Photo of 535 Carlton Avenue, courtesy of Max Touhey for Greenland Forest City Partners
In July 2016, the lottery opened for 298 mixed-income rentals at 535 Carlton Avenue, part of the sprawling Pacific Park complex, in Brooklyn. But now, more than a year later, about 95 units remain vacant at the Prospect Heights site, as City Limits reported. Despite over 93,000 New Yorkers applying for the nearly 300 units within just eight weeks, the applicants were rejected because they did not make enough money to qualify for those specific units. The 95 vacancies, the most expensive apartments at Pacific Park, are reserved for households that earn between 135 and 165 percent of the area median income, which translates to $74,606 and $173,415 annually. Unable to secure tenants for this income bracket, developer Greenland Forest City Partners (GFCP) placed advertisements for the units on market-rate real estate websites.
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, Thu, September 21, 2017
Given the renovation fever that has swept the city’s historic neighborhoods, it sometimes seems rare to see a home like this one, built at the turn century in a Neo-Gothic style, that retains its grandeur after being designed and remodeled into a picture of 21st century city living perfection. This four-story Prospect Heights townhouse at 577 Carlton Avenue, currently asking $3.495 million, has retained its historic details, while color, texture and inspired design decisions elevate it above many of its more ordinary brownstone Brooklyn neighbors.
Take the tour
This bright Brooklyn co-op is worth the two floor walkup. The unit comes from the prewar, 16-unit cooperative 786 Washington Avenue, on the border of Prospect Heights. The price has gone up significantly over the years–in 2004 the apartment sold for $164,800, in 2014 it sold for $320,000 and now it’s listed for $510,000. Over the years the one bedroom has gotten updates, like mosaic tile flooring in the bathroom. But it still retains wonderful historic details that includes tons of exposed brick.
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Rendering via S3 Architecture
Starting tomorrow, qualifying New Yorkers can apply for affordable apartments at Prospect Heights‘ new rental The Brooklyn Zinc. Located at 313 St. Mark’s Avenue just three blocks from Prospect Park, the building sits on a rare oblong-shaped development site, which allowed for a large interior courtyard, in addition to a landscaped rooftop terrace with lounging and dining areas and a bocce court and garden-level terrace. S3 Architecture designed the project as a two-winged structure, the main facade of which is clad in corrugated zinc panels punctuated by projecting bright yellow window frames. Of its 75 units, 15 are reserved for those earning 60 percent of the area median income and range from $856/month studios to $1,114/month two-bedrooms.
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This charming pad comes from the top floor of 786 Washington Avenue, a 16-unit prewar co-op in Prospect Heights. Interior details include 11-foot ceilings, exposed brick, and hardwood flooring throughout. But the real perk is exclusive rights to the portion of the roof directly above the apartment, which is currently outfitted with a deck and custom bench seating. This appealing combo of indoor and outdoor space, plus the nice Brooklyn location, is on the market for $625,000.
This way for a tour
According to its listing, the historic limestone townhouse at 205 Park Place that holds this elegant one-bedroom co-op is “conveniently located on what Time Out New York has deemed the 21st Best Block in all of NYC.” This bragging point is, in fact, accurate; though the Prospect Heights block’s designation happened in 2006, we doubt the stately brownstones and pre-war apartment buildings have changed much since. The apartment, asking $660,000, also comes with the good fortune of having Grand Army Plaza and the 585 acres of Prospect Park just steps away.
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The space may be modest, but the owner of this Prospect Heights co-op at 125 Eastern Parkway has managed to pack a lot inside. Decorations abound at the studio apartment, which is now on the market asking $349,000. It’s a decent deal for an apartment right off Prospect Park, and it certainly does boast some of its own prewar charm.
Even the bathroom’s decked out
Last spring, the first housing lottery opened at Pacific Park Brooklyn when 181 affordable units at SHoP’s 461 Dean Street (the world’s tallest modular tower) came online. It was followed a few months later by 298 openings at 535 Carlton Avenue, COOKFOX‘s entirely affordable building, and now the third set of apartments for low- to middle-income New Yorkers is open. SHoP Architects also designed an all-affordable building at 38 Sixth Avenue, adjacent to the Barclays Center, and as of today these 303 residences are up for grabs, ranging from $532/month studios to $3,695/month three-bedrooms. Households earning between 101 and 165 percent of the area media income (or up to $173,415 annually) are eligible for 198 of the units, while 105 units are set aside for those earning between 30 and 100 percent (as low as $20,126 a year).
More details and the whole qualification breakdown
Loft lovers will appreciate what this apartment at 535 Dean Street, in Prospect Heights, is delivering. The large, open living space–perfect for that flexible loft floorplan–boasts 12-foot-tall ceilings and wall-dominating windows. In addition, there are two bedrooms and a customized loft space built out by a local Brooklyn designer. This apartment, with its many built-ins and creative bedroom spaces, is now asking a hair over $1 million.
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, Fri, September 23, 2016
Intricate, carved woodwork is one of those details that you’ll never find in new developments. A relic of the past, it can also be one of the most stunning features of an apartment. That’s the case for this three-bedroom co-op, now on the market for $1.25 million, at 560 Dean Street in Prospect Heights. Separating the formal living and dining rooms is an impressive ornamental wood transom. It’s paired with other prewar details like a decorative fireplace, the original wood mantle and oak flooring laid in a unique diagonal pattern. It’s true what they say, they don’t make ’em like they used to…
See all the prewar features