New Brooklyn "Affordable Housing" Seeking Tenants Making Up To 200k Per Year

[Actually6Foot3]

Patch.com - GDPR


BROOKLYN HEIGHTS — The city is touting a large batch of waterfront apartments, some of which require an annual salary of about $200,000, as affordable.


One hundred units at 15 Bridge Park Drive in Brooklyn Heights will be available through NYC Housing Connect until Nov. 9, but only to residents who make a specific income, city records show.

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Half the apartments are reserved for applicants who earn 165 percent the average median income, which means 13 three-bedroom apartments cost $4,380-per-month and require an annual income between $150,171 and $199,650.

Twenty studio apartments cost $2,947-per-month and require applicants earn a minimum of $101,040 annually, 10 $3,157-per-month one-bedrooms require a $108,240 minimum salary and seven $3,797-per-month two-bedrooms require a $130,183 minimum salary.

The development is located near a section of the Brooklyn-Queens Expressway that Department of Transportation officials say needs a years-long renovation that will cost billions of dollars and potentially shut down the Promenade for six years.

Building amenities include a rooftop sun terrace, fitness center and a children’s playroom, records show.

More information is available on the NYC Housing Connect website.

Photo courtesy of the Department of Housing Preservation and Development

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[Actually6Foot3]

Wtf is going on in my city

 

[Actually6Foot3]

Note for those who may not understand.

With many new developments in NYC there are tax incentive for developers set side affordable housing units. These are typically done at a 80/20 split. Meaning 80% are market rate and 20% are "affordable" units with poorer residents in said neighborhood getting priority based on an income threshold. As is the case here. Some times that thread is beyond what your average person would consider affordable. See the chart for an income breakdown.

Source: I work in real estate

 

[Rockstar Mom]

I applied for these

 

[Actually6Foot3]

I applied for these

yeah you and about 300,000 others for about 50 apartments I'd bet.

Gotta be in it to win it tho

 

[Rockstar Mom]

yeah you and about 300,000 others for about 50 apartments I'd bet.

Gotta be in it to win it tho

That’s how lottery apartments go. And I’m a city employee. I actually have priority for lottery apartments. I live in one now. But I need a bigger spot.

 

[Ikwa]

So it's just the bronx left standing after brooklyn and harlem goons got ran off the city

 

[Rockstar Mom]

So it's just the bronx left standing after brooklyn and harlem goons got ran off the city

You know how many of these buildings are being built in the BX right now? More of these kinds of buildings are being built there more than any other borough. BX been getting gentrified.

 

[ba'al]

It's a lot of New York nikkas down here in Florida especially Carribean nikkas all got family up in New York or vice versa. Know a rican who whole family come down during the warmer seasons and he go back up for christmas.

So it's just the bronx left standing after brooklyn and harlem goons got ran off the city

 

[Actually6Foot3]

That’s how lottery apartments go. And I’m a city employee. I actually have priority for lottery apartments. I live in one now. But I need a bigger spot.

Neighborhood residents get first priority and this is a smaller scale building so it's Even less likely. The buildings with 400+Units are more likely since they have more units set aside for affordability. Buildings like 461 Dean, 33 Bond St and 250 Ashland are good examples of this

 

[King Poetic]

this is why u see sooo many new yorkers living in other cities...

 

[Originalman]

Note for those who may not understand.

With many new developments in NYC there are tax incentive for developers set side affordable housing units. These are typically done at a 80/20 split. Meaning 80% are market rate and 20% are "affordable" units with poorer residents in said neighborhood getting priority based on an income threshold. As is the case here. Some times that thread is beyond what your average person would consider affordable. See the chart for an income breakdown.

Source: I work in real estate

Yep chicago does similar with developers who take government money to build apartments and town homes.

 

[Heafcliffe]

They tryna bring San Fran prices to the east coast

 

[Rockstar Mom]

Neighborhood residents get first priority and this is a smaller scale building so it's Even less likely. The buildings with 400+Units are more likely since they have more units set aside for affordability. Buildings like 461 Dean, 33 Bond St and 250 Ashland are good examples of this

I’m in BK. I wouldn’t move to the city regardless. I applied for the fukk of it honestly. There’s a new one in BK that I’m hoping to get into.

 

[Kiyoshi-Dono]

fukking ridiculous..