Affordable Rents on Williamsburg Waterfront

The Mixed Income Housing Program of the New York City Housing Development Corporation is now accepting applications for rentals in an affordable building going up along the waterfront at 389 Kent Avenue in Williamsburg, Curbed reported. Variously referred to as 11 Broadway and 15 Dunham Place, the building sounds much like luxury apartments elsewhere in the area with granite countertops, bamboo flooring, a fitness center, bike storage, onsite laundry, a residents lounge and an outdoor roof deck. The 79 apartments range in price from $474 a month for a studio to $2,609 for a three-bedroom. Income requirements vary widely: For example, a single-person household can make as much as $101,675 a year. A family of three would pay $2,262 a month in rent for a two-bedroom and can make as much as $145,250 a year. There is one catch, however: The build is on the site of a former gas station and toxic spill. What do you think of the rents and income requirements? Are they reasonable?
Affordable Housing Should Fit Right In [Curbed] GMAP
Rendering by GreenbergFarrow

One Comment

  • Well, the cheerful news is, there are lots and lots of new buildings on toxic spills in Williamsburg with much more expensive rentals!

    I guess this is a decent deal, it’s what we paid–just about–on that income in 2006.

    But who wants to bet with me that this is a 700 square foot two-bedroom with an enormous kitchen island?