EAST NEW YORK — More than 250 new affordable apartments are opening up in the neighborhood with monthly rents for one-bedroom units starting as low as $532.
The city is accepting applications for apartments at the Gateway Elton III at 1062 Elton St. and 475 Locke St., where residents will have access to parking, a fitness center, a lounge with Wi-Fi and laundry rooms.
Studios with a rent of $494 a month will be available for individuals making between $18,275 and $25,400, and one-bedroom apartments are up for grabs for single people with annual earnings between $19,612 and $38,100.
The building will also have 80 two-bedroom units with rents ranging from $647 to $1,025, as well as 69 three-bedroom apartments between $745 and $1,182, and two four-bedroom units with monthly rent at either $835 or $1,322.
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Gateway Elton III is being constructed through the low-income affordable marketplace program of the city’s Housing Development Corporation and the low income rental program of the New York City Department of Housing Preservation and Development.
The apartments are part of a multi-building development with ground floor commercial space from co-developers Hudson Companies, Related Companies and CAMBA Housing Ventures.
Applicants who already live in the city receive a general preference and residents of Brooklyn’s Community Board 5 get preferential consideration for 50 percent of the units.
Percentages of the apartments will also be set aside for mobility-disabled and vision or hearing-disabled residents, as well as city employees.
Prospective tenants have until Sept. 2 to submit their applications. For more information on how to apply, check out the city's NYC Housing Connect website.
