Affordable housing lottery launches for 23-story Fort Greene tower on Fulton Street * Brooklyn Paper
Briefly

An affordable housing lottery has opened for 49 rent-stabilized apartments in a new 23-story tower on Fulton Street, Fort Greene. This development replaces a low-rise building and aims to house households earning 80 to 130 percent of the Area Median Income. The apartments include six affordable units with prices ranging from $1,869 to $2,375 monthly. Many modern amenities are offered, including a recreation room, yoga studio, and rooftop terrace. The development is named Fulton Greene and features a mix of affordable and market-rate housing options.
The lottery for 570 Fulton Street Apartments includes studio, one-, and two-bedroom units, all rent stabilized and income restricted, set aside for households earning 80 to 130 percent of the Area Median Income.
There are six actually affordable apartments, all at 80 percent of AMI: one studio priced at $1,869 a month, four one-bedroom apartments for $1,993, and one two-bedroom apartment renting for $2,375 a month.
The building offers a recreation room, yoga studio, gym, rooftop terrace, and bike lockers, but some amenities may require an additional fee.
The website for the development, dubbed Fulton Greene, says there is also a co-working space and pet spa.
Read at Brooklyn Paper
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