The affordable housing lottery has launched for 2777 Atlantic Avenue, an eight-story mixed-use building in Cypress Hills, Brooklyn. Designed by Nikolai Katz Architect and developed by Michael Rosenberg of Urbane Management Team Inc, the structure yields 63 residences. Available on NYC Housing Connect are 19 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $26,092 to $181,740.
Amenities include bike storage lockers, a shared laundry room, and elevator. Residences come with air conditioning, intercoms, high-speed internet, and energy-efficient appliances. Tenants are responsible for electricity including stove, heat, and hot water.
At 40 percent of the AMI, there is one studio with a monthly rent of $750 for incomes ranging from $29,795 to $49,720, and five one-bedrooms with a monthly rent of $761 for incomes ranging from $30,858 to $55,920.
At 60 percent of the AMI, there is one studio with a monthly rent of $1,217 for incomes ranging from $44,366 to $74,580.
At 80 percent of the AMI, there are seven one-bedrooms with a monthly rent of $1,762 for incomes ranging from $60,412 to $111,840.
At 130 percent of the AMI, there are four studios with a monthly rent of $2,450 for incomes ranging from $84,000 to $161,590, and one one-bedroom with a monthly rent of $2,500 for incomes ranging from $85,715 to $181,740.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than June 27, 2024.
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