An affordable housing lottery has opened for 25 apartments in a newly constructed seven-story building at 125 Borinquen Place in Williamsburg. The building faces the Brooklyn-Queens Expressway; a meridian of green space separates the two.
Of the affordable apartments, there are six studios, five one-bedroom units and 14 two-bedroom units. Monthly rents start at $801 and top out at $974.
The lottery is set at an area median income range of 60 percent. Eligible incomes range between $33,875 and $62,580 for households of one to four people.
There are 133 total apartments in the building, according to building permits. Underground parking contains 37 spots for cars, while more parking on the first floor offers 26 spots. In addition, there will be a gym, recreation room and workspace, although they require an additional fee.
Retail will be on the ground floor.
De-Jan Lu is the architect of record. The design for the building is reminiscent of some of ODA’s boxy designs. Lu has worked on small projects in Brooklyn, including in Bed Stuy, Bushwick and Williamsburg.
Joel Schwartz of Grand Residencies LLC is listed as the developer, but public records indicate the site has been owned by Arthur Gaba since 1968.
The property was formerly a parking lot.
Leasing for market-rate units began in August 2018. Based on the listing photos, the units have hardwood floors, large windows and bathrooms that combine marble and wood. Some of the units appear to have a small balcony.
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