540 Graham Avenue

Housing Lottery Launches for 540 Graham Avenue in Greenpoint, Brooklyn

The affordable housing lottery has launched for 540 Graham Avenue, a five-story mixed-use building in Greenpoint, Brooklyn. Designed by Issac & Stern Architects and developed by Greenline Real Estate, the structure yields 25 residences, 13 parking spaces, and ground-floor retail space. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $99,086 to $165,230. One-bedroom tenants get one month free rent and studio tenants get two months free rent.

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540 Graham Avenue Nears Topping Out in Greenpoint, Brooklyn

Construction is rising on 540 Graham Avenue, a five-story residential building in Greenpoint, Brooklyn. Designed by Issac & Stern Architects and developed by Greenline Real Estate, the 59-foot tall, 21,031-square-foot structure will yield 25 rental units spread across 17,934 square feet, as well as 3,096 square feet of ground-floor retail space, a cellar level, a 19-foot-long rear yard, and 13 enclosed parking spaces. New York Certified is the general contractor for the property, which is located at the corner of Graham and Engert Avenues.

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