The affordable housing lottery has launched for 1700 Jerome Avenue, a seven-story mixed-use building in Sheepshead Bay, Brooklyn. Designed by Studio Gallos and developed by Moses Kupferstein of BBM Construction Corp., the structure yields 27 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 $78,858 to $218,010.
1700 Jerome Avenue in Sheepshead Bay, Brooklyn via NYC Housing Connect
1700 Jerome Avenue in Sheepshead Bay, Brooklyn via NYC Housing Connect
1700 Jerome Avenue in Sheepshead Bay, Brooklyn via NYC Housing Connect
Amenities include a garage with assigned parking spaces and electric vehicle charging stations, pet-friendly policies, gym, outdoor terrace, and a virtual doorman. Units are equipped with air conditioning, intercoms, energy-efficient appliances, hardwood floors, washers and dryers, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity, including stove, heat, and hot water.
1700 Jerome Avenue in Sheepshead Bay, Brooklyn via NYC Housing Connect
1700 Jerome Avenue in Sheepshead Bay, Brooklyn via NYC Housing Connect
1700 Jerome Avenue in Sheepshead Bay, Brooklyn via NYC Housing Connect
At 130 percent of the AMI, there is one studio with a monthly rent of $2,300 for incomes ranging from $78,858 to $161,590; seven one-bedrooms with a monthly rent of $2,450 for incomes ranging from $84,000 to $181,740; and three two-bedrooms with a monthly rent of $2,795 for incomes ranging from $95,829 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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This is housing for the wealthy and a scam to help builders avoid taxes.
Oh sure…I bet we’ll see a billionaire choose to live here versus someone making less than 100k per year.
Throwing the word “wealthy” just to propagate some narrative that everyone in New York is extremely rich is just wrong and BS lies
What a bizarre mess of a building.
In a market where the average apartment’s price is damn near impossible for an average family to afford, how is it that 30% OVER the “average” income considered to be “affordable?” Its seems a lot more like “unaffordable” -unless you have a higher than average income.
Eureka! I broke the code. These are for rich people who can afford to pay more but dont want to.
This makes an interesting market segment:
“Affordable housing for the rich.”
@Edward-
These are for incomes well above the working class-SO-how are these Affordable Housing?!
SO- ANOY’S is correct in his opinion-AND-NO- NYC is NOT a place of Billionaires–NOR-Wealthly Inhabitants -really relative- however,these so called Affordable Housing- are a reach for most. And I am sure -you- already know this – if not-make the inquiry.