The affordable housing lottery has launched for One South First, aka Ten Grand Street, a 45-story mixed-use residential building at 266 Kent Avenue on the waterfront of Williamsburg, Brooklyn. Designed by COOKFOX Architects and developed by Two Trees Management, the structure yields over 300 residences. Available on NYC Housing Connect are 89 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $55,646 to $167,570.
Amenities include pet-friendly policies, bike storage lockers, a gym, residential lounge, children’s playroom, doorman, pool, and an outdoor terrace. Units come equipped with washer and dryer, floor-to-ceiling windows, track lighting, and solar/blackout shades. Rent includes cooking gas and hot water, and tenants are responsible for electricity including heat.
At 80 percent of the AMI, there are 11 studios with a monthly rent of $1,550 for incomes ranging from $55,646 to $76,400; 13 one-bedrooms with a monthly rent of $1,651 for incomes ranging from $59,452 to $85,920; and nine two-bedrooms with a monthly rent of $1,961 for incomes ranging from $70,972 to $103,120.
At 125 percent of the AMI, there are ten studios with a monthly rent of $2,490 for incomes ranging from $87,875 to $119,375; 14 one-bedrooms with a monthly rent of $2,658 for incomes ranging from $93,978 to $134,250; and nine two-bedrooms with a monthly rent of $3,169 for incomes ranging from $112,389 to $161,125.
At 130 percent of the AMI, there are seven studios with a monthly rent of $2,490 for incomes ranging from $85,372 to $124,150; nine one-bedrooms with a monthly rent of $2,658 for incomes ranging from $91,132 to $139,620; and seven two-bedrooms with a monthly rent of $3,169 for incomes ranging from $108,652 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 March 4, 2022.
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Williamsburg is a horrible area. Nothing but drug addicts and childish hipsters.