at 650 First Avenue

650 First Avenue is an old brick building that was turned from offices into 111 apartments, with new floors on top. It has 11 stories in city records.

Names: Housing Connect calls the lottery "37th and 1st Apartments". The leasing site calls the building "650 First Ave". HPD's production data names the project "EAST 37TH STREET APARTMENTS".
Permit: Department of Buildings job M08030325 reads "Conversion of existing 8-story office building to residential and 3-story vertical extension." It takes the building from 8 to 11 stories, from 97 to 128 feet, and from 0 to 111 homes.
Certificate of occupancy: the first one, dated December 10, 2025, covers 111 dwelling units. The records list four renewals, the latest on September 29, 2026.
Owner: PLUTO, the City's lot database, and ACRIS name First and River LLC.
Developer: YIMBY and 6sqft name Lalezarian Properties, which YIMBY says works "under the First and River LLC".
Architect: the permit's applicant is the firm Ismael Leyva Architects, P.C.

Photograph from a high window of 650 First Avenue during construction: new concrete floors with orange safety netting and workers on the roof slab rise above an older pink brick building wrapped in scaffolding, a blue concrete pump boom reaches up from trucks on First Avenue, an older tan building stands at left, and the East River and FDR Drive are behind — 650 First Avenue on June 17, 2024, while the new floors were being built above the old brick building. Photo: Transpoman, CC BY-SA 4.0, via Wikimedia Commons. Photo: Transpoman, CC BY-SA 4.0, via Wikimedia Commons (whole image reduced 0.45 times to 1200 x 900 and centered on a plain light gray background; not cropped).

650 First Avenue, from brewery to lottery

1894the leasing site's history page says the Kips Bay Brewing Company was launched "at the site now known as 650 First Avenue".
November 3, 2022the conversion job is filed.
March 22, 2023the Department of Buildings approves the job.
March 23, 2023the deed to First and River LLC is signed, for $33,500,000.
May 18, 2023the conversion permit is issued.
October 18, 2024YIMBY reports the concrete addition "topped out over the summer" and glass is going on.
July 10, 2025HPD's project start date.
December 10, 2025the first certificate of occupancy is issued.
December 16, 2025the Housing Connect lottery opens.
February 18, 2026applications are due.

What it means: the building had its certificate of occupancy before the lottery opened.

Source: the leasing site; Department of Buildings job M08030325 and certificate records; ACRIS; HPD project 77655; the City's lottery data; New York YIMBY.

Where the sources disagree about the building

AgePLUTO says built 1910. 6sqft says "constructed in 1904". The leasing site dates the brewery to 1894. YIMBY called it "a 120-year-old commercial building".
Height128 feet in the permit. "125 feet" in YIMBY and 6sqft.
New floorsthe permit says a "3-story vertical extension" on an 8-story building. YIMBY says "four new stories above its parapet". The leasing site says "7-story pre-war base" and "4-story" addition.
Size117,449 square feet of work in the permit and 104,602 square feet of building in PLUTO. Commercial Observer wrote "92,772-square-foot". YIMBY wrote 100,000.
Apartments111 in the permit, the certificate, PLUTO and HPD's data. Commercial Observer reported a first plan for 113.
Sale dateACRIS dates the deed March 23, 2023. 6sqft wrote "In April 2023".

What it means: the City's records agree on 11 stories and 111 apartments.

Source: the records and reports named.

The Program the Listing Names

The listing says the building "is anticipated to receive a Tax Exemption through the 467-M Tax Incentive Program" of HPD.

The 467-m rules, in the words of HPD's page

What it isa "partial tax exemption for new multiple dwellings" made "from the conversion of non-residential buildings".
Share"At least 25% of the dwelling units in the Eligible Multiple Dwelling are rental Affordable Housing Units".
Lowest level"At least 5% are Affordable Housing Forty Percent Units".
Top level"No Income Band exceeds 100% of AMI."
Rent stabilization"Affordable Housing Units are permanently subject to Rent Stabilization."
Same entrancesthey "shall not be isolated to a specific floor or area."

What it means: the listing's 28 apartments are 25.2% of 111, by VoucherMatch's arithmetic. HPD decides whether a building qualifies; no document opened shows that decision.

Source: HPD's 467-m page, read October 21, 2026.

Watch outHPD's production data and the City's lottery building data file this project as "New Construction". The permit and the listing call it a conversion of an office building.

Where 650 First Avenue Is

650 First Avenue is in Murray Hill, Manhattan, in ZIP code 10016. It is in Manhattan Community District 6 and City Council District 4.

The location in the records

Murray HillCity Planning's address search and the listing's lottery description.
Murray Hill-Kips Baythe area name in Department of Buildings records. The listing's text says "Murray Hill / Kips Bay".
The cornerYIMBY and the leasing site place it at "the northeast corner of First Avenue and East 37th Street".
The lotManhattan block 969, lot 1.
ZIP code 10016in the listing, Department of Buildings, HPD and PLUTO records.

What it means: VoucherMatch files the building under Murray Hill.

Source: the records named.

Subway stations near 650 First Avenue, nearest first
Station	Lines	Distance	Accessible
Grand Central-42 St	7	0.46 miles	Yes
Grand Central-42 St	4, 5, 6	0.50 miles	Yes
33 St	6	0.55 miles	No
28 St	6	0.69 miles	Downtown only
5 Av	7	0.78 miles	No
51 St	6	0.79 miles	Yes

Showing the first 4 of 6 rows. View allCollapse table

What it means: the nearest trains are at Grand Central, just under half a mile away. The listing marks 33rd St and 28th St as "4,6,6".

Source: the MTA's station data, daytime lines and access; straight-line distances by VoucherMatch from the listing's map point (40.7457205, -73.9716374), so the walk is longer.

Buses: the listing names a stop at E 42nd St & 1st Ave, about 0.24 miles away, and one at 42 St & Lexington Av & 3 Av, about 0.43 miles. 6sqft names the M15, M15+ and M34+ routes.
Ferry: 6sqft names the NYC Ferry stop at East 34th Street.
Along the lines: see apartments near the 6 train and the 7 train.

Underground subway platform under a curved tunnel ceiling, with a sign reading 7 Flushing Main Street, angled fluorescent lights, a 42 St - Grand Central name sign on the wall, a curving track at right behind a railing and a few people far down the platform — The 7 train platform at Grand Central-42 St, the nearest subway platform to 650 First Avenue, in 2011. Photo: Christoph Anton Mitterer, CC BY-SA 2.0, via Wikimedia Commons; cropped. Photo: Christoph Anton Mitterer, CC BY-SA 2.0, via Wikimedia Commons (cropped to 16:9 (rows 150 to 2418 of 3024) and reduced 0.40 times).

28 Apartments in the Lottery, at 40%, 80% and 100% AMI

The 28 lottery apartments are 10 studios, 14 one-bedrooms and four two-bedrooms. Six are at 40% AMI, 10 at 80% and 12 at 100%.

Apartments in the Housing Connect lottery for 650 First Avenue, by size and income level

40% AMI80% AMI100% AMI

Studio

One-bedroom

Two-bedroom

View the data table

Apartment size	40% AMI	80% AMI	100% AMI
Studio	2	4	4
One-bedroom	3	5	6
Two-bedroom	1	1	2

What it means: 12 of the 28 apartments are at 100% AMI.

Source: Housing Connect listing for lottery 7314, counted by VoucherMatch from its 28 unit rows, read October 21, 2026. The City's lottery data gives the same size counts.

Rents and Income Ranges in the 650 First Avenue Housing Connect Listing

The 28 apartments rent for $940 to $3,290 a month. The lowest minimum income is $37,989 a year, and the highest maximum is $183,200.

Rent, household size and yearly income for each apartment type at 650 First Avenue
Apartments	Rent	People	Yearly income
2 studios, 40% AMI	$940	1 to 2	$37,989 to $54,280
3 one-bedrooms, 40% AMI	$995	1 to 3	$40,698 to $61,080
1 two-bedroom, 40% AMI	$1,168	2 to 5	$48,892 to $73,280
4 studios, 80% AMI	$2,040	1 to 2	$75,703 to $108,560
5 one-bedrooms, 80% AMI	$2,173	1 to 3	$81,086 to $122,160
1 two-bedroom, 80% AMI	$2,583	2 to 5	$97,406 to $146,560
4 studios, 100% AMI	$2,590	1 to 2	$94,560 to $135,700
6 one-bedrooms, 100% AMI	$2,762	1 to 3	$101,280 to $152,700
2 two-bedrooms, 100% AMI	$3,290	2 to 5	$121,646 to $183,200

Showing the first 4 of 9 rows. View allCollapse table

What it means: only the four two-bedrooms take four or five people.

Source: Housing Connect listing for lottery 7314, read October 21, 2026. The top of each range is for the largest household allowed.

Household size	40% AMI	80% AMI	100% AMI
1 person	$47,520	$95,040	$118,800
2 people	$54,280	$108,560	$135,700
3 people	$61,080	$122,160	$152,700
4 people	$67,840	$135,680	$169,600
5 people	$73,280	$146,560	$183,200

What it means: income before taxes has to be at or under the number for the household's size.

Source: the same listing, highest yearly income by household size.

Apartments at 650 First Avenue open to each household size, lottery 7314

1 person

2 people

3 people

4 people

5 people

View the data table

Household size	Apartments open to that size
1 person	24
2 people	28
3 people	18
4 people	4
5 people	4

What it means: households of four or five could apply for four apartments.

Source: the listing's household sizes; counts by VoucherMatch.

The income gaps: incomes no apartment accepts

One person$47,521 to $75,702.
Two people$54,281 to $75,702.
Three people$61,081 to $81,085.
Four people$67,841 to $97,405.
Five people$73,281 to $97,405.
Below $37,989no apartment, unless the household has a voucher or rental subsidy. Three people need $40,698, and four or five need $48,892.

What it means: each gap sits between the 40% AMI top and the lowest 80% AMI minimum for that size. The 80% and 100% ranges overlap, so there is no gap between them.

Source: VoucherMatch's arithmetic from the listing's incomes.

Key pointasset limits. The rent table lists $67,840 at 40% AMI, $135,680 at 80% and $169,600 at 100%. The FAQ sets each at "the maximum income limit for a four (4)-person household" at that level.

The listing today and the December 2025 news report

Rents and countsthe same in the listing and YIMBY's December 17, 2025 report.
Income rangesYIMBY printed $37,886 to $175,000. The listing now shows $37,989 to $183,200.
DeadlineYIMBY printed "February 18, 2025". The listing says February 18, 2026.

What it means: no page opened says when or why the incomes changed.

Source: New York YIMBY; Housing Connect listing, October 21, 2026.

Which Rents a CityFHEPS or Section 8 Voucher Reaches

The 16 apartments at 40% and 80% AMI are under the 2026 CityFHEPS maximums. Of the 12 at 100% AMI, the studios are $14 under the maximum, and the one- and two-bedrooms are $28 and $293 over.

This was a city lottery on NYC Housing Connect, and the listing names HPD as its agency. The Housing Connect FAQ says: "Minimum income requirements do not apply if you have a voucher or a rental subsidy. However, rent should be within maximum limits allowed by your voucher or rental assistance program."

Lowest and highest lottery rent at 650 First Avenue against the 2026 CityFHEPS maximum, by size, in dollars a month

Lowest rentHighest rentCityFHEPS maximum

Studio

$940

$2,590

$2,604

One-bedroom

$995

$2,762

$2,734

Two-bedroom

$1,168

$3,290

$2,997

View the data table

Apartment size	Lowest rent	Highest rent	CityFHEPS maximum
Studio	$940	$2,590	$2,604
One-bedroom	$995	$2,762	$2,734
Two-bedroom	$1,168	$3,290	$2,997

What it means: the lowest rent in each size is the 40% AMI rent, and the highest is the 100% AMI rent.

Source: rents from the Housing Connect listing; maximums from DSS-8r, which calls them "the maximum rent amounts if all utilities are included in the lease", in effect since April 1, 2026.

The listing says: "Rent includes hot water. Tenants are responsible for electricity, including electric stove and heating." So VoucherMatch subtracts DSS-8r's "Electric with Cooking Range" and "Electric Heat Only" allowances.

Apartment size	CityFHEPS maximum	Less both allowances	100% AMI rent
Studio	$2,604	$2,441	$2,590
One-bedroom	$2,734	$2,546	$2,762
Two-bedroom	$2,997	$2,748	$3,290

What it means: the 100% AMI rents are $149, $216 and $542 over the adjusted maximum. The 80% AMI rents of $2,040, $2,173 and $2,583 are under it.

Source: DSS-8r, 2026 payment standards and utility allowances ($111 and $52 for a studio, $126 and $62 for a one-bedroom, $167 and $82 for a two-bedroom); subtraction by VoucherMatch.

Maximum income still counts: the FAQ waives the minimum, not the maximum.
Credit check: the FAQ says "Applicants qualifying with rental subsidy are not subject to a credit check or review of rental history."
Section 8: NYCHA and HPD set their own limits. See the New York City Housing Authority page and Section 8 payment standards in NYC for 2026. For allowances, read Section 8 utility allowances in NYC.

White-tiled subway passage with a stairway rising to street level under a sign reading Exit 32 St-Park Av So, yellow-edged steps, metal handrails and a subway map on the wall at left — An exit stair at the 33 St station on the 6 line, about half a mile from 650 First Avenue, in 2018. Photo: Tdorante10, CC BY-SA 4.0, via Wikimedia Commons; cropped. Photo: Tdorante10, CC BY-SA 4.0, via Wikimedia Commons (cropped to 16:9 (rows 285 to 3363 of 3648) and reduced 0.29 times).

How the Rents Compare With HUD's Figures for ZIP Code 10016

Every lottery rent is below HUD's figure for its size in ZIP code 10016. The closest, the $3,290 two-bedroom, is $1,170 under.

Lowest and highest lottery rent at 650 First Avenue against HUD's fiscal year 2027 fair market rent for ZIP code 10016, in dollars a month

Lowest rentHighest rentHUD fair market rent, ZIP 10016

Studio

$940

$2,590

$3,890

One-bedroom

$995

$2,762

$4,100

Two-bedroom

$1,168

$3,290

$4,460

View the data table

Apartment size	Lowest rent	Highest rent	HUD fair market rent, ZIP 10016
Studio	$940	$2,590	$3,890
One-bedroom	$995	$2,762	$4,100
Two-bedroom	$1,168	$3,290	$4,460

What it means: the 100% AMI studio and one-bedrooms are $1,300 and $1,338 under HUD's figures.

Source: rents from the Housing Connect listing; HUD's Small Area Fair Market Rents for fiscal year 2027, in effect since October 1, 2026, for ZIP 10016, the building's ZIP in the listing, permits and PLUTO.

HUD's figures include most utilities. The lottery rents leave out electricity, which tenants pay, so the real gap is smaller. See voucher apartments in ZIP 10016 and Manhattan studios that take Section 8.

How 650 First Avenue Was Bought and Financed

Property records show First and River LLC buying the building for $33,500,000 on March 23, 2023, with TD Bank loans recorded the same day.

Recorded documents for Manhattan block 969, lot 1, since 2023
Document	Parties	Amount
Deed, March 23, 2023	Jericho Office, LLC to First and River LLC	$33,500,000
Mortgage, March 23, 2023	First and River LLC and TD Bank, N.A.	$16,020,000
Mortgage, March 23, 2023	The same two parties	$8,480,000
Agreement, March 23, 2023	The same two parties	$25,500,000
Leases and rents, March 23, 2023	The same two parties	$50,000,000
Two assignments, March 23, 2023	Signature Bank, Signature Bridge Bank, N.A., and TD Bank, N.A.	none listed
Declaration, June 1, 2026	First and River LLC	none listed

Showing the first 4 of 7 rows. View allCollapse table

What it means: the index does not say what the agreement or the 2026 declaration covers.

Source: ACRIS, Manhattan block 969, lot 1.

Commercial Observer reported that the sale "paid off the remaining balance of a $27 million financing Signature Bank provided in 2016." ACRIS shows Signature Bank's mortgage assigned, through Signature Bridge Bank, to TD Bank the same day. The ACRIS records opened show no HPD or Housing Development Corporation loan.

Preferences, Building Features and Fees at 650 First Avenue

The listing shows no preference or set-aside rows. Tenants pay electricity, and four shared spaces carry fees.

Who got preference: what the listing shows and what HPD says in general

In this listingno preference or set-aside rows, read October 21, 2026.
Disabilitythe FAQ says "Federal disability statutes give preference to five percent (5%) of units" for mobility disabilities and "Another two percent (2%)" for hearing or vision.
Community boardthis preference "does not apply to developments that do not receive City financing, e.g., those that only receive a tax exemption."

What it means: no page opened says which preferences applied to this lottery. Ask the hotline, 212-863-7990.

Source: Housing Connect listing for lottery 7314 and FAQ.

What the building has: listed, extra cost, not stated

In the apartments, per the listingwashers and dryers, a dishwasher, air-conditioning, hardwood floors and "High-end kitchen appliances".
Building, per the listingan elevator, an accessible entrance, a security guard, an on-site resident manager, and a smoke-free policy. The text adds "a 24-hour lobby security attendant".
Extra costthe listing names a "*lounge, *fitness center, *outdoor terrace and *bike storage (*amenity fees apply)".
Utilitiestenants pay electricity, including the electric stove and heat. Rent includes hot water.
Petsthe listing says the building is "pet friendly".
Fees to applythe listing's field for deposits or application fees is set to no.
Not statedthe amenity fees, apartment sizes, floors and bathrooms.

What it means: the fee for each shared space is not published.

Source: Housing Connect listing.

A ferry landing on wooden piles over the East River with a long white wavy canopy on angled white supports, a ferry docked at right beside a sign reading Slip A, a highway viaduct at left and office towers behind — The East 34th Street ferry landing on the East River in January 2024. 6sqft names the NYC Ferry stop here as nearby transit. Photo: Transpoman, CC BY-SA 4.0, via Wikimedia Commons; cropped. Photo: Transpoman, CC BY-SA 4.0, via Wikimedia Commons (cropped to 16:9 (rows 420 to 2688 of 3024) and reduced 0.40 times).

What Happens After the Housing Connect Lottery and Where Openings Are Posted

Applications for the 28 apartments were due February 18, 2026. On the City's lottery data, last updated October 5, 2026, the lottery's status is "Tenant Selection".

How the 28 apartments are filled

1Log numbers"Within a few weeks after the lottery application deadline, Housing Connect randomly assigns log numbers".
2Review"The developer reviews them in log number order (starting with those who meet preference categories) and contacts applicants."
3Documents"If your log number comes up, the developer will contact you to submit documents."
4TimingHPD's guide says "You may hear about the status of your application within two to twelve months after the deadline."

What it means: the lottery data does not say how many apartments are leased. The guide adds that "you will only have a few business days to submit your documents".

Source: step one from the Housing Connect FAQ; steps two to four from HPD's applying guide.

If you applied, have these ready

ID for every adult. the FAQ accepts "drivers’ licenses, non-driver state ID cards, and IDNYC cards"
Children under 18. "Birth certificates or other forms of documentation like a school letter"
Income, address and assets. "pay stubs, tax returns, proof of address, and asset documentation"
Rent history or credit. proof of 12 months of full rent payments, or a credit review
Voucher. proof of the subsidy and the rent it covers

What it means: the request for documents lists the exact papers. The FAQ says to send "ALL requested documents in one submission".

Source: Housing Connect FAQ.

Check before you payapplying through NYC Housing Connect is free. Its FAQ says "There is no fee to apply for housing using Housing Connect"; a marketing agent may charge a credit or background check fee of no more than $20 per household. No payment app, wire or gift card buys a place in a lottery, and no one should charge you to see or hold an apartment. Apply only at housingconnect.nyc.gov or by mail to the address in the official listing.

Where the next openings are posted, checked October 21, 2026

Housing Connectlottery 7314 was not among the 19 rentals in the site's open-lottery search. No newer listing for the building was found there or in the City's lottery data. New lotteries are posted at housingconnect.nyc.gov.
Re-rentalsthe FAQ says vacant units "may be made available for applicants outside of Housing Connect". HDC's re-rental search listed 24 advertisements, none for this building.
Paper applicationsthe listing said to request one from "37th and 1st Apartments, Attn: Settlement Housing Fund, 247 West 37th Street, 19th Floor", New York, NY 10018.
PostmarkYIMBY wrote that applications had to be "postmarked or submitted online". The listing gives no postmark rule.

What it means: as of October 21, 2026, VoucherMatch found no open application or waiting list for these apartments.

Source: Housing Connect's open-lottery search and borough count (2 Manhattan rentals); the City's lottery data; HDC's re-rental data; the listing; New York YIMBY.

What Is Known and Not Yet Known About 650 First Avenue

The rents, incomes, deadline and lottery status are published. How many apartments have been leased is not.

Known and not yet known on October 21, 2026, and whom to ask

Not publishedhow many lottery apartments have been offered or leased, whether the building keeps a waiting list, and the amenity fees.
Not explainedwhy the incomes changed after December 2025, and why city data calls a conversion "New Construction".
Not confirmedwhether HPD granted the 467-m exemption.
Photos left outon October 21, 2026, VoucherMatch did not use the leasing site's pictures. Its main exterior photo has been edited with a blur around the building, so no image from that site is used.
Whom to askthe Housing Connect hotline, 212-863-7990, "from 9am to 5pm on weekdays", or nychousingconnect@hpd.nyc.gov.

What it means: check each line again before acting on it.

Source: Housing Connect listing and FAQ; city records named above.

If You Need an Apartment Now

No waiting list is posted, so a household that needs to move has to look elsewhere.

Open in Manhattan now: Housing Connect's search listed 345 East 17th Street, due November 9, 2026, and 1 Gouverneur Lane, due November 17, 2026.

3 bedrooms apartment in Harlem, Manhattan — Manhattan apartments on VoucherMatch that take vouchers, nearest to 650 First Avenue first

Voucher in hand: browse Section 8 apartments in Manhattan and CityFHEPS apartments in Manhattan.
No voucher yet: read how to get a housing voucher in NYC, compare CityFHEPS vs Section 8, or see low-income apartments in New York City.

Frequently Asked Questions

Was 650 First Avenue on NYC Housing Connect?

Yes. 37th and 1st Apartments at 650 First Avenue was lottery 7314 on NYC Housing Connect. It offered 28 apartments at 40%, 80% and 100% AMI, from $940 to $3,290 a month. Applications were due February 18, 2026. As of October 21, 2026, the City's data listed it in "Tenant Selection", and no waiting list was posted.

What is the rent at 37th and 1st Apartments?

The six apartments at 40% AMI rent for $940 to $1,168 a month. The 10 at 80% AMI rent for $2,040 to $2,583, and the 12 at 100% AMI for $2,590 to $3,290. Tenants pay electricity, including the electric stove and heat. Rent includes hot water, and some shared spaces cost extra.

How much do you have to earn for 650 First Avenue?

At 40% AMI, from $37,989 a year, up to $47,520 for one person. At 80% AMI, from $75,703. At 100% AMI, from $94,560, up to $183,200 for five people. Some incomes fit no apartment, such as $47,521 to $75,702 for one person. With a voucher, the FAQ says the minimum does not apply.

Does 650 First Avenue take Section 8 or CityFHEPS?

Housing Connect accepts both, but the rent must fit the voucher. The 16 rents at 40% and 80% AMI are under the 2026 CityFHEPS maximums, even after subtracting electric allowances. The 100% AMI rents are over the adjusted maximums by $149 to $542. Ask DSS or the housing authority before applying anywhere.

Is 37th and 1st Apartments the same building as 650 First Avenue?

Yes. Housing Connect lists 37th and 1st Apartments at 650 1 Avenue, Manhattan block 969, lot 1. The leasing site calls it 650 First Ave, and HPD's data names the project East 37th Street Apartments. The leasing site says the Kips Bay Brewing Company began at the site in 1894.

Is 650 First Avenue in Murray Hill or Kips Bay?

City Planning's address search and the lottery listing say Murray Hill. Department of Buildings records use the area name Murray Hill-Kips Bay, and the listing's text says "Murray Hill / Kips Bay". The building is in Manhattan Community District 6, ZIP code 10016, at First Avenue and East 37th Street.

Are the rents at 650 First Avenue below market?

Yes, by HUD's figures. Every lottery rent is below HUD's fiscal year 2027 figure for its size in ZIP code 10016. The closest is the $3,290 two-bedroom, $1,170 under HUD's $4,460. HUD's figures include most utilities, and tenants here pay electricity, so the real gap is smaller.

Sources for this article (24)

Housing Connect listing for lottery 7314 (housingconnect.nyc.gov)
Housing Connect FAQ (housingconnect.nyc.gov)
DSS-8r (nyc.gov)
DOB NOW filings (data.cityofnewyork.us)
older job filings (data.cityofnewyork.us)
certificates of occupancy (data.cityofnewyork.us)
production data (data.cityofnewyork.us)
lottery data (data.cityofnewyork.us)
lottery building data (data.cityofnewyork.us)
PLUTO (data.cityofnewyork.us)
ACRIS (data.cityofnewyork.us)
address search (geosearch.planninglabs.nyc)
467-m page (nyc.gov)
Applying for Affordable Housing (nyc.gov)
re-rental search (nychdc.com)
650 First Ave (650first.com)
history page (650first.com)
Commercial Observer (commercialobserver.com)
October 18, 2024 (newyorkyimby.com)
December 17, 2025 (newyorkyimby.com)
6sqft (6sqft.com)
station data (data.ny.gov)
Small Area Fair Market Rents (huduser.gov)
housingconnect.nyc.gov (housingconnect.nyc.gov)

Stay Updated on Housing

Get the latest on fair market rents, voucher programs, and finding housing.

No spam, ever. Unsubscribe anytime.

VoucherMatch Editorial Team

Every rule, date and dollar amount in this article is checked against the agency document it comes from, and the sources are listed above. How VoucherMatch articles are researched and corrected