When we hear about affordable housing in New York City, we often hear about buildings with a select number of units available for lower renting prices, while the rest of the building’s units remain available at regular price. Well, that’s no longer the only case! Brooklyn’s Pacific Park development is now home to the first 100% affordable housing apartment building.
What building is it?
535 Carlton Ave is the first 100% affordable housing building in New York City. All 18 floors of the building share the same modern, visually-appealing aesthetic that the other buildings in the development will have. The building also offers amenities such as a communal terrace, gym, and bike room.
What will the rooms cost?
The buildings has a mix of studios and one, two, and three-bedroom apartments, which will range in price from $578 for a studio to $3,716 for a three-bedroom. The income requirements for these affordable units are between $20,100 for one person and $173,415 for a six-person family. Half of the 298 units will be reserved for the highest income applicants — those who make $74,606 for an individual and those who make $173,415 as a family of six.
Will the rest of Pacific Park have affordable housing?
The entire development is slated to have 2,250 units of affordable housing. Currently there are 479 affordable units, with another 303 to be made available this summer.
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