At one of the parcels of land being redeveloped as part of a rental complex at Bushwick’s former Rheingold Brewery site, the affordable lottery (PDF!) for 183 apartments at 54 Noll Street and 123 Melrose Street is getting ready to launch via the city’s Housing Connect website.
There’s a lot happening at the ten-block site, where three developers— Princeton Holdings and Read Property Group, All Year Management, and Rabsky Group— have each acquired a portion of the site and a moving forward their their respective plans for it. The buildings at 54 Noll Street and 123 Melrose Street, known as Evergreen Gardens, are where the affordable units are being offered for this particular lottery.
For the apartment breakdown, there are 56 studios that rent for $947 a month, 87 one-bedrooms priced at $1,017 a month, and 40 two-bedrooms that each go for $1,230 a month. Individuals and families earning 60 percent of the area median income, or between $34,355 and $57,240 (depending on household size and which apartment you’re applying for) are eligible to apply between Monday, March 5 and May 3.
Once complete, the rental complex will include between 800 and 900 rentals, with 20 percent of those being set aside as affordable housing. For a full breakdown of the many buildings taking shape at the development, head on over to here.
- Evergreen Gardens [NYC Housing Connect]
- At Bushwick’s Rheingold Brewery site, a gigantic rental complex takes shape [Curbed]