Affordable Housing Units Ask $2.3K In Prospect Heights

PROSPECT HEIGHTS, NY — A massive Prospect Heights development just hit NYC's affordable housing lottery, but it's asking residents to make well above the local norm.

Some 240 studios, one- and two-bedroom apartments are available at 595 Dean Street, a mixed-use development that shares an address with Chelsea Piers's new Brooklyn outpost.

The development has 798 units in total, 240 of which were earmarked as affordable housing — all of which ask residents to rake in over 130 percent of the area median annual income.

Applications opened in early May for 99 studios asking $2,290 in monthly rent, 93 one-bedrooms asking $2,690 and 48 two-bedrooms asking $3,360.

A group of one or two people applying for a one bedroom apartment would need to make over $92,229 combined. For the two-bedroom, a group of two applicants would need to make over $115,000 per year combined.

The Dean Street apartment building boasts a long list of luxurious amenities available to residents who pay a "community fee," including a rooftop pool and grills, a game room, children's playroom, cardio room, screening room and co-working lounge.

Residents will also get discounted rates on Chelsea Piers memberships.

595 Dean is part of the 22-acre, 15-building Pacific Park development project, which will ultimately include 6,430 market-rate and affordable housing units, according to plans.

Construction on the development — previously called Atlantic Yards — started over a decade ago and includes Barclays Center and commercial and retail space.

Since 2012, some 1,374 affordable units have been built in the Pacific Park development, according to a representative. The development is expected to include a total of 2,250 affordable rental units, according to plans from 2017.

In 2022, electeds claimed Pacific Park developers owed the state $10 million for failing to deliver a promised community space, calling the development a "field of schemes," Brooklyn Paper reported. Electeds worried the developers would not hit their affordable housing requirements.

But developers assured Brooklynites at the time their affordable housing efforts were "unmatched," Brooklyn Paper reported.