BROOKLYN — Affordable housing applications are now available for a 25-story, 714-unit Downtown Brooklyn tower at Bond and Livingston streets, with apartments starting at around $600 a month.
There are 108 apartments up for grabs in this second phase of 33 Bond St., which has a bevy of amenities — for an extra fee — including a co-working space (called HomeWork), an on-site pet-grooming operation and a 52,000-square-foot gym facility run by the famed Chelsea Piers.
Here’s the breakdown of the rents in the city-subsidized program:
► Studios are $613 a month for those earning between $22,903 to $26,720 a year. They cost $1,949 a month for those earning $68,709 to $80,160.
► One-bedrooms cost $659 a month for single households earning between $24,549 to $26,720 or two-person households earning between $24,549 to $30,560. There are also one-bedrooms costing $2,091 a month for single households earning between $73,646 to $80,160 or two-person households earning between $73,646 to $91,680.
► Two-bedrooms cost $801 a month for two-person households earning between $29,452 to $30,560; three-person households earning between $29,452 to $34,360; and four-person households earning between $29,452 and $38,160. There are two-bedrooms costing $2,519 a month for two-person households earning between $88,355 to $91,680; three-person households earning between $88,355 to $103,080; and four-person households earning between $88,355 and $114,480.
Here’s what the market-rate prices are:
► Studios start at $2,500 a month.
► One-bedrooms start at $3,100 a month.
► Two-bedrooms start at $4,700 a month.
Designed by Handel Architects and developed by TF Cornerstone, 33 Bond boasts plenty of common spaces nodding to Brooklyn’s industrial heritage with built-in wooden benches throughout the smoke-free building.
The apartments have high-end finishes like white oak floors and quartz counters in the chef’s kitchens. Each unit has floor-to-ceiling windows, letting in abundant natural light.
The building also has a 2,000-square-foot retail space soon to be occupied by Colombian roaster Devocion, which is celebrated by coffee snobs for its farm-to-table roasted brews.
TF Cornerstone, a major New York City developer, has built many buildings in Manhattan in areas like Hudson Yards, the Meatpacking District and the Financial District, and helped lead the transformation of Long Island City, but this is the company’s first residential building in Brooklyn.
“With 33 Bond being our first venture into Brooklyn, we felt responsible for proactively responding to the present and forthcoming needs impacting the neighborhoods we sit between,” Zoe Elghanayan, principal and vice president at TF Cornerstone, said in a statement, noting the project sits at the nexus of Downtown Brooklyn, Boerum Hill and Fort Greene. “And by doing so, our residents can enjoy the consistent life-enhancing amenity services they’ve come to expect from TF Cornerstone.”
The developer bought the land in 2013 for $70 million, according to New York YIMBY.
It is now one of many in the area with hundreds of apartments coming online this year.
Downtown Brooklyn is expected to see 2,300 units opening this year, Fort Greene is slated to get 1,087 new units and 802 are expected to come to Boerum Hill/Gowanus, according to an analysis by RentCafe.
The building’s first phase of its housing lottery included 143 units.
Even though it was part of a state program to build 80/20 housing — meaning 80 percent market rate and 20 percent affordable — 33 Bond also took advantage of other incentives, enabling it to set aside 35 percent of its units for targeted incomes. It was constructed through the city’s Inclusionary Housing Program and is approved to receive tax breaks through the 421-a program.
Prospective tenants have until Oct. 17 to submit an application online or by mail to 33 Bond Street Apartments, PO BOX 1543, New York, NY 10159.
► READ MORE: How to Apply for Affordable Housing in New York City
