Affordable Lottery Opens for 41 Pricey Units on Rheingold Site in Bushwick, Starting at $1,432

An affordable housing lottery has opened for 41 newly constructed units in an eight-story building located 115 Stanwix Street, one of several developments on the sprawling former Rheingold Brewery site in Bushwick.

This is the third building on the former Rheingold property to launch an affordable lottery. In March, an affordable housing lottery opened for the two-block complex developed by All Year and designed by ODA at 123 Melrose Street, at the southern end of the sprawling site, and in April another launched for ODA’s eye-popping building at 10 Montieth.

Of the affordable apartments, there are two studios, 28 one-bedroom units, seven two-bedroom units and four three-bedroom units. Monthly rents start at $1,432 and top out at $3,225 a month.

The lottery is set at an area median income range of 80 percent for 16 of the units and 130 percent for the remaining 25 units. Eligible incomes range between $49,098 and $157,300 for households of one to six people.

In the early 2000s, an award-winning complex of affordable housing was completed on part of the former Rheingold Brewery site. In 2013, the remaining undeveloped blocks were rezoned to allow housing.

At the time of the rezoning, Read Property Group, the property’s initial developer, promised 30 percent affordable housing, but later sold some of the parcels to other developers, leading to controversy. The building at 115 Stanwix Street is at roughly 30 percent affordability.

Yet, at 80 and 130 percent of area median income, the rents are out of reach for most low-income households in Bushwick.

Rabsky, who are behind 10 Montieth Street and are redeveloping part of the former Pfizer site in the Broadway Triangle not far from here, was the next developer in line. They sold to Jacob Schwimmer’s JCS Realty in August 2017 for $23 million.

There will be 136 total units in the building. Parking for 65 cars and 65 bicycles, a laundry room, gym, theater room and a commercial space on the ground floor can also be found, according to building permits.

Nataliya Donskoy of Brooklyn-based ND Architecture & Design is the architect of record. Based on renderings, the modern, boxy design of the building will have a white, brown and orange paneled facade and glass balconies. Attention-grabbing, yes, but also in line with other developments on the Rheingold Brewery site, such as ODA’s colorful design at 10 Montieth.

Applications for the affordable housing lottery must be submitted by November 12. Apply through NYC Housing Connect. To learn more about how to apply for affordable housing, read Brownstoner’s guide.

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