The conversion of Bushwick’s historic St. Mark’s Evangelical Lutheran Church into rentals is nearing completion, and with that developer Cayuga Capital has launched the lottery [PDF!] for the project’s 20 affordable apartments, DNAinfo first reported.
The affordable apartments here start at $822 for a studio (for an individual making between $28,183-$38,100 annually) and go up to $1,071 per month for a two-bedroom for people making between $36,720 and $54,360.
There’s just one studio apartment up for grabs among the affordable units, with nine one-bedrooms, and 10 two-bedrooms making up the rest of the affordable units tally.
Though there’s still some time before the project’s market-rate rentals launch, they are expected to start at $2,500 for a studio and go up to $6,000 per month for a two-bedroom, according to DNAinfo.
Cayuga purchased this property at 616 Bushwick Avenue in 2011 for $4.1 million. In the years after its purchase, and before construction got underway, the space was used as an event venue, artists’ studios, and even served as a film location.
An initial plan to convert this complex into condos was rejected by the city in favor of a rental conversion. Overall the project includes 99 apartments spread out between the old church building, a school building, and a new building that Cayuga built at the complex. That new structure topped out in February 2015.
Residents within Brooklyn Community Board 4 will get a preference on half of the affordable units, and applicants have until June 9 this year to apply. Nooklyn has been hired to carry out marketing and leasing on the project.