Lakeview Apartments

4 E 107th St, New York City, New York 10029

Contact Lakeview Apartments

Lakeview’s apartments are spread over four beige brick buildings ranging from 10 – 24 stories, that overlook Central Park in East Harlem. Lakeview was built in 1974 under the state’s Mitchell-Lama program and over time, became plagued by financial and physical distress, including widespread water infiltration and a mortgage that went unpaid for years. Since becoming involved at Lakeview, LIHC Investment Group has acted to stabilize the property and funded more than $20 million in capital improvements, including modernizing elevators; addressing Local Law 11 issues; repairing chronic leaks; installing a $1.5 million project-wide security camera system; replacing electric baseboard heaters, thermostats and transformers; and equipping all apartments with new kitchens and bathrooms. Common area hallways throughout the complex are currently being renovated and outfitted with hardwood floors, and plans are underway to reduce the number of lobbies from four to two to further enhance security.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/1)	-	Call for Price
Four Bedroom (4/1)	-	Call for Price

Eligibility for Lakeview Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in New York City but actual income limits may differ for units at Lakeview Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$29,650	$33,900	$38,150	$42,350	$45,750	$49,150	$52,550	$55,950
50%	$49,450	$56,500	$63,550	$70,600	$76,250	$81,900	$87,550	$93,200
80%	$79,200	$90,500	$101,800	$113,100	$122,150	$131,200	$140,250	$149,300

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in New York City but actual income limits may differ for units at Lakeview Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$49,450	$56,500	$63,550	$70,600	$76,250	$81,900	$87,550	$93,200
Low Income (60%)	$59,340	$67,800	$76,260	$84,720	$91,500	$98,280	$105,060	$111,840

Lakeview Apartments Details

446 one, two, three and four bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Rental Assistance Demonstration (RAD)

Property Amenities

Controlled Access
Elevator
Laundry Facilities

Unit Amenities

Refrigerator
Oven and Range

Nearby Amenities

Near Shopping

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Wednesday	9:00am-5:00pm
Thursday	9:00am-5:00pm
Friday	9:00am-5:00pm

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.

Rental Assistance Demonstration (RAD)

Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.