The affordable housing lottery has launched for 420 Gates Avenue in Bedford-Stuyvesant, Brooklyn. Designed by Z Architecture and developed by Tower Real Estate Investments, the six-story mixed-use building yields 44 residential units. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,229 to $167,570.
Amenities include a gym, business center, bike storage lockers, rooftop terrace, and a self-parking garage for 22 vehicles. Residences will have washers and dryers in units.
At 130 percent of the AMI, there are nine studios with a monthly rent of $1,990 for incomes ranging from $68,229 to $124,150; four one-bedrooms with a monthly rent of $2,275 for incomes ranging from $78,000 to $139,620; and one two-bedroom with a monthly rent of $2,775 for incomes ranging from $95,143 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 2, 2021.