Affordable Housing Lottery Opens for 42 Units in Downtown Brooklyn, Starting at $2,000 a Month

An affordable housing lottery has opened for 42 units in a 21-story tower at 1 Boerum Place, hanging over a prominent corner near Borough Hall in Downtown Brooklyn.

Of the affordable apartments, there are 10 studios, 11 one-bedroom units and 21 two-bedroom units. Monthly rents start at $2,000 and top out at $3,120.

The lottery is set at an Area Median Income range of 130 percent. Eligible incomes range between $68,572 and $167,570 for households of one to five people.

Building permits show SLCE Architects is behind the design. Parking for 49 vehicles will be located underground (with electric car charging stations, according to the lottery listing), along with a residential storage room, a sauna and a pool. Retail will occupy the first and second floors.

There will be 122 apartments in the building, four of which, according to building permits, will be duplexes. Originally set to be condos, the building recently shifted to rentals, according to a story in Bloomberg. An exercise and yoga room will be on the third floor, along with a tenant’s lounge. Bicycle parking for 63 spaces will be on the fourth floor.

Avery Hall Investments, Allegra Holdings and Aria Development Group are the developers (Andrew McCarthy of Avery Hall is listed as the owner on building permits). They purchased the property in 2016 for $76.5 million. Avery Hall has been behind a number of projects in Brooklyn, including a Morris Adjmi-designed residential building at 465 Pacific Street in Boerum Hill.

Before the building was demolished in 2018, it was home, most recently, to a Brooklyn Industries clothing store (facing Fulton), and HSBC Bank and the Brooklyn Law School (facing Boerum Place). Built in 1955, it was designed by the architecture firm DeYoung, Moscowitz & Rosenberg, which also designed buildings at the Fashion Institute of Technology. In 2013, it was featured by Brownstoner columnist Suzanne Spellen as a Building of the Day.

Market rate units in the building recently launched, with a one-bedroom apartment asking $4,750 a month. A four-bedroom apartment is currently asking $15,500 a month.

Applications for the affordable housing lottery must be submitted by August 3, 2021. Apply through NYC Housing Connect.

Related Stories

• Windows Almost Finished at This 21-Story Condo Tower on a Busy Corner in Downtown Brooklyn
• A 21-Story Tower Is Starting to Rise Above a Prominent Corner in Downtown Brooklyn
• Housing Lottery Opens for 86 Units in Downtown Brooklyn, Starting at $2,241 a Month

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