Dubbed the "poor door," the controversial approval was a blow to New Yorkers who believe the separate entrance to be classist and distasteful.
The 33-story luxury condo on 40 Riverside Drive will have 55 low-income units and 219 market-rate condominiums facing the Hudson River, according to The Post. The low-income units will be located on floors two through six with a studio going for $845 a month, a one-bedroom for $908, and two-bedrooms for $1,099.
Market-rate buyers, on the other hand, would be paying more than $1,000 per square foot. The building will be part of Extell's planned Riverside South dev elopement, which will stretch from 72nd to 59th Streets.
The building is a part of New York City's "inclusionary zoning" strategy for providing affordable housing to low-income families, itself a controversial program that gives developers more floor area and large tax breaks in exchange for building on- or off-site affordable housing.
The "poor door" is not the only one of its kind in the city. A few other large development projects also have separate entrances for renters and owners, and it's not uncommon for mixed-income buildings to provide amenities for the building's market-rate owners that they don't provide for middle-income or low-income residents.And not everyone agrees that the "poor door" is the main problem. Josh Barro, Business Insider's former