‘Affordable’ Greenpoint apartments renting for the same price as the market-rate units

Posted On Tue, September 11, 2018 By

Posted On Tue, September 11, 2018 By In affordable housing, Greenpoint, housing lotteries

We’ve come to accept that many middle-income “affordable” housing lotteries are nothing more than a way for a building to cross-subsidize its “deeply affordable” units. Case in point, this new lottery that just launched at 216 Freeman Street in Greenpoint. Reserved for households earning 130 percent of the median income, one-bedrooms are $2,544/month and two-bedrooms $3,050. And while a market-rate one-bedroom is currently listed for the higher price $2,975, a two-bedroom is listed for the exact same price as the lottery unit.

Near the foot of the Pulaski Bridge, the 30-unit building was completed last year as part of the Freeman’s Corner development with the adjacent 215 Freeman Street. The latter launched a lottery for the same income bracket in July. The buildings are located on busy McGuiness Boulevard but are right near all the restaurants and shops on Manhattan Avenue. The G train is not super close, but Long Island City is easily accessible via the Pulaski Bridge’s two-way protected bike lane. 216 Freeman Street offers a gym, roof deck, parking, and laundry.

Qualifying New Yorkers can apply for the affordable apartments at 216 Freeman Street until October 2, 2018. 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.

Use 6sqft’s map below to find even more ongoing housing lotteries.

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. And find market-rate listings for 216 Freeman Street here and for 215 Freeman Street here.

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