363 Bond Street

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.
Find out if you qualify