Real Estate

Snag Your $563 Studio in a Prime 'Burg Building -- Lottery Opens Wednesday

An affordable apartment in a new luxury building in prime Williamsburg may sound pie-in-the-sky, but for the lucky winners of this housing lottery it will become a reality. Located on the former site of an old Western Carpet Warehouse at 149 Kent Avenue, the 164-unit, seven-story brick development includes 33 subsidized apartments. Units will rent for…

by Hannah Frishberg

02/09/2016 0

149-Kent-Avenue-2 — Rendering of 149 Kent Avenue by GF55 via 6sqft

An affordable apartment in a new luxury building in prime Williamsburg may sound pie-in-the-sky, but for the lucky winners of this housing lottery it will become a reality.

Located on the former site of an old Western Carpet Warehouse at 149 Kent Avenue, the 164-unit, seven-story brick development includes 33 subsidized apartments.

Units will rent for as low as $563 a month for studios to a high of $926 a month for two-bedrooms.

Amenities at the development, available to all tenants, will include a rooftop lounge, laundry rooms, community terrace and “fitness rooms.”

The building is being designed by GF55 Partners and will include a 17,800 square foot retail space, to be called the Shops at 149 Kent.

Developer L&M Development bought the site in 2012 for almost $20 million. The old warehouse was demolished back in late 2013.

149-Kent-Avenue-affordable-housing — Via NYC Housing Connect

The lottery for affordable units will open Wednesday, with eligible households earning between $19,303 and $43,150, depending on family size. Available units range from studios to two-bedrooms.

Per usual, 5 percent of units will be reserved for the mobility impaired, 2 percent will be reserved for the hearing or visually impaired, 5 percent will be reserved for municipal employees, and half the units will go to residents of Brooklyn Community Board 1.

To apply, go to NYC Housing Connect.