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Gowanus affordable housing lottery launches with apartments from $833

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The lottery for 363 Bond’s 54 affordable apartments will be open through May 19

363-365 Bond Street
363 Bond Street as of May 2016.
Max Touhey

For the more than 56,00 people who applied—and were not chosen—to live in the 86 affordable apartments of 365 Bond Street: a speck of hope. The affordable lottery for the Gowanus Canal-fronting development’s second building at 363 Bond Street is now open, offering 54 studios to two-bedrooms priced from $833/month (h/t 6sqft).

The building at 363 Bond Street was developed by the Lightstone Group but sold to Atlantic Realty for $75 million in late 2015. The sale, however, did not change much. Like its neighbor at 365 Bond Street, tenants will have access to a whole host of amenities like a waterfront esplanade and interior courtyard. For a fee—for affordable and market-rate tenants alike—residents also gain access to amenities that include barbecue grills, a swimming pool, a deck, and bike storage.

The 54 apartments of 363 Bond available through the lottery include 20 studios renting for $833/month, 23 one-bedrooms for $895/month, and 11 two-bedrooms for $1,082/month. The lottery is open to those making 60 percent of area median income (AMI), or between $29,897 and $54,360 depending on the apartment size and number of residents.

The 268 market-rate apartments of 363 Bond have yet to rent, but they’ll probably mirror the pricing of apartments at 365 Bond, where studios start around $2,000/month. Apartments that are currently available at 365 Bond range from a studio seeking $2,363/month to a townhouse-style apartment seeking $6,457/month.

The lottery for 363 Bond will be open through May 19.

363-365 Bond Street

363-365 Bond Street, Brooklyn, NY