CLINTON HILL — Applications are now open for apartments renting for as low as $735 a month on Myrtle Avenue.
The affordable housing lottery opened Friday for 29 units at 504 Myrtle Avenue, a new eight-story development at the former site of the Pratt Station Post Office, between Grand Avenue and Ryerson Street.
The affordable units will be made up of 10 studios, 12 one-bedroom apartments and seven two-bedroom apartments available to single residents and families making between $30,206 and $54,360 a year.
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Studios will be available for $735 per month for single residents making between $30,206 and $38,100 per year.
One-bedroom apartments will be available for $741 for single residents making between $32,400 and $38,100 per year or two-person households making between $32,400 and $43,500 per year.
Two-bedroom apartments will be available for $888 for two-person households making between $38,778 and $43,500 per year, three-person households making between $38,778 and $48,960 per year, or four-person households making between $38,778 and $54,360 per year.
Amenities include a fitness center, bike storage, an outdoor workout terrace, a rooftop with barbecues, a dining area with lounge chairs, coin-operated laundry and a parking garage.
Residents who currently live in the Community Board 2 area — which includes Downtown Brooklyn, DUMBO, Fort Greene, Clinton Hill, Boerum Hill, Vinegar Hill and Brooklyn Heights — will get preference for half of the affordable units.
A percentage of units will also be set aside for disabled applicants — 5 percent for mobility-disabled applicants and 2 percent for hearing-disabled applicants.
Municipal employees will get preference for 5 percent of the affordable units.
The new building, developed by Madison Capital Realty and designed by HTO Architects, will include 141 apartments and 20,000 square feet of ground-floor retail space.
The building is part of the mayor’s Inclusionary Housing Program and was approved to receive a tax exemption through the 421-a Program, a tax break for certain new residential developments that expired in January.
The deadline to apply for an affordable unit is Feb. 1. For more information on how to apply, click here.