Red Hook rental opens lottery for 239 affordable apartments, from $777/month

July 6, 2026

Credit: NYC Department of Housing Preservation and Development

Want to live closer to IKEA? A housing lottery opened for 239 mixed-income apartments in a new three-building residential complex in the heart of Red Hook, Brooklyn. Rising eight stories at 498 Columbia Street, the building is the largest of Columbia Commons, the first modern large-scale residential development in the waterfront neighborhood, according to the New York Real Estate Journal. New Yorkers earning 40, 60, and 100 percent of the area median income can apply for the apartments, priced from $777/month studios to $2,668/month two-bedrooms.

Developed by Express Buildings and nonprofit service provider the Jericho Project, the building will deliver 100 percent affordable and supportive housing units in Red Hook. The Jericho Project will provide on-site services to meet residents’ needs, according to NYREJ.

The three-phase project, designed by Aufgang Architects, will deliver a total of 661 units across three eight-story buildings. Units in the first phase consist of 134 studios, 121 one-bedrooms, and 114 two-bedroom units, according to an Instagram post by Aufgang.

Amenities include bike storage lockers, a shared laundry room, outdoor spaces, and a community center. The apartments are equipped with energy-efficient appliances and high-speed internet.

While the neighborhood lacks a subway station, residents can access the B57 and B61 buses, as well as the NYC Ferry, which docks at Atlantic Basin. On Saturdays and Sundays only, the free NY Waterway Ferry travels between Midtown and Pier 11/Wall Street and IKEA.

Qualifying New Yorkers can apply for the apartments until August 28, 2026. Complete details on how to apply are available here. Preference for 20 percent of the units will be given to residents of Brooklyn Community Board 6.

Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

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Tags: Aufgang
Location: Red Hook

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