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Land a 1-Bedroom Apt. for $558 a Month in a New Ocean Hill Building

By Noah Hurowitz | August 30, 2017 5:22pm
 A rendering shows plans for Park Plaza, an affordable housing complex being built in Ocean Hill.
A rendering shows plans for Park Plaza, an affordable housing complex being built in Ocean Hill.
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Dattner Architects

OCEAN HILL — Applications opened Wednesday for more than 100 affordable apartments — including one-bedrooms renting for as low as $558 per month — in a new building at Sterling Place and Saratoga Avenue, according to the Department of Housing Preservation and Development.

The housing lottery, which is open through Oct. 30, includes 107 one-, two- and three-bedroom units at Ocean Hill III, a five-story building that’s part of the larger Prospect Plaza complex, a mixed-use project featuring five buildings, a grocery store and a community center.

► READ MORE: How to Apply for Affordable Housing in NYC

The per-month price of the apartments is based on area median income, or AMI, with six units set aside for tenants with 40 percent AMI, 13 units for tenants making 50 percent AMI, and 88 units reserved for tenants making 60 percent AMI, according to the city’s Housing Connect website.

► INTERACTIVE: What is AMI?

The 40-percent AMI units range from $558 for a one-bedroom to $775 for a three-bedroom and are open to tenants making between $21,600 and $44,280 per year, depending on the unit. The 50-percent AMI apartments are priced at $720 for a one-bedroom, $870 for a two-bedroom and $1,000 for a three-bedroom for tenants making between $27,115 and $55,350 per year. The 60-percent AMI units are $882 for a one-bedroom, $1,065 for a two-bedroom and $1,224 for a three-bedroom, and are open to tenants making between $32,709 and $66,420 per year. 

The city is giving preference to residents of Brooklyn Community Board 16 for 50 percent of the units, while 25 percent of the units are set aside for NYCHA-affiliated applicants and 5 percent are for city employees.

The complex is being managed by HPD and the New York City Housing Authority, along with Ocean Hill LLC, a partnership between developers Duvernay + Brooks, Pennrose Properties and Blue Sea Development. It will be outfitted with security cameras, video intercom, on-site laundry, and will have a live-in superintendent, according to HPD.

Located at the intersection of Saratoga Avenue, Sterling Place, and Eastern Parkway, the project sits on the former site of the Prospect Plaza NYCHA development, which was vacated in 2003 and began being demolished in 2005, according to the New York Times.

For more information on income brackets and apartment prices, see the full list on the Housing Connect website.