"Included in the lottery for Baltic House, located at 556 Baltic St. (formerly 159 Third Ave.), are 23 studio, one-, and two-bedroom apartments, all rent stabilized and income restricted, 18 of which could be deemed truly affordable. Those are set aside for families earning 40% and 60% of the Area Median Income, or between $40,595 and $175,000 a year for households of one to five people, according to the listing."
"According to the permits, the new development, which spans Third Avenue from Baltic to Butler streets, was designed by Jay Architect & Engineering DPC and developed by 159 Third Residence LLC, with Simon Kaufman as managing member. In addition to the podcast room, art room, and ball court, the complex includes a children's playroom, gym, dog run, theater, backyard, rooftop terrace, and bike room, according to the lottery listing. Some amenities cost an additional fee, it adds. Apartments have air conditioning, washers and dryers in unit, and mini-split heating and cooling."
An 11-story, 92-unit building at 556 Baltic St. in Gowanus launched an affordable housing lottery. The lottery lists 23 rent-stabilized, income-restricted studio, one- and two-bedroom apartments, with 18 units reserved for households at 40% and 60% of Area Median Income. Rents start at $1,020 for one-bedrooms, with two-bedrooms at $1,908 and higher-tier studios and one-bedrooms reaching market-rate levels. The development was designed by Jay Architect & Engineering DPC and developed by 159 Third Residence LLC. Building amenities include an art room, podcast room, ball court, playroom, gym, dog run, theater, backyard, rooftop terrace, and bike room. Apartments feature air conditioning, in-unit washers and dryers, and mini-split heating and cooling; hot water is included while electricity is tenant-paid. Pets under 40 pounds are allowed with approval.
Read at Brooklyn Paper
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