Ocean Hill Affordable Housing Lottery Has $814 Two-Bedrooms

"The 100 percent affordable 10-story development has risen on a formerly vacant lot and includes supportive housing. An affordable housing lottery has launched for a 100 percent affordable 10-story development that has risen on a formerly vacant stretch of Pacific Street in Ocean Hill. The building has a total of 236 apartments, of which 93 are included in the lottery."

"The remaining 143 are supportive units set aside for formerly homeless people and families with special needs, with priority given to families and domestic violence survivors. All of the 93 one-, two-, and three-bedroom apartments in the lottery for 2425 Pacific Street Apartments at 2425 Pacific Street are rent stabilized and set aside for families earning 30, 40, 60 and 80 percent of Area Median Income, according to the listing. That includes households of one to seven people earning between $28,115 and $160,720 a year."

"The 34 one-bedroom apartments are priced between $693 and $2,211 a month, the 31 two-bedrooms are going for $814 to $2,636 a month, and the 28 three-bedrooms cost $925 to $3,031 a month, depending on income level. The building has been developed by affordable housing provider Brooklyn Community Housing & Services in partnership with Love Fellowship Tabernacle and Alembic Community Development."

2425 Pacific Street in Ocean Hill is a 10-story, 100 percent affordable development with 236 apartments. Ninety-three units are available through an affordable lottery; 143 units are supportive housing for formerly homeless people and families with special needs, prioritizing families and domestic violence survivors. Lottery apartments are rent-stabilized for households at 30, 40, 60, and 80 percent of Area Median Income and include one- to three-bedroom units for one- to seven-person households. Monthly rents range from $693 to $3,031 depending on unit and income level. The all-electric building follows Green Building standards, was developed by Brooklyn Community Housing & Services with partners, and offers amenities including a gym, community room, laundry, bike storage, patio, and a children’s play area. Tenants pay electricity; rent covers heat and hot water. The building is smoke-free.

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