Affordable Housing Lottery Opens for $985 One-Bedrooms in Bed Stuy

An affordable housing lottery has opened for nine of the 44 units at a six-story modern brick building in Bed Stuy, located at 869 Park Avenue.

All nine of the affordable units are one-bedrooms and will rent for $985 a month.

The lottery is set at an area median income of 60 percent. Eligible incomes range from $33,772 to $45,840 for households numbering between one and two people.

Market-rate rentals in the building launched in March, with a number of two- to three-bedroom units asking $2,450 to $3,900 a month.

Designed by Manhattan-based S&S Architectural Design, the building has a brick facade with large floor-to-ceiling windows that face the street. S&S designed a similar residential building at 102 Central Avenue in Bushwick and an office conversion at 813 Bergen Street in Crown Heights.

The developer is Park Holdings Venture LLC, according to the Housing Connect notice; Bernard Wathership of Regal Builders is listed as the owner in Department of Building filings.

Preference will be given to residents of Community Board 3, municipal employees and applicants with visual, hearing or mobility impairments.

The building, which is smoke free, includes a number of amenities: an elevator, roof deck, garden with seating area, fitness center and laundry room, although additional fees may apply for the latter two.

According to the listings, the market rate rentals all have balconies, although it is unclear if the units available in the lottery will have them as well.

Applications must be submitted by January 26. Apply through NYC Housing Connect. To learn more about how to apply for affordable housing, read Brownstoner’s guide.

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