A new nine-story, 179-unit development at 325 Bond Street opened an affordable housing lottery. The project replaced a former parking lot near the demolished Green Building in Gowanus and is part of Rabsky Group’s two-tower Westmark development enabled by rezoning. The lottery includes 153 rent-stabilized, income-restricted studio, one-, and two-bedroom apartments, with 122 units considered truly affordable for households earning 40–60% of Area Median Income. Rents vary by unit type, including studios around $903–$1,397, one-bedrooms around $960–$1,491, and two-bedrooms around $1,142–$1,777. Additional units target households earning 110–130% of AMI. The building offers amenities such as a business center, playroom, gym, yoga studio, rooftop terraces, bike storage, media room, and shared laundry, with some amenities available for a fee. Apartments include dishwashers, in-unit washers and dryers, and energy-efficient appliances; tenants pay electricity, while rent includes heating and hot water.
"Included in the lottery for 325 Bond Street Apartments are 153 studio, one-, and two-bedroom apartments, all rent stabilized and income restricted, 122 of which could be deemed truly affordable. Those are set aside for families earning 40-60% of the Area Median Income, or between $34,766 and $109,920 a year for households of one to five people, according to the listing."
"Of those units, 31 are studios going for $903 and $1,397 a month, 36 are one-bedrooms at $960, $961, and $1,491 a month, and 25 are two-bedroom apartments going for $1,142 and $1,777 a month. The remaining apartments are aimed at households of one to five people earning 110-130% of AMI, or $94,080 to $201,520 for households of one to five people. One-bedrooms in this bracket cost $2,815 and $3,821 a month."
"Permits show that Hamish Whitefield Architects P.C. designed the nine-story, 179-unit building. President Union LLC, an LLC controlled by Rabsky Group, developed. The building includes a business center, children's playroom, gym, yoga studio, rooftop terraces, bike storage lockers, media room, and shared laundry room, according to the listing, which says some amenities come at a fee. The building is smoke free and pet friendly, with multiple pets allowed, according to the listing."
"Apartments have dishwashers, washers and dryers, and energy efficient appliances, the listing notes. Tenants have to pay for electricity, which includes the stove. Rent includes heating and hot water. Renderings show the building, which has a setback on the sixth story, finished in orange brick. The ground, second, and sixth floors have arched windows, while the rest of the building has divided s"
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