The affordable housing lottery has launched for 196 South 3rd Street, a seven-story mixed-use building in South Williamsburg, Brooklyn. Designed by Ismael Levya Architects and developed by B+B Capital, the structure yields 30 residences. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $135,360 to $227,500.
196 South 3rd Street in South Williamsburg, Brooklyn via NYC Housing Connect
196 South 3rd Street in South Williamsburg, Brooklyn via NYC Housing Connect
196 South 3rd Street in South Williamsburg, Brooklyn via NYC Housing Connect
Amenities include pet-friendly policies, a shared laundry room, gym, recreation room, elevator, and gated access. Residences are equipped with dishwashers, air conditioning, hardwood floors, intercoms, 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 four one-bedrooms with a monthly rent of $3,700 for incomes ranging from $135,360 to $189,540, and five two-bedrooms with a monthly rent of $4,349 for incomes ranging from $162,446 to $227,500.
196 South 3rd Street in South Williamsburg, Brooklyn via NYC Housing Connect
196 South 3rd Street in South Williamsburg, Brooklyn via NYC Housing Connect
196 South 3rd Street in South Williamsburg, Brooklyn via NYC Housing Connect
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 8, 2026.
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130% AMI is only affordable for 20% of the population.
Nothing affordable for low-middle incomes in this area for decades . My old neighborhood has changed drastically.,