Affordable Housing Lottery Launches for 550 Prospect Place in Crown Heights, Brooklyn

550 Prospect Place in Crown Heights, Brooklyn. All images courtesy of NYC Housing Connect550 Prospect Place in Crown Heights, Brooklyn. All images courtesy of NYC Housing Connect

The affordable housing lottery has launched for 550 Prospect Place, a seven-story residential building in Crown Heights, Brooklyn. Designed by IMC Architecture with interiors by StudiosC and developed by Cavu Property Group, the structure yields 45,119 square feet and 41 units. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,395 to $167,570.

Amenities at 550 Prospect Place in Crown Heights, Brooklyn

Amenities at 550 Prospect Place in Crown Heights, Brooklyn. Courtesy of Studios C

Amenities at 550 Prospect Place in Crown Heights, Brooklyn

Amenities at 550 Prospect Place in Crown Heights, Brooklyn. Courtesy of Studios C

Amenities at 550 Prospect Place in Crown Heights, Brooklyn

Amenities at 550 Prospect Place in Crown Heights, Brooklyn. Courtesy of Studios C

Residents will have access to a wide range of amenities including parking, a dog washing station, bike storage lockers, shared laundry room, gym, recreation room, business center, package lockers, personal storage, a landscaped rooftop terrace, and virtual doorman.

Amenities at 550 Prospect Place in Crown Heights, Brooklyn

Amenities at 550 Prospect Place in Crown Heights, Brooklyn. Courtesy of Studios C

Amenities at 550 Prospect Place in Crown Heights, Brooklyn

Amenities at 550 Prospect Place in Crown Heights, Brooklyn. Courtesy of Studios C

Amenities at 550 Prospect Place in Crown Heights, Brooklyn

Amenities at 550 Prospect Place in Crown Heights, Brooklyn. Courtesy of Studios C

At 130 percent of the AMI, there is one studio with a monthly rent of $1,849 for incomes ranging from $63,395 to $124,150; ten one-bedrooms with a monthly rent of $2,249 for incomes ranging from $77,109 to $139,620; and two two-bedrooms with a monthly rent of $2,699 for incomes ranging from $92,538 to $167,570.

Units at 550 Prospect Place in Crown Heights, Brooklyn

Units at 550 Prospect Place in Crown Heights, Brooklyn. Courtesy of Studios C

Units at 550 Prospect Place in Crown Heights, Brooklyn

Units at 550 Prospect Place in Crown Heights, Brooklyn. Courtesy of Studios C

Amenities at 550 Prospect Place in Crown Heights, Brooklyn

Amenities at 550 Prospect Place in Crown Heights, Brooklyn. Courtesy of Studios C

Amenities at 550 Prospect Place in Crown Heights, Brooklyn

Amenities at 550 Prospect Place in Crown Heights, Brooklyn. Courtesy of Studios C

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than August 10, 2021.

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5 Comments on "Affordable Housing Lottery Launches for 550 Prospect Place in Crown Heights, Brooklyn"

  1. Lauretta Riley | July 22, 2021 at 8:47 am | Reply

    Please consider this as a application for Lottery at 550 Prospect Place in Crown Heights, Brooklyn. Thank you

  2. Nancy Schacht | July 22, 2021 at 6:27 pm | Reply

    I receive SSI and only receive $850.00 a month. I would love a studio or 1 bedroom apartment. I live in a small room with 3 roommates and share a kitchen and bathroom. I am 60 years old and need to get out. It’s in an illegal basement in the Bronx and pay $720 a month. I’ve lived here for 7 years and need a home. This is not a home. Please put me in your lottery. Thank you and God bless you.

  3. Where is the application for 550 prospect place?

  4. I need an application

  5. I love to have one of your studios/1 bedroom apartment. I have section8 and their giving 1900. I have to move. My landlord sold his house, after living there for 6 yrs, rent paid on time. No repairs on my behalf. I kept his apartment the same from when I moved in 6 yrs ago.

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