Real Estate

Affordable Housing Lottery Opens for 27 Units in Greenpoint, Starting at $1,208 a Month

Of the affordable apartments, there are two studios, 23 one-bedroom units and a pair of two-bedroom units.

Photo via NYC Housing Connect

by Craig Hubert

06/21/2021 0

An affordable housing lottery has opened for 27 units in a seven-story building at 1056 Manhattan Avenue, between Eagle and Freeman Street in Greenpoint. As its name, the building uses the alternate address of 150 Eagle Street.

Of the affordable apartments, there are two studios, 23 one-bedroom units and a pair of two-bedroom units. Monthly rents start at $1,208 and top out at $2,592.

The lottery is set at an area median income range of 80 percent for 18 of the units and 130 percent for the remaining nine units. Eligible incomes range between $45,086 and $139,620 for households of one to five people.

The building will have 90 apartments in total. The ground floor spaces will have retail, according to building permits. There will be 36 parking spaces in the cellar, along with storage spaces and a recreation room.

It takes the place of six different buildings, ranging from one to three stories, many of which were formerly occupied by the furniture store J. Josephs & Sons Co.

The site in 2012. Photo by Christopher Bride for PropertyShark

Fariba Makooi of Fischer Makooi Architect (the former of the pair referring to well-known Brooklyn architect Karl Fischer, who passed away in 2019) is the applicant of record.

Joel Weiss of Empire Management is listed as the owner on building permits. He purchased the seven lots in 2015 for a combined $18 million.

Market-rate rentals in the building launched in November 2020. Listing photos show standard, modern units with hardwood floors, white walls, nearly floor-to-ceiling windows and small open kitchens. The hardwood continues on the walls in the bathroom.