The affordable housing lottery has launched for The Baltic Canal, an 11-story residential building at 526 Baltic Street in Gowanus, Brooklyn. Designed by NY Building Associates and developed by Baltic Height LLC, the structure yields 96 residences. Available on NYC Housing Connect are 25 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $45,738 to $189,540.
Amenities include a gym, a yoga and dance studio, media room, recreation room, business center, coworking space, common area Wi-Fi, and outdoor terraces including a rooftop terrace with barbecue grills and prep kitchen. Residences are equipped with washers and dryers, air conditioning, hardwood floors, smart controls for heating and cooling, intercoms, and name-brand kitchen appliances, countertops, and finishes.
At 40 percent of the AMI, there are ten two-bedrooms with a monthly rent of $1,080 for incomes ranging from $45,738 to $70,000.
At 60 percent of the AMI, there are three one-bedrooms with a monthly rent of $1,444 for incomes ranging from $$56,023 to $87,480, and eight two-bedrooms with a monthly rent of $1,715 for incomes ranging from $67,509 to $105,000.
At 130 percent of the AMI, there is one studio with a monthly rent of $3,088 for incomes ranging from $111,532 to $168,480, and three one-bedrooms with a monthly rent of $3298 for incomes ranging from $119,589 to $189,540.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than September 8, 2025.
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It’s like a hotel. Do people live in these kinds of buildings for shorter periods of time? Do they do six month leases, for example?