An affordable housing lottery has opened for 27 apartments in a recently completed nine-story, 89-unit development that runs along Atlantic Avenue overlooking the J subway tracks and a McDonald’s. The project, which replaced a Speedway gas station, is a boxy-looking modern building with intersecting gray and white panels and big windows.
Of the 27 studios, one-bedrooms, and two-bedrooms in the lottery for 1889 Atlantic Avenue, all income restricted and rent stabilized, 16 could be deemed somewhat affordable. Those are for families earning 80 percent of Area Median Income, with income limits set between $68,435 and $134,160 for households of one to five people, according to the listing.
Three units are studios going for $1,869 a month, five are one-bedroom apartments for $1,993, and eight are two-bedrooms that will rent for $2,375. The remaining ones in the lottery are for households earning 130 percent of AMI, or between $104,572 and $218,010 for one to five people, including six two-bedrooms priced at $3,600 a month.
Market rate rentals started leasing in July, StreetEasy shows. Among the 10 units currently listed is a studio asking $2,400 and a one-bedroom priced at $2,623.
The new building includes a gym, business center, outdoor and rooftop terraces, car and bike parking, and a shared laundry room, according to the listing. It is pet-friendly and smoke-free. Apartments have dishwashers and air conditioning. While rent includes hot water, tenants have to pay for electricity including the stove and heat.
Designed by J Frankl Architects, the apartments have white and light wood finishes and the bathrooms appear to have light stone tiles, rendering show. The units appear well lit with large windows.
The building itself is a large uniform box in shape, with intersecting panels and big windows forming a plaid-like grid across the facade. The western side, which faces the only other building on the block, a McDonald’s, doesn’t have any windows. The building’s ground floor has high ceilings and even bigger windows, making for a pedestrian-friendly streetscape.
The lot at 1889 Atlantic Avenue previously housed a Speedway gas station. As land values have soared in the borough, a number of gas stations have been razed to make way for taller and bigger buildings that take advantage of the sites’ excess FAR.
Speedway sold the property to 1885 Atlantic Realty LLC in 2021 for $4.5 million, city records show, with developer Jacob Kohn of the Jay Group behind the LLC.
The building takes advantage of New York’s Voluntary Inclusionary Housing program and will likely qualify for the now expired 421-a tax abatement, the listing says, which is why it is mandated to include the affordable units.
The 1889 Atlantic Avenue Apartments lottery closes on Jan. 22. To apply, visit the listing on New York City’s Housing Connect website.
This story first appeared on Brooklyn Paper’s sister site Brownstoner
