Snag Your $563 Studio in a Prime 'Burg Building -- Lottery Opens Wednesday
An affordable apartment in a new luxury building in prime Williamsburg may sound pie-in-the-sky, but for the lucky winners of this housing lottery it will become a reality. Located on the former site of an old Western Carpet Warehouse at 149 Kent Avenue, the 164-unit, seven-story brick development includes 33 subsidized apartments. Units will rent for…
An affordable apartment in a new luxury building in prime Williamsburg may sound pie-in-the-sky, but for the lucky winners of this housing lottery it will become a reality.
Located on the former site of an old Western Carpet Warehouse at 149 Kent Avenue, the 164-unit, seven-story brick development includes 33 subsidized apartments.
Units will rent for as low as $563 a month for studios to a high of $926 a month for two-bedrooms.
Amenities at the development, available to all tenants, will include a rooftop lounge, laundry rooms, community terrace and “fitness rooms.”
The building is being designed by GF55 Partners and will include a 17,800 square foot retail space, to be called the Shops at 149 Kent.
Developer L&M Development bought the site in 2012 for almost $20 million. The old warehouse was demolished back in late 2013.
The lottery for affordable units will open Wednesday, with eligible households earning between $19,303 and $43,150, depending on family size. Available units range from studios to two-bedrooms.
Per usual, 5Â percent of units will be reserved for the mobility impaired, 2Â percent will be reserved for the hearing or visually impaired, 5Â percent will be reserved for municipal employees, and half the units will go to residents of Brooklyn Community Board 1.
To apply, go to NYC Housing Connect.
[h/t: 6sqft]
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