Modern Rent-Stabilized Apartments In Lower Manhattan

If your combined household income is between $45,566 and $167,570 you could qualify for a brand new home at 7 Dey.

The lottery is now open.

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63 newly constructed units are being offered. Qualified applicants will be selected through a lottery to lease rent-stabilized affordable units that are rent restricted and priced for low and middle-income households. The lottery is run in cooperation with SL Green, the NYC Department of Housing Preservation and Development, and the non-profit Settlement Housing Fund, Inc.

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from $1,329

1 Bedroom

from $2,700

2 Bedroom

from $3,235

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In the heart of the Financial District, at the crossroads of Broadway and Dey Street, old world meets new at 7 Dey.


Hardwood flooring throughout
Stone countertops
Stainless steel kitchen appliances
In-unit washer/dryer


Fitness Center
Yoga Studio
Conference Room
Co-Working Room
Roof Deck with Sweeping Views
Lounge with Wet Bar
Bicycle Room
24/7 Concierge
Oculus Entrance
City Hall


A, C, E, 2, 3, J, Z, 4, 5, N, Q, R, W, PATH trains at Fulton Street, WTC
Easy access to NYC Ferry and NY Waterway
South Street Seaport
City Hall Park
Battery Park City
Brookfield Place
One World Observatory
Whole Foods

Frequently Asked Questions

What constitutes income? [+]

Income is from all sources from anyone over the age of 18 in your household. This includes wages, bonuses, tips, unemployment compensation, alimony, child support, pension benefits, Social Security benefits, recurring gifts and public assistance.

Is net or gross income used to determine your income eligibility? [+]

Income will be calculated using gross annual income. (Gross income is the income you receive before any taxes or deductions.) For self-employed applicants, net income is analyzed, which includes net business income from current and prior years. If you are reached for further processing, be prepared to submit a statement that details projected income and expenses through the end of the current calendar year. For more information on how income is calculated, please see the “Applicant Income Guide” from HPD’s website.

What information will I need to present? [+]

Be prepared to present copies of recent years’ federal tax returns, recent paystubs, and copies of financial statements. Start to keep these now so you will have them easily available if you are invited for a consultation. For more information on documentation requirements, please see the “After You Apply” section on HPD’s website.

Are utilities included in the rent? [+] 

Rent includes gas for cooking and heat. Tenant is responsible for electricity.

Is there a fee to use the amenities? [+] 

Yes, there is an amenity fee of $75/month. Bicycle storage is an additional $15/month for each bike.

Do you allow pets? [+] 

Two pets with a maximum fully grown weight of 50 pounds are permitted per apartment.

What happens after I move in? Will I need to requalify every year? [+]

You are only required to qualify at move-in, and thereafter, you can stay in the unit for as long as you wish, even if your income increases. As long as you abide by the terms of your lease, your lease renewal will be offered automatically, and increases will be in accordance with the Rent Guidelines Board.

I need help applying on Housing Connect. [+]

Please send a message to or call 212-863-7990. You can also visit