Affordable Housing Lottery Opens for 60 Units in Greenpoint, Starting at $1,045 a Month
The lottery is set at an area median income range of 80 percent for 40 of the units and 130 percent for the remaining seven.
Rendering of OTTO Brooklyn by Gene Kaufman Architect
An affordable housing lottery has opened for 60 newly constructed units in an eight-story building at 211 McGuinness Boulevard in Greenpoint. It is now called OTTO Greenpoint.
Of the affordable apartments, there are seven studios, 43 one-bedroom units and 10 two-bedroom units. Monthly rents start at $1,045 and top out at $2,795.
The lottery is set at an area median income range of 80 percent for 40 of the units and 130 percent for the remaining seven. Eligible incomes range between $46,206 and $135,590 for households of one to four people.
There will be 197 units total in the building. Attended parking for 88 cars will be in the cellar; retail space, recreation space with an outdoor garden and a library on the ground floor; and a pool on the roof.
The site was formerly several low-slung buildings, including a warehouse, pool hall and a Pep Boys auto parts store, that were knocked down in 2015.
Gene Kaufman is the architect of record. He has designed a number of buildings in Brooklyn, including a long list of Williamsburg buildings such as The Decora, The Lucent, The Residences at The Williamsburg and Schaefer Landing.
Adam Roman of Stellar Management is the developer. The company purchased the lot, which is almost a block long, in 2014 for $13.9 million.
Leasing for market-rate units began in September 2018. Based on the listing photos, the units have large open kitchens, some with a half-wall counter, large bedrooms, a lot of windows and a balcony.
Applications for the affordable housing lottery must be submitted by March 6, 2019. Apply through NYC Housing Connect. To learn more about how to apply for affordable housing, read Brownstoner’s guide.
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