1561 Walton Avenue

1561 Walton Ave, New York City, New York 10452

Contact 1561 Walton Avenue

Built on the site of a former New Settlement parking lot, the 11 story 1561 Walton Avenue project includes one studio, 19 one-bedroom, 30 two-bedroom, and 9 three-bedroom apartments, for very low- to moderate-income households, including 8 families leaving shelters and one from Settlement Housing Fund’s longer term transitional housing.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	From $558 To $1,254
Two Bedroom (2/1)	-	From $676 To $1,511
Three Bedroom (3/1)	-	From $775 To $1,740

Eligibility for 1561 Walton Avenue

1561 Walton Avenue Details

60 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Wheel Chair Accessible

Unit Amenities

Air Conditioning

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.