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The Water Street Apartments at 60 Water Street in Dumbo are now taking applications for affordable units there. Construction on the Two Trees development, known as Dock Street Dumbo, started in 2012. The 18-story mixed-use development will have 300 rental units in total, including 58 affordable units. The affordable units will range from studios to two-bedrooms.

Monthly rents will start at $538 for a studio and go up as high as $893 for some two-bedroom units, according to an email sent out by Community Board Two. Income caps range from approximately $23,000 a year for a studio to $42,000 a year for a family of four. Applications must be postmarked by April 7. For more information, or to download an application, go to http://www.phippsny.org/page/135.

Steel up at Dock Street Development [Brownstoner]
Rendering via Curbed


What's Your Take? Leave a Comment

  1. No, your not a jerk!!!
    Because I was thinking the same thing as I read it. “Oh, maybe I should apply”…. then I saw 42K for a family of 4, a family of 4!!!and my first thought was, then you have of had 2 kids…..duh !!! why should you get to live in a brand new building like that?
    I work all day, everyday, I make more than 42K, but not enough to have the lifestyle I want to paying market rates at what they are today….. so I am classic middle class…..no one is going to help me but myself….

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