New York City is known for being an extremely expensive place to rent, and a difficult place to find a new, rent-stabilized apartment. But a waterfront building in Williamsburg next to Domino Park offers an opportunity for qualified renters to land an affordable apartment via the housing lottery.
The New York City housing lottery programs create opportunities for New Yorkers to access rent-stabilized apartments at premier doorman buildings in some of the city’s hottest neighborhoods, and the Kent Avenue Apartments Housing Lottery is no exception. And the best part is that saving up to 50% off market rents does not mean a compromise on quality.
If your annual household income ranges from $100,012 to $240,750, you may qualify for a brand-new, rent-stabilized apartment in this luxurious, amenity-filled space.
What do you get if you are selected from the lottery?
Let’s start with the style. The units are spacious and modern, with a layout intended to squeeze the most out of the square footage. The windows are fully operable with expansive views, whether you are facing toward the river or into the history and culture-filled neighborhood, and they are fixed with solar and blackout shades so you can control your own sleep schedule and experience.
The kitchen is filled in with state-of-the-art Bosch appliances. Whether you are an avid cook, or prefer to bring home food from the many local restaurants and pop-ups in Williamsburg’s unmatched food scene, the appliances and the Caesarstone countertops create a pleasant spot to dine.
Completing the modern feel, you will have dimmable LED track lighting, a smart home thermostat, and keyless apartment access.
And to top it off, units come with one of New York City’s most coveted features: an in-unit washer and dryer
Amenities add more luxury to this affordable option
The building is equipped with all of the luxury amenities, including a heated indoor pool with a sundeck overlooking the Williamsburg waterfront, a health club and fitness center, a spa and sauna, and even a spa for your beloved pet.
If you want to relax with close friends, or invite a colleague, there are private and group work spaces, a social lounge with billiards, table tennis and foosball, and a landscaped roof garden with grills.
Note that amenities come with extra fees, but the whole experience is offset by the lower rent for rent-stabilized housing lottery apartments.
How do I qualify? Finding out is easy
The requirements are based on annual household income and household size. Annual gross income includes all sources of income, including social security for each member of your household. For self-employed applicants, net income is analyzed.
This hot New York neighborhood can be your home
If you are already looking to rent in Williamsburg, then you probably already know that it is one of New York City’s most sought-after neighborhoods. For some, the lure is the restaurants and bars, unique shops, and iconic cultural institutions. But from a practical level, it offers a reasonable commute to many of the city’s jobs, and the lottery brings its ever growing prices into reach.
Domino Park, located adjacent to the building, sports five acres of outdoor area for your favorite outdoor activities, a variety of events or to just relax and take in the air along the river
All together, this is can be a dream home come true.
