19 middle-income units up for grabs in charming Clinton Hill, from $2,228/month

May 11, 2020

Photo courtesy of CityRealty

Applications are currently being accepted for 19 middle-income units at a new rental building in Brooklyn. Located a few blocks from the Barclays Center and the many restaurants and bars that sit on the border of Prospect Heights and Clinton Hill, 555 Waverly Avenue is an eight-story building with 190 total units. New Yorkers earning 130 percent of the area median income can apply for the apartments, which include $2,228/month studios, $2,346/month one-bedrooms, and $2,830/month two-bedrooms.

Streetview of 555 Waverly, Map data © 2020 Google

In 2014, Madison Realty Capital bought the site, formerly Beigel’s Bakery, for $23.5 million and construction began the following year. A housing lottery launched two years ago at the building for affordable units set aside for New Yorkers earning 60 percent of the area median income.

All apartments feature oak wood floors, white pine custom cabinets, top-of-the-line appliances, in-unit laundry, and flexible open-layouts. Amenities include a rooftop, fitness center, bike storage, tenant lounges, and an attended lobby.

555 waverly, affordable housing, clinton hill

Qualifying New Yorkers can apply for the affordable units at 555 Waverly Avenue until July 9, 2020. Complete details on how to apply are available here (pdf). Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

If you don’t qualify for the housing lotteries mentioned, visit CityRealty.com’s no-fee rentals page for other apartment deals in the city.


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