More than three years ago, permits for the three developments at Bushwick's former Rheingold Brewery site were filed, and now, two of the buildings, 123 Melrose (phase I) and 10 Montieth Street are complete. Rabsky Group's 115 Stanwix Street, the third and smallest of the three, is nearing completion (exterior work is still underway) and has recently launched an affordable housing lottery (PDF) for 41 middle-income units open to individuals and families making up to 80 and 130 percent of the area median income, or between $49,098 and $157,300.
Under the 80 percent AMI, 11 one-bedrooms are renting for $1,432/month, 3 two-bedrooms for $1,718/month, and 2 three-bedrooms for $1,985/month. Studios under this bracket are not available.
Under the 130 percent AMI, 2 studios are asking $2,171/month, 17 one-bedrooms for $2,327/month, 4 two-bedrooms for $2,791/month, and 2 three-bedrooms for $3,225/month. You can check out the full breakdown below.
Available units and income requirements (NYC Housing Connect)
Qualifying New Yorkers have until November 12, 2018 to apply via NYC Housing Connect for the new affordable units. Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.
Designed by ND Architecture and Design, 115 Stanwix stands 8 stories tall and will hold a total of 130 residences.
Its amenity package isn't as comprehensive as the ones offered by its new neighbors, but it does provide 65 enclosed parking spaces, bike parking, a laundry room, gym, theater room and lounge, and a roof deck.
The building is just a few blocks away from the J, L, and M trains, along with several Brooklyn-bound buses.
In total, the Rheingold developments have brought 324 affordable units to the neighborhood.
The building is just a few blocks away from the J, L, and M trains, along with several Brooklyn-bound buses.
In total, the Rheingold developments have brought 324 affordable units to the neighborhood.
Enjoyed this Article? Like CityRealty on Facebook and follow @CityRealty on Instagram. You can also tweet us at @CityRealtyNY.
Related Articles
Future New York
New York’s Classical Revival: See the new Penn Station and traditional designs reshaping the luxury residential market
Wednesday, June 24, 2026
Future New York
Price Cuts: "Big" screenwriter's Cobble Hill townhouse trimmed by $900K; Lantern House junior penthouse drops below $10M
Wednesday, June 24, 2026
Future New York
Landmarks praises residential conversion/restoration of NoMad's Baudouine Building, Seeks revisions to rooftop addition
Tuesday, June 23, 2026
Get To Know
What is a sponsor unit? Pros, cons, and NYC apartments with no board approval required from $165K
Tuesday, June 23, 2026
Future New York
NYC contracts led by $18.5M Upper East Side mansion and a bespoke Billionaires' Row condo
Tuesday, June 23, 2026
Get To Know
How property values are assessed in NYC + Great new listings with open houses from $445K
Saturday, June 20, 2026
Get To Know
Swim with a View: 30 Manhattan buildings with high-floor swimming pools and fitness centers
Saturday, June 20, 2026
Future New York
Brick is Back: NYC developments revive the warmth of masonry; See Morris Adjmi's new design for 277 Canal Street
Friday, June 19, 2026
Content Specialist
Sandra Herrera
Sandra Herrera is a writer, editor, and graphic designer based in Brooklyn, NY.
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
