The affordable housing lottery has launched for 37 Montrose Avenue, a five-story residential building in Williamsburg, Brooklyn. The 7,487-square-foot development has a total of 10 residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $71,829 to $139,620.
New loft buildings designed to look like 19th century factories have become a staple of development in North Brooklyn. Soon, another new building will join their ranks at 37 Montrose Avenue in Williamsburg.
Chaverim Realty Corp. has filed applications for a five-story, 10-unit residential building at 37 Montrose Avenue, in southern Williamsburg, three blocks north of the Lorimer Street stop on the J and M trains. The structure will measure 7,435 square feet, which means units will average a rental-sized 744 square feet apiece. The project will also feature 320 square feet of rooftop recreation space. Boaz Golani’s Bronx-based BMG Design Build is the applicant of record, and the existing single-story warehouse was filed for demolition this past October.