The affordable housing lottery has launched for 50 Varet Street, a seven-story mixed-use building in East Williamsburg, Brooklyn. Designed by Meshberg Group and developed by 45 Graham Ave LLC, the structure yields 35 residences. Available on NYC Housing Connect are 11 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,400 to $198,250.
Amenities include a gym, yoga room, bike storage lockers, media room, virtual doorman, pet-friendly policies, and a rooftop terrace. Residences come with washers and dryers, energy-efficient appliances, and name-brand kitchen countertops and finishes. Tenants are responsible for electricity, including stove, heat, and hot water.
At 130 percent of the AMI, there are three studios with a monthly rent of $1,995 for incomes ranging from $68,400 to $146,900; six one-bedrooms with a monthly rent of $2,480 for incomes ranging from $85,029 to $165,230; and two two-bedrooms with a monthly rent of $3,300 for incomes ranging from $113,143 to $198,250.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than April 22, 2024.
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