“Castle III” – 107-111 East 123rd Street – will be a 15-story, 82-unit building operated by The Fortune Society, a nonprofit that helps people reenter society after being incarcerated.
Sixty percent of the building’s 82 units would be reserved for homeless, formerly incarcerated people, with another 10 percent reserved for formerly homeless people.
One hundred percent of the apartments will be affordable, open to New Yorkers earning between 30 and 60 percent of the area median income — qualifying as “extremely” and “very” low-income.
For Castle III to be built, the city would need to grant a special zoning permit for the site, on East 123rd between Park and Lexington avenues, to allow for increased density. Developers hope to start construction by 2022 and wrap up in 2024.
Sixty percent of the building’s 82 units would be reserved for homeless, formerly incarcerated people, with another 10 percent reserved for formerly homeless people.
One hundred percent of the apartments will be affordable, open to New Yorkers earning between 30 and 60 percent of the area median income — qualifying as “extremely” and “very” low-income.
For Castle III to be built, the city would need to grant a special zoning permit for the site, on East 123rd between Park and Lexington avenues, to allow for increased density. Developers hope to start construction by 2022 and wrap up in 2024.
