April 1, 2019 By Laura Hanrahan
A new affordable housing lottery has opened for one of Williamsburg’s newest and largest waterfront developments, 420 Kent Ave., with 121 units up for grabs.
The units, located in the first of three geometric towers that will eventually comprise the 420 Kent development, include studios, one-bedrooms and two-bedrooms. Interested applicants have until May 29 to apply, and housing will be awarded to qualified tenants via a lottery.
Studios will cost $867 per month, with one bedrooms going for $931 and two-bedrooms going for $1,123.
The luxury building, located near the South Williamsburg Ferry and a short walk from the Marcy J/M train station, features a gym, lounge, laundry room, and has a concierge service.
The majority of the available units are studios, with 70 being offered in the lottery. The units are only available to individuals making between $31,680 and $43,860.
Twenty-seven one-bedroom units are available for individuals making between $33,943 and $43,860, and households of two making up to $50,100.
The remaining 24 units are two-bedrooms and are available to households between two and four people in size. Households of two must make between $40,560 and $50,100, while households of three must have an income between $40,560 and $56,340. Four-person households can make up to $62,580.
The rent covers gas for cooking, however, tenants will be responsible for electricity and electric heating.
Preference will be given to applicants who are already residents of New York City, with additional preference given to residents of Brooklyn Community Board 1, municipal employees and those with mobility, vision or hearing impairments.
For more information and to apply, go to New York Housing Connect.