Affordable Housing

Housing lottery launches for 139 apartments at a new development in Coney Island

  • New Yorkers who earn $60,069 to $198,250 can apply and rents start at $1,640 for a one-bedroom
  • The project's geothermal heating system uses renewable energy and reduces harmful emissions
Celia Young Headshot
By Celia Young  |
January 18, 2024 - 10:00AM
A rendering of the lower floors of the geothermal development at 2925 West 16th Street in Coney Island, Brooklyn.

The Coney Island building also uses the alternate address of 1515 Surf Ave.

NYC Housing Connect

Housing lottery applications are open for 139 rent-stabilized apartments at a massive new development in Coney Island, Brooklyn. New Yorkers who earn $60,069 to $198,250 are eligible to apply, depending on the size of the household. Rents start at $1,640 for a one-bedroom apartment.

The building at 2925 West 16th St. has a media room, gym, pool, yoga and dance studio, and a playroom. It’s located near the Coney Island’s famous boardwalk and the Coney Island-Stillwell Avenue subway station with service to the D, F, N, and Q lines.

Developed by LCOR, the 26-story building is one of the largest geothermal residential developments in New York City, helping to reduce the property’s carbon footprint ahead as the city begins to track building’s greenhouse gas emissions under Local Law 97.

Its apartments are set aside for New Yorkers earning between 80 and 130 percent of the area median income (AMI)—a metric that depends on the number of people you live with. Currently the AMI for New York City is $113,000 for a two-person household. There are one- and two-bedroom apartments available for rent. 

There are 86 one-bedroom apartments available for households earning from $60,069 to $101,680 per year. The rent for these apartments is set at $1,640. 

The developers have set aside 50 percent of the rent-stabilized apartments for applicants who already live in the area. Another 5 percent of the apartments will be preferentially given to NYC employees. A small percentage of the units are also reserved for residents with mobility, vision, and hearing needs. 

Applications must be submitted online or postmarked no later than March 20th.

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 stability 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.

Celia Young Headshot

Celia Young

Senior Writer

Celia Young is a senior writer at Brick Underground where she covers New York City residential real estate. She graduated from Brandeis University and previously covered local business at the Milwaukee Business Journal, entertainment at Madison Magazine, and commercial real estate at Commercial Observer. She currently resides in Brooklyn.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.