Prolific Brooklyn photog polychrome snapped a photo last week of a new building going up at 1247 Flatbush Avenue, noting a prominent sign that said “Affordable Housing for New Yorkers” on the site. Curious, we did a little digging. The 25,000-square-foot project appears to be a combined effort between the non-profit organization Camba and HPD. The DOB filings describe a four-story, 46-unit building. The website of architecture firm Harden + Van Arnam (which specializes in buidling housing for low-income and special needs) elaborates that the the building is geared for “single adults with support services.” It also lists an estimated construction cost of $4.7 million, or just under $200 a foot. Given that the group received the land from the city for free (according to Property Shark), that would mean that the total cost per unit was about $100,000 which translates into a monthly financed cost of, what, $650 or $700? Seems like money well-spent.
Housing Services & Development [Camba] GMAP P*Shark DOB
CAMBA to Break Ground on Supportive Housing Dev [Enterprise Community]
Photo by polychrome