Affordable Housing Lottery Opens for 41 Units in Williamsburg, Starting at $1,231 a Month

An affordable housing lottery has opened for 41 units in a new seven-story building next to the Brooklyn-Queens Expressway at 123 Hope Street in Williamsburg. It was formerly a one-story distribution center for the Quaker Sugar Company.

The building is anticipated to receive a tax exemption through the 421-a program, and falls within the area of the Greenpoint-Williamsburg Rezoning in 2005.

Of the affordable apartments, there are 15 studios, 20 one-bedroom apartments and six two-bedrooms. Monthly rents start at $1,231 a month and top out at $2,759.

The lottery is set at an area median income range of 80 percent for 25 of the units and 120 percent for the remaining 16. Eligible incomes range between $44,160 and $135,240 for households of one to five people.

The building stretches across two lots (the other address is 432 Rodney Street), and will feature a combined 136 units total. Slate Property Group purchased the two lots in 2015 for $31.5 million. According to building permits, they are developing with Adam America.

Below ground is parking space for 92 cars and 70 bicycles. There’s a fitness room on the first floor, along with two retail spaces. On the top floor will be a roof deck.

Aufgang Architects’ Ariel Aufgang is behind the design and based on the renderings it will have a ground floor of light stone, with the top six floors dark red brick. While the rendering suggests open space around the building, including a number of trees and a grassy knoll, in reality, the lots directly across the street, at 120 Hope Street, were formerly a one-story factory that was demolished in 2017, with plans for a new development filed in 2018.

Aufgang also designed a similar looking building with affordable housing at 325 Lafayette Avenue in Clinton Hill, formerly the site of a Key Food, and a conversion and addition to 200 Water Street in Dumbo.

Leasing for market-rate units began in July 2018. Based on the listing photos, the units have large open kitchens with white cabinets, hardwood floors and tall windows.

Applications for the affordable housing lottery must be submitted by May 6, 2019. Apply through NYC Housing Connect. To learn more about how to apply for affordable housing, read Brownstoner’s guide.

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• Affordable Housing Lottery Opens for 28 Pricey Units in East Flatbush, Starting at $1,800 a Month

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