Greenpoint Lottery Offering 9 Apts Starting at $2,544

A Greenpoint rental development has 9 new apartments up for grabs in a new housing lottery. The 1- and 2-bedroom units are located at 216 Freeman St. Here are the details:

What: Housing lottery for 9 newly constructed units.
Who can apply: Households earning 130 percent of the area median income.
Where to apply: Online or through the mail. To apply online, go to NYC Housing Connect. To apply by mail, request an application by sending a self-addressed stamped envelope to 216 Freeman Lottery, c/o City5 Consulting, 1115 Broadway Ste 1026, New York, NY 10010.
Deadline: Oct. 2, 2018

Eligible applicants must earn between $87,223 and $95,030 for a single person application, and up to $146,510 for a 5-person household. Rental rates are $2,544 for the four 1-bedroom units and $3,050 for the five 2-bedroom units. Income eligibility is in the chart below.

The 6-story building contains a total of 30 units, including some 3 bedrooms, which are not part of this lottery offering and which rent at a market rate of $4,150 in a net-effective lease. Market rates for the 1-bedroom units — some of which include a terrace or balcony — are $2,975 on a net-effective lease, so you can see the rent difference between the market-rate apartments and those being offered via this 216 Freeman St. lottery.