realestate

Brooklyn Affordable Housing Lotteries Launch, Local Real Estate Updates

Affordable Housing Lotteries Now Open in Gowanus and Williamsburg

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ffordable housing lotteries are now open for two developments: a Gowanus complex and One Domino Square in Williamsburg. In other neighborhood news, a design company is moving to DUMBO's historic Stable Building, St. Francis College buildings will be converted into a massive 747-unit apartment complex in Brooklyn Heights, and a new 100% affordable housing development is opening in Crown Heights.

    One Domino Square | Williamsburg

    The Two Trees building at 346 Kent Avenue features two towers with 600 units above the newest public plaza in Williamsburg. The lottery offers 120 units for families earning between $100,012 to $240,750 per year. Amenities include a fitness center, outdoor pool, and children's playroom. Studios, one-bedrooms, and two-bedrooms are available; learn more about income levels and units here. Apply by December 10, 2024.

    655 Union Street | Gowanus

    The housing lottery is open for affordable apartments at 655 Union Street, a 13-story building with 193 units. Fifty homes are reserved for families earning between $33,772 to $218,010 per year. Amenities include dog washing stations and an outdoor pool. One-bedrooms and two-bedrooms are available; see the full breakdown of units and pricing here. Apply by December 23, 2024.

    1559 Prospect Place | Crown Heights

    A new development in Crown Heights offers 100% affordable housing for low-income families and seniors, with units also set aside for individuals or families experiencing homelessness. The building features studios, one-bedrooms, and two-bedrooms available to families earning between $18,480 to $134,160 per year. Priority will be given to seniors for the cheapest units.

    Henrybuilt signs lease for Stable Building at 16 Main Street | DUMBO

    The historic Stable Building in DUMBO has a new tenant: Henrybuilt, a design company specializing in home design. The building was renovated by Two Trees in 2015 and is now home to art galleries and businesses. Henrybuilt will move its headquarters to the top floor of the Stable Building in 2025.

    St. Francis College buildings will be converted into housing | Brooklyn Heights

    A massive residential complex with 747 units is coming to Brooklyn Heights, transforming three college buildings into apartments. The project includes retail space on the ground level and underground parking for bikes and cars. No timeline has been announced for the project, which was approved by city preservationists in July.

Brooklyn residents participate in affordable housing lotteries amidst local real estate market updates.