Lottery Launches for 30 Affordable Units in Large New Crown Heights Building, From $913/Month

Posted On Thu, May 26, 2016 By

Posted On Thu, May 26, 2016 By In affordable housing, Crown Heights, housing lotteries

The building itself, designed by Issac & Stern Architects, may be pretty unremarkable, the same for the block on which it’s located, but 505 Saint Mark’s Avenue is in a prime Crown Heights location and offers some great amenities. It has 147 brand new units and is just steps off foodie haven Franklin Avenue and right around the corner from trendy food/beer hall Berg’n.

While the market-rate apartments are pretty par for the course (a one-bedroom goes for about $2,500/month and a two-bedroom for around $3,600), a housing lottery has launched today for 30 affordable units, including $913 one-bedrooms and $1,065 two-bedrooms for individuals and households earning between $31,303 and $51,780 annually.

505 Saint Mark's Avenue, Crown Heights rentals, NYC affordable housing, Isaac and Stern

The aforementioned amenities include a furnished roof deck with life-size chess set, fitness center, laundry room, bicycle room, indoor parking, and a resident lounge with a billiard table and ping-pong. Residents of the affordable units may have to pay an extra fee for these.

505 Saint Mark's Avenue, Crown Heights rentals, NYC affordable housing, Isaac and Stern

505 Saint Mark's Avenue, Crown Heights rentals, NYC affordable housing, Isaac and Stern

Apartments feature stainless steel appliances including dishwashers, Cesearstone counters, central air, and hardwood floors.

505 Saint Mark's Avenue, Crown Heights rentals, NYC affordable housing, Isaac and Stern

The lottery officially opens today and applications will be taken until July 26, 2016. Apply here. And view market-rate listings for 505 Saint Mark’s Avenue on CityRealty.

RELATED:

Find below 6sqft’s map of other ongoing housing lotteries:

Images are general listing photos and do not represent the actual units available through the lottery

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Neighborhoods : Crown Heights

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