An affordable housing lottery has opened for a modern-looking 13-story, 171-unit development on Flatbush Avenue. Running from Aurelia Court to Triangle Junction mall, the complex at 1634 Flatbush Avenue replaces a gas station formerly on the site.
Of the 45 studio, one-, and two-bedroom apartments in the lottery for the new building, all income restricted and rent stabilized, 44 could be deemed truly affordable. Those are for families earning 40 to 80% of the Area Median Income, with income limits set between $31,612 and $134,160.00 for households of one to five people, according to the listing.
Nine units are studios ranging from $823 to $1,757 a month, 19 are one-bedroom apartments from $874 to $1,875, and 17 are two-bedroom units starting at $1,031 and topping out at $2,232 a month. The remaining two-bedroom unit set aside for families earning 130% of AMI is renting for $3,963 a month.
With an alternative address of 1640 Flatbush Avenue, the complex was designed by J Frankl Architects. A rezoning was required to convert the site to residential use and allow a bigger building, documents show.
Apartments have dishwashers, high-end appliances and finishes, air conditioning, and balconies, the listing says. The pet-friendly building includes a dog-washing station, garages and parking, bike storage, a shared laundry room, a gym, community center, party room, children’s playroom, rooftop terrace, cinema, and other amenities, some of which require an extra fee, according to the listing. Tenants pay for electricity, which covers the stove and heating.
Renderings show a gray masonry and glass building with “deconstructed” bits at the corner entrance and roofline. Varying spacing between windows makes for a dynamic facade. No balconies appear in the rendering, but a terrace is visible on the ninth floor.
A high ground floor with big windows will house retail and is inviting to passerby. According to the building permit, the development includes 13,871 square feet of commercial space.
Of the 126 apartments not included in the lottery, there are currently 26 listed on Streeteasy, with studios starting at $2,240 a month and two-bedrooms at $3,139. That’s $824 cheaper than the most expensive two-bedroom apartment in the lottery.
According to city records, 1640 Flatbush Oz Owner LLC purchased the property for $16.15 million in 2019. Joseph Moinian of The Moinian Group is listed as the signatory for the LLC, and the project is listed on the company’s website.
Moinian is behind the 26-story very reflective development at 123 Linden Boulevard in Prospect Lefferts Gardens, as well as a range of other high-rise developments in Manhattan.
The complex at 1634 Flatbush Avenue is required to include affordable units due to the Mandatory Inclusionary Housing program triggered by any rezoning. It is expected to received the 421-a tax abatement, according to the listing.
The 1634 aka 1640 Flatbush Avenue Apartments lottery closes Oct. 7. To apply, visit the listing on New York City’s Housing Connect website.
This story first appeared on Brooklyn Paper’s sister site Brownstoner
The post Affordable housing lottery opens for new 13-story Flatbush development with 44 ‘truly affordable’ units first appeared on The Ocean Avenue News.
