Greenpoint Landing‘s third affordable housing building has kicked off its lottery process. The ground-up seven-story building at 33 Eagle Street will provide 97 newly constructed rental apartments priced well below market-rate rents. The 24 studios will be priced from $494 to $1,463 per month for annual household earnings ranging from $18,275 to $78,650. Its 29 one-bedrooms, designated for either one or two-person households, have rents ranging from $532 to $1,840 for household incomes from $19,612 to $78,650. And lastly, the building’s 49 two-bedrooms are priced between $647 and $2,216, based on household sizes ranging from two to four persons with income ranges from $23,589 to $112,190 per year.
The modest, red brick building is situated at the corner of Eagle and West Streets and is being developed by the Park Tower Group and L&M Development as part of the 22-acre Greenpoint Landing master plan. In all, there will be roughly 5,500 apartments (1,400 of which will be deemed “affordable”), four acres of open space, and a K-8 public school.
33 Eagle is being designed by Handel Architects, and in addition to its 97 apartments, there will be ground-level retail and on-site amenities including a live-in superintendent, laundry room, bicycle room, fitness center, and landscaped community courtyard. Two nearby buildings at 21 Commercial Street and 5 Blue Slip are also under construction, and like 33 Eagle, all their units are priced below market-rate rents.
Those who qualify can apply here.
To see all the city’s ongoing affordable housing lotteries, check out 6sqft’s interactive map:
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Neighborhoods : Greenpoint