121 Affordable Units Up For Grabs In Spitzer's W'burg Building

WILLIAMSBURG, BROOKLYN — More than 100 apartments in former governor Eliot Spitzer's latest development on the Williamsburg waterfront have hit the affordable housing lottery.

70 studio, 27 one-bedroom and 24 two-bedroom apartments are up for grabs in the 420 Kent Avenue tower, which is part of a three-building development the politician funded on the street. Each of the affordable slots are for those making 60 percent of the area median income.

For the studio apartments, that means that rent will be $867 a month and is available to those who make between $31,680 and $43,860 per year.

The one-bedroom options are going for $931 per month and can go to those making between $33,943 and $43,860 or $50,100, depending on one or two people will be living there.

The two-bedroom apartments will cost $1,123 per month and are available for those making at least $40,560, with the maximum depending on the number of people that will be living there.

Those interested in applying should do so before the May 29 deadline and can find out more about how to do so here.

The 22-story tower is one of three on Kent Avenue that Spitzer Engineering has built after buying the land near North Eighth Street for $16 million in 2015. The buildings have floor-to-ceiling corner windows in 80 percent of the apartments that look over the Williamsburg Bridge, the East River and northern Brooklyn.

Residents will have access to two rooftops pools, roof terraces, a beach volleyball court and a private park, according to the 420 Kent website.

The public will have access to a 400-foot waterfront walkway that runs between the development and the East River.

The 420 Kent building also joins several other Williamsburg developments currently on the city's affordable housing lottery list.

Just last month, three other buildings in the neighborhood landed on the list.

Two of those buildings, one at 123 Hope Street and another known as the Ainslie Tower, are still up for grabs. 41 units at the Hope Street building are available and six at the Ainslie Tower building, which is found at 467 Keap Street.

The most affordable options between those two are at the Ainslie Tower. This building has three $1,058 per month one-bedroom apartments and three $1,280 per month two-bedroom apartments up for grabs for those making 60 percent of the area median income.

At Hope Street, studio, one bedroom and two-bedroom apartments are available for those making 80 percent the area median income or those making 100 percent the area median income.