Affordable Housing Lottery Opens for Fort Greene Tower With $1,782 Units

An affordable housing lottery has opened for 331 apartments in a new 40-story tower on Fulton Street in Fort Greene. Known as the Rocklyn, the 1,102-unit development has taken the place of a low-rise building that housed a dollar store.

The lottery for 12 Rockwell Place and 625 Fulton Street Apartments includes studio, one-, and two-bedroom units, all rent stabilized and income restricted. They are set aside for households earning 80 to 130 percent of the Area Median Income, or between $64,903 and $227,500 a year for households of one to five people, according to the listing.

There are 52 actually affordable apartments, all at 80 percent of AMI: 13 studios priced at $1,782 a month, 13 one-bedroom apartments for $1,904, and 26 two-bedroom apartments renting for $2,272 a month. At 130 percent of AMI, there are 279 units comprising studios at $3,385, one-beds at $3,595, and two-bedrooms at $4,244 a month.

Market-rate units started leasing in March, according to StreetEasy, and listings are live on the development’s website. The cheapest current listing is a studio for $3,183 and the most expensive is a two-bedroom for $7,232 a month.

Technically two buildings, the complex was designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group. The Rocklyn comprises one 40-story tower at 625 Fulton Street with 1,050 apartments and a second five-story building with 52 apartments at 12 Rockwell Place.

The apartments are equipped with dishwashers and air conditioning, according to the listing. The development’s website adds they have white oak floors, floor-to-ceiling windows, and built-in speaker systems.

Tenants pay for electricity, which includes heating, hot water, and stoves at 625 Fulton Street and stoves at 12 Rockwell Place. The listing says tenants will get one month free rent on lease signing for the studio units at 130 percent of AMI.

The complex offers a yoga and dance studio, gym, spa, rooftop terrace, dog park, media room, dog washing station, bike lockers, and garage parking, but some amenities may require an additional fee. Pets up to 50 pounds are allowed, according to the listing.

Renderings on the development’s site show the apartments’ large windows, white finishes, light wood floors and cabinetry, and stainless steel appliances. Stores will fill the ground level, according to permits. The complex’s facade is done in copper and dark metal paneling and is covered in evenly spaced square windows. Many of the units appear to have glass-enclosed balconies, while setbacks on multiple floors offer landscaped outdoor space.

The property is in lis pendens, according to public records — a warning the lender could foreclose. One of the largest developers in Brooklyn, Rabksy Group has projects in Gowanus and recently acquired the historic Crown Heights Nassau Brewery.

Rabsky Group bought the property, which runs along Fulton Street between Rockwell Place and Hudson Avenue, for $158 million in 2015, city records show. The developer purchased it from Forest City Ratner, which acquired the lot in 1989 and converted it from a candy factory into an office building, according to The Real Deal.

Prior to selling, Forest City Ratner demolished the seven-story building that stood on most of the site in 2014. Google Maps images show Dollar Deal was operating out of a smaller commercial building on the site that was razed sometime in 2020.

The Rocklyn is within the Downtown Brooklyn rezoning area that requires a portion of affordable housing in new development. The project uses the city’s Inclusionary Housing Program and will likely get the 421-a tax break, according to the listing.

The 12 Rockwell Place and 625 Fulton Street Apartments lottery closes on September 15. To apply, visit the listing on New York City’s Housing Connect website.

Related Stories

• Brownsville Affordable Housing Lottery Opens With $1,197 Three-Bedrooms
• Affordable Housing Lottery Opens for Fort Greene Tower With $1,869 Units
• Affordable Housing Lottery in Fort Greene Opens With $2,004 Studios

Email tips@brownstoner.com with further comments, questions or tips. Follow Brownstoner on Twitter and Instagram, and like us on Facebook.