The affordable housing lottery has launched for 499 President Street, an eight-story residential building in Gowanus, Brooklyn. Designed by SLCE Architects and developed by The Brodsky Organization and Avery Hall Investments, the structure yields 430 residences. Available on NYC Housing Connect are 88 units for residents at 40 to 100 percent of the area median income (AMI), ranging in eligible income from $31,235 to $167,700.
Amenities include a garage with electric vehicle charging station, bike storage lockers, a shared laundry room, gymnasium, yoga and dance studio, rooftop pool, rooftop terrace, an on-site resident manager, and a community center with events and classes. Tenants are responsible for electricity including stove and heating.
499 President Street in Gowanus, Brooklyn via NYC Housing Connect
499 President Street in Gowanus, Brooklyn via NYC Housing Connect
At 40 percent of the AMI, there is one studio with a monthly rent of $784 for incomes ranging from $31,235 to $49,720; 27 one-bedrooms with a monthly rent of $828 for incomes ranging from $33,395 to $55,920; and seven two-bedrooms with a monthly rent of $967 for incomes ranging from $39,875 to $67,080.
At 60 percent of the AMI, there are 18 studios with a monthly rent of $1,251 for incomes ranging from $47,246 to $74,580; 13 one-bedrooms with a monthly rent of $1,328 for incomes ranging from $50,538 to $83,880; and four two-bedrooms with a monthly rent of $1,567 for incomes ranging from $60,446 to $100,620.
At 100 percent of the AMI, there are four studios with a monthly rent of $2,185 for incomes ranging from $79,269 to $124,300; ten one-bedrooms with a monthly rent of $2,329 for incomes ranging from $84,858 to $139,800; and four two-bedrooms with a monthly rent of $2,768 for incomes ranging from $101,623 to $167,700.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than February 3, 2024.
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Looks like a factory building
“Who would want to live in sonething like that?”
— Some person in 1965