A housing lottery opens for 120 apartments at The Brooklyn Tower

Housing lottery applications are open for 120 newly constructed apartments at The Brooklyn Tower at 55 Fleet St. Applicants must earn $90,172 to $215,150 to be eligible, depending on the size of the household. Rents start at $2,630 for a studio.

The lottery gives New Yorkers a chance to live in a rent-stabilized apartment in a luxury building. The available apartments include 57 studios, 44 one-bedroom apartments, 18 two bedrooms and a single three bedroom. 

All applicants for these apartments need to be earning 130 percent of the area median income (AMI). AMI depends on how many people you live with. Currently the AMI for New York City is $106,800 for a two-person household.

The pet-friendly building is stacked with amenities including a media room, kids’ playroom, outdoor space, and a pool. 

All apartments have washer dryers, dishwashers, and high-end kitchen appliances. Tenants are responsible for paying electricity bills, including forced air heating. Rent includes gas for stoves and hot water. 

The location is just off Flatbush Avenue, in the heart of Downtown Brooklyn. The area is well served by buses and the nearest subway station is DeKalb Ave. for the B, N, R, D, Q, and W trains. You can get the 2 and 3 trains at Hoyt St. a few blocks away.

Applications must be submitted online or postmarked no later than May 30th.

If you’re interested and think you might qualify for one of these apartments, you can create a profile and apply online via NYC Housing Connect. For details on this particular lottery, click here. Don’t apply more than once, or you could be disqualified.

Winning a rent-stabilized apartment can be life changing: Rent increases are capped and lease renewals are automatic, providing long-term affordability for NYC renters. Need more information on how the housing lottery works? Check out “6 steps for applying to NYC's affordable housing lottery.”

For some advice from successful applicants read “How to land a rental apartment through NYC's affordable housing lottery.” And if you or someone you know is having trouble with the application process, consider reaching out to a housing ambassador in the community.

Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development or the Housing Development Corporation. If you are interested in applying to these or other affordable housing developments, please go to NYC Housing Connect for information and instructions.

Have you successfully won an apartment through the affordable housing lottery? If you have first-person advice to share about the process, we’d love to hear from you. Please send us an email. We respect all requests for anonymity.