Rendering courtesy of RXR
A housing lottery launched this week for 143 middle-income units in a new building in Downtown Brooklyn. Designed by Perkins Eastman, The Willoughby is a 34-story mixed-use residential tower offering prospective tenants the opportunity to save money in the long term with rent-stabilized units. New Yorkers earning 130 percent of the area median income are eligible to apply for the apartments, which range from $2,523/month studios to $3,235/month for two bedrooms.
Rendering courtesy of RXR
Developed by RXR, The Willoughby is located at 196 Willoughby Street, where Downtown Brooklyn meets Fort Greene. As 6sqft previously reported, the tower has a unique “floating” glass structure, allowing it to hover over the new Long Island University field, a result of an air rights sale that permitted the developer to construct the residential building.
The building’s rent-stabilized units offer middle-income New Yorkers the opportunity to save between $8,000 and $22,000 per year compared to other market-rate apartments, according to the developer. Households with a combined income between $86,503 and $167,570 meet the criteria to apply for the apartments.
Leasing launched last September for market-rate rentals at the building, with starting rents at $2,780/month for studios, $3,840/month for one-bedrooms, and $5,660/month for two-bedrooms. In total, the Willoughby contains 476 apartments.
According to CityRealty, the median rent for apartments in Downtown Brooklyn is $3,882/month.
“The Willoughby sits at the intersection of several iconic Brooklyn landmarks like Fort Greene Park, Brooklyn Academy of Music and Barclays Center, and is the latest addition to the rapidly evolving downtown Brooklyn skyline,” Jarrod Whitaker, senior vice president of residential operations at RXR said.
“We are eager to help hard-working New Yorkers find their new home at The Willoughby by offering 143 units of middle-income, rent-stabilized housing, where they will realize a significant savings compared to a market rate unit.”
The Willoughby offers its tenants a wide variety of amenities, including a fitness center, library, yoga studio, conference room, and an entertaining room and lounge. Additional amenities include a dog spa, outdoor dining area, built-in grilling stations, community space, and a built-in fireplace with lounge seating. All residents will have access to the building’s underground parking garage.
The apartment’s interiors are designed by Durukan Design, with units featuring open kitchens, integrated stainless steel appliances, and an in-unit washer and dryer. The building’s striking exterior is made up of a floating glass facade, with floor-to-ceiling glass windows offering residents incredible views of the surrounding city in every direction.
The property is within walking distance of Fort Greene Park and close to public transportation, including the 2, 3, 4, 5, D, N, R, B, Q, and C subway lines.
Qualifying New Yorkers can apply for the affordable units until March 21, 2022. Thirty percent of units are set aside for middle-income residents earning up to 130 percent of the area median income.
Full details on how to apply can be found here. Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.
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