Lottery Opens for 121 Units in Spitzer’s Waterfront 'Burg Development, Starting at $867 a Month
Of the affordable apartments, there are 70 studios, 27 one-bedroom units and 24 two-bedroom units.
Photo by Susan De Vries
An affordable housing lottery has opened for 121 newly constructed units in a 22-story building at 420 Kent Avenue in Williamsburg, part of Eliot Spitzer’s three-tower waterfront development.
There was previously an affordable housing lottery for another tower in the mega-project, located at 416 Kent Avenue, which launched in June 2018.
Of the affordable apartments, there are 70 studios, 27 one-bedroom units and 24 two-bedroom units. Monthly rents start at $867 and top out at $1,123.
The lottery is set at an area median income range of 60 percent for all the units. Eligible incomes range between $31,680 and $62,580 for households of one to four people.
There are 605 units in the building total. Parking for 338 vehicles will be underground, retail on the ground floor and tenant recreation space on the second floor. On the seventh floor, there is an exercise room, game room, dining area, yoga room, sauna, steam rooms and an outdoor pool.
Development at 416-420 Kent Avenue — the former Kedem winery —- was stalled for years until real estate company Spitzer Enterprises snapped up the plot in 2015 for $165 million.
Spitzer soon signed on Brooklyn architecture powerhouse ODA to design the structures, and they followed through in their usual form with buildings that look like irregularly stacked boxes.
ODA’s other Brooklyn projects include the controversial Pier 6 towers in Brooklyn Bridge Park, 10 Montieth Street on part of what used to be the Rheingold Brewery in Bushwick, and Dumbo’s sugar crystal-inspired 10 Jay Street.
Applications must be submitted by May 29. Apply through NYC Housing Connect. To learn more about how to apply for affordable housing, read Brownstoner’s guide.
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