Lottery Opens for 75 Affordable Apartments at 38-Story FiDi Tower

Rents start at $1,819/month for studios in the new luxury high-rise

Apr. 10, 2026 at 6:23pm

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A brightly colored, high-contrast silkscreen print of a rooftop lounge chair repeated in a tight grid pattern, conceptually representing the luxury amenities of the Aria 7 Platt tower's affordable housing units.The vibrant amenities of the new Aria 7 Platt tower, from rooftop lounging to state-of-the-art fitness, reflect the luxury living experience available through its affordable housing lottery.NYC Today

A housing lottery has opened for 75 mixed-income apartments at a new 38-story residential tower in the Financial District. Developed by The Moinian Group, Aria 7 Platt at 7 Platt Street offers light-filled luxury residences and a range of indoor and outdoor amenities. New Yorkers earning 70 and 130 percent of the area median income can apply for the units, priced from $1,819/month studios to $4,484/month two-bedrooms.

Why it matters

The 250-unit tower is one of the last projects completed under the now-expired 421-a tax abatement program, which incentivized developers to include affordable housing in exchange for property tax exemptions. The addition of these affordable units helps address the ongoing housing crisis in New York City, especially in high-cost neighborhoods like the Financial District.

The details

Constructed by AECOM Tishman, Aria 7 Platt offers a range of luxury amenities including a penthouse lounge, fitness center, library, work pods, resident lounges, private dining spaces, a gaming and virtual reality room, a communal kitchen, and laundry facilities. Outdoor amenities include a rooftop sundeck, landscaped garden lounge, outdoor movie screening area, dining spaces, and a co-working area. The building is located near multiple subway lines, bus routes, and the NYC Ferry.

  • The housing lottery opened this week and will close on June 8, 2026.
  • Leasing for market-rate units at the building launched in January 2026.

The players

The Moinian Group

The developer of Aria 7 Platt, a 38-story residential tower in the Financial District.

AECOM Tishman

The construction company that built the 250-unit tower.

Hill West

The project architect for Aria 7 Platt.

Rockwell Group

The project designer for Aria 7 Platt.

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What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This new affordable housing development in the Financial District provides much-needed options for middle-income New Yorkers, demonstrating how the 421-a program can create a mix of market-rate and subsidized units in high-cost neighborhoods.