Real Estate

Greenpoint studios for $613/month up for grabs in city lottery

The most recent affordable housing lottery to surface on NYC Housing Connect – the portal of fate through which the city distributes decently priced leases – hardly needs a hyped up intro. It is a golden cherry on the cake of city subsidized apartments.

The Greenpoint at 21 India Street will rise above the neighborhood in a glassy show of hubris and defiance of logical zoning. Its sister building, at 23 India Street, will be an adjacent, affordable offering. Units at 23 India Street will begin accepting lottery applications tomorrow.

There are 140 freshly built affordable apartments in the building, most of which are being priced for those making 60 percent area median income and a handful priced for those making 40 percent AMI. To be exact, seven studios, seven one-bedrooms, and 14 two-bedrooms will go to households of one to four people making between $22,903 and $38,160 a year. On the other side of the graph, 28 studios, 28 one-bedrooms, and 56 two-bedrooms will go to one- to four-person households making between $34,355 and $57,240 annually. The 40 percent AMI studios will be renting for $613/month, the one-bedrooms for $659/month, and the two-bedrooms for $801/month. The 60 percent studios will be renting for $947/month, the one-bedrooms for $1,017/month, and the two-bedrooms for $1,230/month.

The lottery’s eligibility graph, via Housing Connect

Building amenities include a community room, interior courtyard, and a laundry room on every floor. The development is located right on the water and will be a short walk from the Greenpoint Ave. G train. The building profile actually specifies that it will also be close to Citibike. The building is smoke-free.

Applications are being accepted through March 19th of this year.

Per usual, a percentage of units will be set aside for the mobility-, hearing-, and vision-disabled and residents of the neighborhood’s Community Board (in this case, CB1) will be given preference for half of the units.

Don’t be fooled: affordable housing applications never have an application or broker’s fee.

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