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Pay $897 Per Month for a Studio in Downtown Brooklyn

By Alexandra Leon | February 10, 2017 4:22pm | Updated on February 13, 2017 7:50am
 A rendering of the new apartment building at 33 Bond Street in Downtown Brooklyn.
A rendering of the new apartment building at 33 Bond Street in Downtown Brooklyn.
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Handel Architects via HPD

BROOKLYN — Applications open next week for the chance to to rent an apartment for as low as $897 per month in Downtown Brooklyn.

The affordable housing lottery opens Monday for 143 units at 33 Bond St., a newly constructed, 25-story mixed-use building at the corner of Livingston Street. 

The affordable units will be made up of 51 studios, 52 one-bedroom apartments and 40 two-bedroom apartments. 

Studios will be available for $897 per month for single residents making between $32,640 and $38,100 per year.

► READ MORE: How to Apply for Affordable Housing in New York City
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► READ MORE: Here's How to Boost Your Odds of Scoring Affordable Housing 

One-bedroom apartments will be available for $963 per month to single residents making between $34,972 and $38,100 per year, or two-person households making between $34,972 and $43,500 per year.

Two-bedroom apartments will be available for $1,166 per month to two-person households making between $41,966 and $43,500 per year, three-person households making between $41,966 and $48,960 per year, or four-person households making between $41,966 and $54,360 per year.

Amenities at the building include parking for 128 cars, a laundry room, a fitness room, a yoga room, storage for 357 bicycles, dog grooming, a mail room and an outdoor terrace.

The 599,375-square-foot building includes a total of 714 apartments and 29,806 square feet of ground-floor retail space, Department of Buildings records show.

It was designed by Handel Architects and developed by TF Cornerstone, which bought the land for $70 million, according to New York YIMBY

Prices for the building’s 571 market-rate units were not immediately available.

Preference for the affordable units will be given to New York City residents. 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. 

Mobility-disabled applicants and municipal employees will get preference for 5 percent of the units, while vision- or hearing-impaired applicants will get preference for 2 percent of the units.

Prospective tenants have until April 14 to submit an application online or by mail to 33 Bond Street Apartments, PO BOX 1543, New York, NY 10159.

To download an application, click here.