Housing Lottery Launches For 740 Brook Avenue In Woodstock, The Bronx

 

The affordable housing lottery has launched for 740 Brook Avenue, a nine-story mixed-use building in Woodstock, The Bronx. Designed by Dattner Architects and developed by Department of Housing Preservation and Development, the structure yields 55 residences. Available on NYC Housing Connect are 42 units for residents at 30 to 100 percent of the area median income (AMI), ranging in eligible income from $16,183 to $165,500.

Amenities include pet-friendly policies, a shared laundry room, recreation room, outdoor terrace, and a community center. Residences come with dishwashers, energy-efficient appliances, air conditioning, intercoms, and smart controls for heating and cooling. Tenants are responsible for electricity.

At 30 percent of the AMI, there are six units with a monthly rent ranging from $397 to $598 for incomes between $16,183 and $43,230. At 40 percent of the AMI, there are seven units with a monthly rent ranging from $567 to $978 for incomes between $22,012 and $66,200. At 50 percent of the AMI, there are seven units with a monthly rent ranging from $738 to $1,274 for incomes between $27,875 and $82,750. At 60 percent of the AMI, there are seven units with a monthly rent ranging from $909 to $1,570 for incomes between $33,738 and $99,300. At 70 percent of the AMI, there are six units with a monthly rent ranging from $1,080 to $1,865 for incomes between $39,600 and $115,850. At 80 percent of the AMI, there are six units with a monthly rent ranging from $1,250 to $2,161 for incomes between $45,429 and $132,400. At 100 percent of the AMI, there are three units with a monthly rent ranging from $1,847 to $2,545 for incomes between $66,206 and $165,500.

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than December 27, 2022.