NYC housing lottery question

So pretty straightforward, incoming AN1, starting October. I had signed up for a couple of the housing lotteries last summer when I was in the city for the summer internship, because I heard about it and figured why not. Now I just got a notification that one of them was accepted, and I got the lottery. I have terrible luck, so nothing short of a miracle, and wasn't expecting it, but here is the question. I technically meet the income requirement. The top bar is 140k for a 1 bedroom, it's a luxury high rise in the upper East Side, pretty sweet tbh. The retail rent is 4k something, and I get it for 2.3k, but when I account for the bonus, I am assuming I will be above 140k. But also, does it matter because it's discretionary and not fixed, so its not guarantee predicted income, and the offer letter doesn't guarantee a bonus either, just the base, so do I meet the requirement then?

They seem to need 4 recent pay stubs, so not sure what to do about it. Have an agent listed there to reach out, so might, but wanted to get some clarity on the bonus part of it. Might not work out, but figured would see if anyone had any tips and advice. Wouldn't mind if I can stay there for at least the first year.

7 Comments
 
Pierogi Equities

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You looking at moving to NYC?

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

I've thought about it, but probably not. I have thought about New England/Boston too as the girl I'm dating is from that general area and I like it up there in some parts.

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.
 

Your income for calendar year 2026 will be under the threshold. Once you're in, even if you make above the threshold, it's going to be very very hard to kick you out. So you're good.

Also, extremely clever thinking on your part to think of the housing lottery at your age. 

 

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