An affordable housing lottery has opened for 15 newly-constructed units in an eight-story building at 1930 Avenue M in Midwood, on the corner of Ocean Avenue.
Of the affordable apartments, there are four studio apartments, five one-bedroom units and six two-bedroom units. Rents start at $1,350 a month for the studios and top out at $2,050 a month for two-bedroom apartments.
The lottery is set an area median income range of 130 percent. Eligible incomes range between $46,286 and $146,510 for households of one to five people.
There are 40 total units in the building. The market-rate units have yet to launch leasing.
Commercial space will be on the ground floor, along with the residential lobby. There is rooftop access with a recreation area, according to the affordable lottery listing. Parking spaces for 13 bicycles and a laundry room will be in the cellar, building permits show.
Igor Zaslavskiy is the architect of record. His firm is Zproekt Architecture, which designed another eight-story building at 1673 Ocean Avenue, just a block away. They are also developing a 60-unit rental project at 2633 Ocean Avenue, just nine blocks south.
They are also behind the design of Element88, the jagged-edge condo building located at 88 Withers Street in Williamsburg.
Edward Glazarov of Westking Realty Corp. is the developer. He purchased the lot in 2006 for $660,000. It was formerly home to a one-story building with three commercial spaces, occupied by Nottingham Pharmacy, Shin’s Blue Ribbon Grocery and Siebrow Cleaners.
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