An affordable housing lottery has opened for a recently completed eight-story development on East New York’s Fulton Street, in a section of the neighborhood that was rezoned in 2016 and has seen a wave of new development. The new building, which has a total of 51 apartments, sits on the corner of the major thoroughfare and Van Siclen Avenue on what has long been a vacant grassy lot.
Included in the lottery for 2795 Fulton Street Apartments are 13 one-, two-, and three-bedroom apartments, all rent stabilized and income restricted and all of which could be deemed truly affordable. The units are set aside for families earning 40, 60, and 80 percent of the Area Median Income, or between $51,018 and $160,720 a year for households of one to seven people, according to the listing.
There is a one-bedroom that rents for $1,556 a month. Eight are two-bedroom apartments going for $1,099, 1,798 and $2,497. Also included are four three-bedrooms priced at $2,015 and $2,823 a month.
Designed by Nikolai Katz Architect and developed by 2795 Fulton St LLC, the new building includes a shared laundry room and outdoor terrace, according to the listing. Units have air conditioning and energy efficient appliances. The listing says tenants have to pay for electricity, which covers the stove, heat, and hot water. Tenants are allowed one pet weighing up to 25 pounds, the listing adds…