Lottery Opens for Affordable Units in Dumbo Luxury Rental Starting at $895 a Month

Rendering by Aufgang Architects

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An affordable housing lottery launched today for 21 units in the luxury rental building going up at 181 Front Street in Dumbo, starting at $895 for a one-bedroom. Some of the scaffolding recently came down on the building, revealing its red brick facade for the first time.

The new building is part of the redevelopment and conversion of a landmarked daylight factory to condos on the other side of the block at 200 Water Street, a former Brillo Manufacturing Co. building that until 2013 belonged to the Jehovah’s Witnesses.

affordable housing lottery nyc 181 front street

Photo by Susan De Vries

Twelve stories tall, the new building will have 105 rentals in total, along with retail on the ground floor, when construction wraps later this year.

The units in the lottery will go for $895 for a one bedroom, $1,082 for a two bedroom, and $1,247 for a three bedroom.

Eligible households will have incomes between $32,057 for one person and $63,060 for six people. Incomes are set at 60 percent of the Area Median Income.

Amenities and features in the building include a gym, a playroom, a 24-hour doorman, a roof deck, on-site laundry, bike storage, and underground parking for 48 cars.

affordable housing nyc lottery dumbo 181 front street

Rendering by Aufgang Architects

The architect on both projects is Aufgang Architects and the developers are Megalith Capital Management and Urban Realty Partners.

Architect Ariel Aufgang founded his eponymous firm in 1971. Based in Suffern, N.Y., it specializes in adaptive reuse of historic buildings, landmarked or otherwise, and affordable housing.

affordable housing lottery nyc 181 front street

181 Front Street (left) and 220 Water Street (right). Photo by Susan De Vries

Megalith Capital Management is a large real estate owner and developer. Urban Realty Partners LLC’s principals have worked on other Brooklyn developments, including The Arches in Cobble Hill and the Brooklyn Heights Mint Factory apartments.

Dumbo is full of construction at the moment, including many adaptive reuse projects that should be wrapping soon, such as the historic Empire Stores commercial development and the condo conversion of a former printing factory at 51 Jay Street.

affordable housing lottery nyc 181 front street

Photo by Susan De Vries

The lottery for 181 Front Street opens today, Friday, March 3 and runs through May 1. For more information on the lottery and to apply, visit Housing Connect. For tips on how to apply, read our Brownstoner guide.

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