A new affordable housing lottery has been launched for 49 apartments in a 23-story development on Fulton Street in Fort Greene. This structure replaces a previous low-rise building. It includes studio, one-, and two-bedroom apartments categorized based on the income of households earning between 80 and 130 percent of the Area Median Income. The building offers several amenities such as a gym, yoga studio, and rooftop terrace. Some units are rent-stabilized, while other market-rate apartments are also available. There will be retail stores on the ground floor.
The affordable housing lottery has opened for 49 apartments in a new 23-story tower on Fulton Street in Fort Greene, replacing a low-rise building that housed a nonprofit.
The 163-unit development features rent stabilized and income restricted apartments for households earning 80 to 130 percent of the Area Median Income, with prices varying based on income.
Current listings show market-rate leasing for a studio at $3,190 and a one-bedroom at $3,995 a month, while some rent-stabilized units have lower monthly costs.
Amenities include a recreation room, yoga studio, gym, rooftop terrace, and bike lockers, though some may incur additional fees. Ground level will host stores.
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