Affordable Housing Lottery in Gowanus Opens With Studios Starting at $833

An affordable housing lottery launched today for 54 new units along the Gowanus Canal at 363 Bond Street, starting at $833 a month for a studio.

The 12-story building is part of a larger development along the canal by Lightstone Group that includes neighboring 365 Bond Street. An affordable lottery for that building opened in 2015, and market rate rentals debuted in 2016.

According to the Department of Buildings, 363 Bond Street will have 268 residential units in total. The entire project will have 697 units when complete, making it one of several mega-projects transforming Brooklyn in recent years.

Its size and siting along one of the biggest Superfund sites in the country made it controversial, and now the larger area in Gowanus is again in the city’s sights for a rezoning as the EPA continues its cleanup of the area.

The units in the lottery will go for $833 for a studio, $895 for a one-bedroom, and $1,082 for a two-bedroom unit.

The apartments are set at 60 percent of the area median income. To qualify for the lottery, one person looking to apply for a studio must have income between $29,897 and $38,100. For a one-bedroom, a one person household must make between $32,057 and $38,1000, and a two person household must make between $32,057 and $43,500.

For the two-bedroom apartments, the apartments are broken into three categories. A two-person household must make between $38,503 and $43,500, a three-person household must make between $38,503 and $48,960, and a four-person household must make between $38,503 and $54,360.

Amenities will include a 24-hour lobby, in-unit washers and dryers, a yoga room, a children’s playroom, a swimming pool, bike storage, gardens and a deck.

Developer Lightstone Group focuses on both residential and hotel development in the New York City area. The architects on the project are Goldstein Hill & West, who are behind other Brooklyn developments such as 1 Flatbush Avenue and 86 Fleet Place.

The lottery for 363 Bond Street opens today and runs through May 19. For more information on the lottery and how to apply, visit NYC Housing Connect. For tips on how to apply, read our Brownstoner guide.

Related Stories

• Your Complete Guide to Applying for Affordable Housing in NYC
• Applications Open for Affordable Units at Controversial Lightstone Development
• Windows, Brick Rising at Lightstone’s Huge Gowanus Development

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