Lottery launches for 38 affordable units at an amenity-rich Clinton Hill building, from $735/month

Posted On Mon, March 26, 2018 By

Posted On Mon, March 26, 2018 By In affordable housing, Brooklyn, Clinton Hill, housing lotteries

Rendering via HTO Architect

Located within walking distance to the Barclays Center and Prospect Park, a newly constructed building at 555 Waverly Avenue in Clinton Hill has 38 affordable apartments up for grabs. The eight-story building, situated between bustling Fulton Street and Atlantic Avenue, features amenities like on-site parking, a landscaped roof deck, indoor lounges and a 1,500-square-foot fitness center. Qualifying New Yorkers earning 60 percent of the area median income can apply for the units ranging from $735/month studios to $888/month two-bedroom apartments.

555 waverly avenue, clinton hill, housing lottery

Madison Realty Capital bought the site, formerly Beigel’s Bakery, in 2014 for $23.5 million and construction began the following year. Designed by HTO Architect, the 122-unit building boasts a grey and tan facade with alternating brick panels. Closest transit options include the C at Clinton Avenue, the S and A at Franklin Avenue and the G at Washington Avenue.

555 waverly avenue, clinton hill, housing lottery

Qualifying New Yorkers can apply for the affordable units at 555 Waverly Avenue until May 24, 2018. Fifty percent of units will be set aside for residents of Brooklyn Community Board 2. 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.

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All renderings via HTO Architect

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Neighborhoods : Clinton Hill

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