"Included in the lottery for the so-called Baltic House, located at 556 Baltic Street (formerly 159 3rd Avenue), are 23 studio, one-, and two-bedroom apartments, all rent-stabilized and income-restricted, 18 of which could be deemed truly affordable. The rent includes hot water, but tenants have to cover electricity, which includes the stove and heating. Pets under 40 pounds are allowed, subject to approval."
"Ten units are one bedrooms at $1,020 and $1,609 a month. Eight are two bedrooms renting for $1,908 a month. The remaining five apartments are aimed at households of one to five people earning 100 percent of AMI, or between $94,286 and $175,000. Studios in this bracket cost $2,608 and there is a one-bedroom renting for $3,233 a month. The affordable housing lottery is for 23 units in the new development, which includes a slate of amenities like a podcast room."
An affordable housing lottery lists 23 rent-stabilized, income-restricted studio, one- and two-bedroom apartments in a new 11-story, 92-unit building at 556 Baltic Street in Gowanus. Eighteen of the units are reserved for households at 40% and 60% of Area Median Income, with qualifying incomes ranging roughly from $40,595 to $175,000 for one- to five-person households. Rents start at $1,020 for select one-bedrooms, two-bedrooms rent for $1,908, and some units target households at 100% AMI with higher rents. The development includes amenities such as a podcast room, art room, ball court, gym, children’s playroom, theatre, rooftop terrace, backyard, bike room, and dog run. Apartments feature in-unit washers and dryers, air conditioning, and split-unit heating and cooling. Rent covers hot water while tenants pay electricity, and pets under 40 pounds are allowed subject to approval.
Read at Brownstoner
Unable to calculate read time
Collection
[
|
...
]