Greenpoint rental near the waterfront launches lottery for 24 homes, from $1,546/month

March 27, 2024

All renderings courtesy of StudiosC-

A housing lottery opened this week for 24 mixed-income apartments at a new residential development in Greenpoint. Located at 33 Franklin Street, the seven-story building, dubbed Franklin Court, has 80 apartments with spacious layouts, impressive amenities, and a prime spot in Greenpoint near the waterfront. New Yorkers earning 80 and 130 percent of the area median income, or between $55,680 for a single person and $165,230 for a household of three, can apply for the apartments. Units start at $1,546/month for studios, $1,620/month for one-bedrooms, and $1,881/month for two-bedrooms.

Developed by Yidel Hirsch and designed by StudiosC, the building’s amenities include a state-of-the-art fitness center, bike storage lockers, a shared laundry room, an outdoor terrace, a courtyard, a lounge, a covered parking garage, a co-working space, and a roof deck.

Residences feature spacious layouts with floor-to-ceiling windows, hardwood floors, stainless steel appliances, central HVAC systems, and in-unit washers and dryers. Select units feature private outdoor terraces, which boast incredible views of the Manhattan skyline.

Demolition permits for the 21,000-square-foot site’s previous occupant were filed in October 2019, according to Yimby. In July 2020, permits were filed for the new residential building, calling for an 80-foot-tall development spanning a total of 79,801 square feet, with 54,484 square feet designated for residential space. There’s retail space on the ground floor.

Nearby public transit options include the G train and the B32 bus.

Qualifying New Yorkers can apply for the apartments until May 20, 2024. Complete details on how to apply are available here. Preference for 50 percent of the units will be given to residents of Brooklyn Community District 1. 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’s no-fee rentals page for other apartment deals in the city.


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