102 Ultra-Affordable Units Up for Grabs in Greenpoint, Starting at $368 a Month

A third affordable housing lottery has opened at Park Tower Group’s neighborhood-transforming mega-project Greenpoint Landing in Greenpoint. This one is for 102 ultra-affordable units at 5 Blue Slip; the entire building will consist of affordable housing. Monthly rents and income caps are on the low end of the scale for affordable housing in Brooklyn. Rents range from $368 for a studio to $860 for a two-bedroom. Incomes for applicants will need to fall within a range of $13,955 for one person to $45,300 per year for households of four people. The six-story building will comprise 22 studio apartments, 29 one-bedroom apartments, and 51 two-bedroom apartments. The lottery opened October 28 and will run through December 29. Amenities will include a laundry room, bicycle room, fitness room, and a shared landscaped courtyard. For half the apartments, preference will be given to applicants residing in Community Board 1.

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