The affordable housing lottery has launched for 550 Prospect Place, a seven-story residential building in Crown Heights, Brooklyn. Designed by IMC Architecture and developed by Cavu Property Group, the structure yields 45,119 square feet and 41 units. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,395 to $167,570.
550 Prospect Place
In an exclusive update, IMC Architecture has revealed final renderings of a new seven-story residential building in Crown Heights, Brooklyn. The property is located at 550 Prospect Place near the northern tip of Prospect Park.
Permits have been filed for a seven-story residential building at 550 Prospect Place in Crown Heights, Brooklyn. Located between Classon Avenue and the Franklin Avenue Shuttle line, the lot is one block north of the Park Place subway station, serviced by the S train. Cavu Property Group is listed as the owner behind the applications.