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Affordable Housing

Affordable lottery launches for 32 Brooklyn apartments from $1,450/month at 2442 Ocean Avenue

All renderings of 2442 Ocean Avenue via Eran A. Birnbaum Architect All renderings of 2442 Ocean Avenue via Eran A. Birnbaum Architect
The section of Brooklyn just north of Sheepshead Bay has been a neighborhood of relatively low-rise buildings, but 2442 Ocean Avenue is about to change that. Two three-story wood frame houses have been demolished, and a seven-story building designed by Eran Birnbaum Architect is under construction on the site. The 105 apartments will start on the second floor, on top of a planned medical center. Market-rate leasing is still pending, but an affordable housing lottery has just been announced.

Starting June 5, New Yorkers earning 130% of the area median income ($49,715-$138,710/year) are eligible to apply for 32 apartments ranging from studios to two-bed, two-baths. The deadline is August 6, 2019. See further details and criteria here.
2442-Ocean-Avenue-2 Lottery criteria via Housing Connect
Renderings show that many units have private balconies, and all residents will benefit from incredible natural light through oversized windows. Amenities at this doorman building include a fitness center with yoga room, pool, sauna and steam room, children’s playroom, and laundry room. The shops and restaurants of Avenue U are one block away, and Marine Park is up the street. The nearby Avenue U subway stop allows for a direct commute to Manhattan.
The new building is taking shape in a bustling area of south Brooklyn. Next-door neighbor The Tresor’s reasonable prices, well-appointed apartments, and residential buildings helped the building sell out. The Ocean condominium debuted up the street in 2016, and a two-bedroom is currently listed for $859K. Further north, a seven-story, 14-unit rental is under construction at 1406 Ocean Parkway.
2442-Ocean-Avenue-3 Night rendering

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