As a subsection of Bed-Stuy—and with a location adjacent to rapidly gentrifying Bushwick—Ocean Hill has seen renewed interest from developers in the last few years. The approved rezoning of East New York in February has also given the neighborhood a big boost and brokers have started calling the area Brooklyn’s “last frontier.” As such, although the area median income remains very low ($35,000), home prices are quickly moving skyward and flipping is already in full effect. But not all is lost for those with lesser means. Starting today, qualifying NYC residents can apply for 27 newly constructed apartments at 1676 Broadway and 8 Rockaway Avenue. Apartments ranging from one- to three-bedrooms have been priced between $834 and $1,163 a month and are being offered to households earning between $30,000 and $63,000.
Per the housing authority, the development, dubbed the Henry Apartments, will offer 24-hour security, outdoor space, computer lounge, community room, bicycle storage, laundry room, and on-site social services for residents, including formerly homeless households with special needs. 60 percent of the available units are being set aside for residents with special needs.
According to Brownstoner, the affordable apartments are part of a two-parcel affordable housing project that broke ground in the winter of 2015. When complete, there will be a total of 134 affordable apartments for low and very low-income residents.
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.
- Live on the High Line for $596/Month, Lottery Launching for 75 Units at New West Chelsea Tower
- Live in SHoP’s American Copper Buildings for $833/Month, Lottery Launching for 160 Affordable Units
- Two Chances to Live in a Bushwick Two-Bedroom For $1,030/Month