Middle Income Affordable Housing Lottery Opens for Waterfront Living in Greenpoint

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Interested in waterfront living but not the waterfront prices? If your combined household income is between $81,258 and $183,300, you could be eligible for a rent stabilized apartment at a new luxury apartment in Greenpoint.

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Here’s the deal: 235 applicants will be selected through a lottery to lease rent-stabilized affordable units that are priced for middle income households. The lottery ends October 31.

Thirty percent of the units have been set aside for middle income residents.  You can increase your odds by applying to both One Blue Slip and Two Blue Slip – you are not restricted in applying to only one property.

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The properties, Two Blue Slip and One Blue Slip, are sister residential towers located at Greenpoint Landing, with acres of public open space, a new public school, and local shops along a half-mile stretch of New York City’s East River Waterfront.

Two Blue Slip presents an enviable urban sophistication, with postcard-type views, floor to ceiling windows, and in-home Bosch washer/dryers.

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At One Blue Slip, more than 90 percent of units have water views and feature bay windows, stainless steel appliances, quartz countertops, and in-home Bosch washer/dryers.

For an additional monthly fee, One Blue Slip and Two Blue Slip offer an attended lobby with package storage, parking, fitness center, furnished indoor residents lounge, media room, quiet co-working space, rooftop terrace with grilling areas, storage, Latch keyless entry system, and a children’s playroom.

Two Blue Slip has a pool and pool bar with Manhattan views.

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In addition to units being priced below market rate, your rent is guaranteed to be stabilized over your entire lease. This means that the longer you stay, the more savings you recognize. Some years, stabilized rents do not increase at all.

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Studios start at $2,370 for one person earning between $81,258 and $103,480.

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The lottery is run in cooperation with Brookfield Properties, the New York City Department of Housing Preservation and Development, and the nonprofit Settlement Housing Fund Inc.

For information and to apply click here.

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