Four of the six units are vacant and two existing tenants pay below-market rents.
Most of the residents have stayed put; they could never get this much space - some apartments are 2,000 square feet - for below-market rents.
The same complex will also offer 64 one-bedroom units at below-market rents of $600 to $760 a month, including utilities.
Developers, in turn, must agree to charge their tenants below-market rents.
That building includes 120 units offered at below-market rents.
Among younger people who have saved money while living at below-market rents, buying has been an option.
The below-market rents for the $8.7 million rehabilitation were achieved through a combination of Federal and city programs.
Regulated apartments with below-market rents, however, continue to be scarce.
It would provide about 3,500 square feet of office space on Eighth Avenue at below-market rent for use by a few small companies.
And the printing company benefits from getting below-market rent.