‘Paris-on-the-Gowanus’ rental launches affordable housing lottery, units from $833/month

Posted On Mon, March 20, 2017 By

Posted On Mon, March 20, 2017 By In affordable housing, Gowanus, housing lotteries

363 Bond Street, via Lightstone Group

When the Lightstone Group revealed their two-building, 700-unit, $350 million rental project at 363-365 Bond Street, right on the banks of the notoriously toxic Gowanus Canal, president Mitchell Hochberg said it was inspired by a residential project in the Canal Saint-Martin neighborhood in Paris that helped create a “newly hip atmosphere” near a similarly polluted waterway. Despite the area’s Superfund status, the promise of living in a trendy, up-and-coming area surely appealed to many; when the lottery opened for the 86 affordable units at #365, nearly 60,000 people applied. Now, the lottery is opening for the 54 below-market rate apartments at the under-construction #363, ranging from $833/month studios to $1,082/two-bedrooms, available to those earning 60 percent of the area median income.

365 bond gowanus365 Bond Street

Both buildings were designed to resemble the neighborhood’s historic warehouses. Number 365 is 12 stories and contains 430 apartments with market-rate units ranging from about $2,350 for studios to $5,000 for two-bedrooms; renters began moving in exactly a year ago.

363 Bond Street

Aside from the lottery, leasing information isn’t yet available for 363, though pricing will likely be similar. It’s also 12 stories and has 270 units. Amenities here will include a 24-hour attended lobby, gym, yoga room, kids room, bike storage, BBQ grills, a swimming pool, resident lounge, shuffle board court, outdoor deck, and outdoor gardens. Apartments will have GE appliances and in-unit Bosch washer/dryers. Both buildings will share the waterfront esplanade that Lightstone has already put in place.

Qualifying New Yorkers can apply for the affordable apartments at 363 Bond Street until May 19, 2017. Residents of Brooklyn Community Board 6 will be given preference for 50 percent of the units. 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. And find future market-rate rental listings for 363 Bond Street here (current listings for 365 Bond Street here).

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Neighborhoods : Gowanus

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