60% AMI Tier
Bronx • 10457 3 Affordable Units
1938 Prospect Avenue
1938 PROSPECT AVENUE, Bronx, NY 10457
1938 Prospect Avenue Map & Location
Coordinates: 40.8440, -73.8894 | ~25 min transit to Midtown
Starting Estimated Rent
~$1450/mo
Save ~$1950/mo
Min 30x Rent Floor
$43,500
30x monthly total rent
1-Person Income Cap
$65,220
Statutory 60% Cap
2-Person Income Cap
$74,520
Combined gross income
Building & Leasing Details
- Registry & Program
- NYC Housing Connect Registered Property
- Borough / Zone
- Bronx
- Leasing Contact
- Inquire via 7-Point Pre-Screening
- Housing Connect Portal
- Visit NYC Housing Connect →
Source: City of New York HPD Affordable Housing public dataset.
Required Application Documents
Per NYC Department of Housing Preservation & Development (HPD) compliance guidelines, leasing agents must verify all items below before certifying lottery or direct waitlist files.
- 3 Consecutive Months of Complete Bank Statements: From all checking, savings, and peer-to-peer payment apps (CashApp, Venmo, PayPal).
- Last 4–6 Consecutive Pay Stubs / W2s: Or past 2 years 1040/Schedule C tax returns if self-employed.
- Full-Time Student Rule Attestation: Full-time students must qualify under federal HUD marriage, single parent, or foster care exceptions; part-time students qualify normally.
- Employment Verification Letter: Must specify hire date, title, hourly wage or salary, and anticipated annual bonus.
Qualification Corridor
The 30x Rule Floor
You must earn at least $43,500/year (~$3625/month) to satisfy landlord rent-to-income requirements.
The Statutory AMI Ceiling
You cannot earn more than $65,220 (1 person) or $74,520 (2 persons) to qualify under city law.
Utilities & Surcharges
Heat and hot water are legally mandated to be included in NYC rent. Electric, cooking gas, and amenity subscriptions are separate.