Affordable Housing Lottery Opens for Alloy's First Boerum Hill Tower, With Studios From $763

An affordable housing lottery has opened for 45 apartments in an under-construction building at 505 State Street in Boerum Hill. The building is the first of two residential towers in developer Alloy’s controversial development 80 Flatbush, now known as Alloy Block.

The lottery for the studio, one-, two-, and three-bedrooms apartments in the 44-story, 441-unit all-electric skyscraper is aimed at tenants earning 40 to 100 percent of Area Median Income. Eligible incomes range from $29,109 to $127,100 a year for households of one to seven people, according to the listing on NYC Housing Connect.

Studios start at $763 a month, one-bedrooms at $812, two-bedrooms at $965, and three-bedrooms at $1,105.

Each apartment has energy-efficient appliances including a heat-pump dryer, induction cooktop, a washer/dryer, and a dishwasher. Tenants are responsible for paying for household electricity, the listing says. According to a press release, the units are finished with natural materials, such as concrete and wood, where possible.

Images in the listing show a thoughtfully designed minimalist kitchen and a studio floor plan with nooks for furniture and lots of windows.

Hot water heating and HVAC at the building are electric, and Alloy is pursuing solar to ensure a complete renewable energy supply, the press release said. To keep with the total sustainability approach, there is no car parking at the building but there is space for more than 500 bikes.

Amenities include a fitness center, workspace, a rooftop pool, mailroom, screening room, a rooftop living room with a full kitchen, and more. The building allows pets with some restrictions.

Brooklyn-based developer Alloy, whose principals and staff include architects, is well-known for its award-winning contextual residential developments in Dumbo. The mixed-used Alloy Block project required a rezoning for the and includes five buildings with residential, office, community, and retail space, and two schools. Community input resulted in the two residential towerslosing some height.

The project was approved by the city in 2018, and is now being constructed in phases. Phase one includes the tower at 505 State Street and the construction of two schools, the Khalil Gibran International Academy high school and a public elementary school. The second part of the project will include an 840-foot tower that will be among the tallest structures in Brooklyn.

Because the project went through the rezoning and will also benefit from the 421-a tax break, it is required to provide a percentage of permanently affordable apartments under the city’s Mandatory Inclusionary Housing program. The second building in the development will also be required to hold a housing lottery for its income-restricted apartments.

The two towers together will yield 850 apartments; about 200 of them will be income restricted and rent stabilized. The developer appears to have chosen MIH option 1, which mandates setting 25 percent of units at an average of 60 percent of AMI.

The building at 505 State Street will include 30,000 square feet of retail space that will use the address 100 Flatbush Avenue.

Alloy CEO Jared Della Valle said in the press release the opening of the housing lottery for 505 State Street is a key milestone for Alloy Block. “The city’s first fully electrified skyscraper can serve as a model for other neighborhoods as cities around the world look to chart a greener path – and as a welcoming home and workplace for those seeking out a greener lifestyle and a sustainable future.”

The 505 State Street lottery closes December 11. To apply, visit the listing on New York City’s Housing Connect website.

Related Stories

• Construction Gearing Up at Controversial 80 Flatbush Development in Boerum Hill
• Demolition Begins at Future Site of Controversial 80 Flatbush Development in Boerum Hill
• Councilman, Developer Agree to Shrink Controversial Development 80 Flatbush

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