Affordable Housing Lottery Opens for New Gowanus Build

"An affordable housing lottery opened for a new nine-story development that replaced a former parking lot next to the now-demolished Green Building in Gowanus. This is the affordable component of Rabsky Group's two-tower Westmark development, made possible by the area's rezoning. It sits between Bond Street and the Gowanus Canal."

"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 and 60 percent 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 and 130 percent 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."

"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."

An affordable housing lottery opened for 325 Bond Street Apartments, a nine-story development replacing a former parking lot near the demolished Green Building in Gowanus. The building is part of Rabsky Group’s larger two-tower Westmark project enabled by rezoning, located between Bond Street and the Gowanus Canal. The lottery includes 153 rent-stabilized, income-restricted units: studios, one-bedroom, and two-bedroom apartments, with 122 units considered truly affordable for households earning 40% and 60% of Area Median Income. Additional units target households earning 110% and 130% of AMI. The building contains 179 units and includes amenities such as a business center, children’s playroom, gym, yoga studio, rooftop terraces, bike storage, media room, and shared laundry, with some amenities available for a fee. Apartments include dishwashers and in-unit washers and dryers, while tenants pay electricity and rent covers heating and hot water.

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