Affordable Housing Lottery Opens for 20 Units in Bed Stuy, Starting at $1,102 a Month
The lottery is set at an area median income range of 80 percent for 13 of the units and 130 percent for the remaining seven.
Image via EXR
An affordable housing lottery has opened for 20 newly constructed units in an eight-story building at 633 Marcy Avenue, between Hart and Pulaski Street, in Bed Stuy. The site was formerly a one-story garage.
Of the affordable apartments, there are 14 one-bedroom units and six two-bedroom units. Monthly rents start at $1,102 and top out at $2,665.
The lottery is set at an area median income range of 80 percent for 13 of the units and 130 percent for the remaining seven. Eligible incomes range between $46,732 and $135,590 for households of one to four people.
Zelig Weiss of Riverside Developers is the developer (the firm is also behind the William Vale hotel in Williamsburg). There will be 64 total units, according to building records, along with indoor recreational space, bicycle storage, 18 parking spaces on the ground floor and a rooftop terrace.
There will also be a gym and a children’s playroom, according to the lottery listing.
Leasing for market-rate units began in September 2018. Based on the listing photos, the units have semi-open kitchens, with a shelving unit separating it from the main living space. There are hardwood floors throughout, floor-to-ceiling windows in both the living rooms and bedrooms, and bathrooms with grey wall tile with cabinets and shelving.
The cheapest of the market rate units, a two-bedroom apartment, was asking $2,600 a month. That is $65 less than the most expensive of the affordable units in the lottery.
Applications for the affordable housing lottery must be submitted by January 9, 2019. Apply through NYC Housing Connect. To learn more about how to apply for affordable housing, read Brownstoner’s guide.
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