Windsor Terrace Affordable Housing Lottery Opens With $874 One-Bedrooms

An affordable housing lottery has launched for 95 apartments in an under-construction contemporary-style building curving along Machate Circle/Park Circle in Windsor Terrace across from Prospect Park and the Parade Grounds. Dubbed One Park Point but with an address of at 11 Ocean Parkway, the 13-story, 375-unit complex is one of the largest residential developments on the southwest side of Prospect Park and went through a spot rezoning to be constructed.

Of the 95 one- and two-bedroom apartments in the lottery, all income restricted and rent stabilized, 76 could be deemed truly affordable. Those are for families earning 40 to 60 percent of the Area Median Income, with limits set between $33,806 and $152,500 for households of one to five people, according to the listing.

There are 54 one-bedrooms going for $874 and $1,372 a month, and 22 are two-bedroom apartments for $1,031 and $1,631. The remaining units in the lottery are for those earning 100 percent of AMI, including 13 one-bedrooms priced at $2,375 a month and six two-bedrooms going for $2,832 a month.

Designed by INC Architecture and Design, the mixed-used structure will include a gym, dance studio, outdoor areas, children’s playroom, package lockers, garages, electric car charging stations, bike storage, a dog washing station, green roof, and high speed Internet. The building is smoke free and pet friendly, but pet restrictions and amenity fees apply, according to the listing.

Apartments will have washers and dryers, dishwashers, energy-efficient appliances, air conditioning, and hardwood floors. Tenants pay for electricity, including electric stoves and electric heating.

Renderings show a checkerboard facade created by vertical stripes of beige brick over dark brown horizontal bands and large windows. Tufts of green — rooftop plantings — spill over the top. While renderings don’t depict nearby buildings, One Park Point will be about twice as tall as its six-story neighbors on the circle. Interior renderings reveal pale wood, beige tile, and stainless steel finishes.

The new-building permit approved by the Department of Buildings says the development will have 101 covered parking spaces, 301,903 residential square feet, 5,346 square feet of commercial space, and 3,501 square feet of community space.

According to city records, 312 Coney Island Avenue LLC entered a ground lease with the International Baptist Church Inc. in 2017 for $5.43 million to develop on the church’s land. The document shows the lease expires in 2071 with an option for the developer to extend for another 49 years. Israel Bobby Dweck, a principal for Focus Property Group, is the signatory for the LLC on the lease agreement. Sometime between late 2021 and 2022, a three-story brick building that was used as a school by the church was demolished, Google Maps shows.

The development benefits from a spot rezoning that requires affordable units under the city’s Mandatory Inclusionary Housing Program. It might also qualify for the now-expired 421-a tax exemption program.

The One Park Place lottery closes on June 4. To apply, visit the listing on New York City’s Housing Connect website.

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