Real Estate

New 'Affordable' Brooklyn Apartments Require $86K Salary

The 143 affordable units are found in a new high-rise called The Willoughby.

More than 140 "affordable units" are found in a new high-rise called The Willoughby.
More than 140 "affordable units" are found in a new high-rise called The Willoughby. (Courtesy of RXR.)

BROOKLYN, NY — More than 140 affordable apartments are up for grabs in a new Brooklyn high-rise — but only for those that make at least $86,000 a year.

The 143 studio, one-bedroom and two-bedroom spots are found in a glass development known as The Willoughby, which launched its housing lottery this week, according to development company RXR. The 34-story building includes a total of 476 units.

For the affordable spots, applicants must make at least 130 percent of the area median income.

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That means only those making at least $86,503 can apply for the 45 studio spots, which will cost $2,523 per month in rent.

The one-bedroom units, of which there are 71 openings, applicants must make at least $92,572 a year, records show. Those units will cost $2,700 per month.

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The two-bedroom spots will cost $3,235 a month in rent and require applicants make a combined $110,915 salary. Anywhere from two to five people can apply to live in each of those units, according to the listing.

The Willoughby is the most high-price Brooklyn building currently on the affordable housing lottery, though salary requirements in all but one of the other buildings range from $50,000 to $65,000, records show.

At The Willoughby, apartments come with floor-to-ceiling glass windows, in-unit washer-dryers, a fitness center, outdoor courtyard and on-site parking, according to a release.

“The Willoughby sits at the intersection of several iconic Brooklyn landmarks like Fort Greene Park, Brooklyn Academy of Music and Barclays Center, and is the latest addition to the rapidly evolving downtown Brooklyn skyline,” RXR's Jarrod Whitaker said. “We are eager to help hard-working New Yorkers find their new home at The Willoughby by offering 143 units of middle-income, rent-stabilized housing, where they will realize a significant savings compared to a market rate unit.”

The development company says the affordable units offer between $8,000 and $22,000 savings per year compared to the market-rate spots.

Applicants should apply before Jan. 23.

Here's a look at the apartments (photos provided by RXR):

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