Moinian Group Opens Housing Lottery for 250 Unit Aria 7 Platt Tower in Financial District

• Moinian Group launched a housing lottery for 75 units at Aria 7 Platt
• The 38-story tower includes 250 total units with mixed income levels
• Rents range from $1819 to $4484, depending on unit type and income

What Moinian Group is offering in the Financial District

The housing lottery has launched at Aria 7 Platt, a 38-story mixed-use tower located at 7-13 Platt Street in Manhattan’s Financial District. The project is developed by The Moinian Group and delivers a total of 250 residential units. Of those, 75 units are being offered through the city’s affordable housing lottery program, targeting residents earning between 70 percent and 130 percent of the area median income. This type of structure allows the developer to balance market-rate units with income-restricted housing while maintaining overall project viability.

What the pricing and unit mix signal

The lottery includes a mix of studios, one-bedroom, and two-bedroom units. Pricing starts at $1819 for studios at 70 percent AMI and reaches up to $4484 for two-bedroom units at 130 percent AMI. Income eligibility ranges from $68126 to $227500, reflecting a wide middle-income band rather than deeply affordable housing. This approach aligns with a growing trend in Manhattan where developers target moderate-income renters. For landlords and investors, this model helps stabilize occupancy while still capturing higher rents on market-rate units.

What the amenity package adds to the asset

Aria 7 Platt includes a full suite of amenities designed to compete with luxury rental buildings in Lower Manhattan. Features include a gym, rooftop terrace, media room, coworking spaces, and concierge services. Units are equipped with modern finishes, in-unit laundry, smart climate controls, and high-speed internet. Additional services such as valet trash and community programming, enhance tenant experience. This level of amenity offering positions the property to attract long-term tenants and reduce turnover.

What this means for Manhattan multifamily demand

The launch of this lottery highlights continued demand for mixed-income housing in the Financial District. As rents remain elevated across Manhattan, developments that offer a range of price points are seeing strong interest. For developers like Moinian Group, incorporating affordable units allows access to incentives while maintaining a competitive rental asset in a prime location. With applications open through June 8, 2026, the lease-up process will provide insight into demand across different income tiers in the current market.