The affordable housing lottery has launched for 505 state street, a 44-story mixed-use building at 100 flatbush avenue in downtown brooklyn. designed and developed by alloy development, the building comprises 440 residences. there are currently 45 units available on nyc housing connect for residents with incomes ranging from 40 to 100 percent of the area median income (ami), with eligible income ranging from $29,109 to $127,100.
The apartments at 505 state street are outfitted with high-quality materials, energy-efficient appliances, induction cooktops, in-home washer/dryers, air conditioning, smart controls for heating/cooling, and dishwashers. the building offers numerous amenities without any additional fees, including an attended lobby with a 24/7 concierge, package room, product library, gym with a yoga studio, grow room, workspace with a kitchen, conference rooms, "zoom" rooms, children's playroom, lounge with a kitchen and outdoor terrace, screening room, rooftop pool and terrace with 360 views, rooftop cabanas with seating and grills, as well as a rooftop living room with a full kitchen. tenants are responsible for their household electricity, including the electric stove.
for individuals earning 40 percent of the ami, there are four studios available with a monthly rent of $763, accommodating incomes ranging from $29,109 to $45,200. additionally, there are 11 one-bedrooms with a monthly rent of $812, suitable for incomes ranging from $31,200 to $50,840. moreover, there are two two-bedrooms with a monthly rent of $965, accessible to individuals with incomes ranging from $37,509 to $61,000. lastly, there is one three-bedroom with a monthly rent of $1,105, available to those with incomes ranging from $43,406 to $70,040.
individuals earning 60 percent of the ami can choose from 13 one-bedrooms with a monthly rent of $1,260, accommodating incomes ranging from $46,560 to $76,260. in addition, there are four two-bedrooms available with a monthly rent of $1,502, suitable for incomes ranging from $55,920 to $91,500. lastly, there is one three-bedroom with a monthly rent of $1,725, accessible to individuals with incomes ranging from $64,663 to $105,060.
for individuals earning 100 percent of the ami, there is one studio available with a monthly rent of $2,017, suitable for incomes ranging from $69,155 to $113,000. additionally, there are eight one-bedrooms with a monthly rent of $2,155, accommodating incomes ranging from $73,886 to $127,100.
prospective renters must meet specific income and household size requirements to apply for these apartments. applications must be postmarked or submitted online no later than december 11, 2023.
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