The affordable housing lottery has launched for 1889 Atlantic Avenue, a nine-story mixed-use building in Bedford-Stuyvesant, Brooklyn. Designed by JFA Architects & Engineers and developed by The Jay Group, the structure yields 80 residences. Available on NYC Housing Connect are 27 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $68,435 to $218,010.
Amenities include a garage, bike storage lockers, a shared laundry room, common area Wi-Fi, gym, business center, package lockers, and outdoor terraces including a rooftop terrace. Residences come with dishwashers, air conditioning, smart controls for heating and cooling, intercoms, and name-brand kitchen appliances, countertops, and finishes.
At 80 percent of the AMI, there are three studios with a monthly rent of $1,869 for incomes ranging from $68,435 to $99,440; five one-bedrooms with a monthly rent of $1,993 for incomes ranging from $71,658 to $111,840; and eight two-bedrooms with a monthly rent of $2,375 for incomes ranging from $85,818 to $134,160.
At 130 percent of the AMI, there are three studios with a monthly rent of $3,050 for incomes ranging from $104,572 to $161,590; two one-bedrooms with a monthly rent of $3,100 for incomes ranging from $106,286 to $181,740; and six two-bedrooms with a monthly rent of $3,600 for incomes ranging from $123,429 to $218,010.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than January 22, 2025.
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Not everyone in NYC is rich. Affordable means market rate. Keep dreaming
These rents are too high.
An affordable studio should be $500 a month to $1000 a month