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.
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.
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.
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.