540 Graham Avenue
Update
08/07/23
Affordable Housing Lottery Kicks Off for 540 Graham Avenue
NYC Housing Connect has started an affordable housing lottery encompassing 8 units within a new, 5-story residential building, located at 540 Graham Avenue in Brooklyn's Greenpoint neighborhood. Eligible applicants must earn between $99,086 and $165,230 annually, or sit at 130 percent of the area median income (AMI). Applications will be accepted either online or by mail until August 25, 2023.
Developed by , the building will contain rental apartments in total, as well as square feet of commercial space. This will likely come in the form of ground-floor retail.
Plans also call for a cellar level and an enclosed parking garage, with enough room for vehicles. Tenant amenities are to include a fitness center with a yoga studio, and a roof terrace with lounge seating, dining areas, and BBQ stations.
Designed by , the structure is set to stand feet tall and will total square feet. Construction is being carried out by general contractor, , and work is expected to wrap up in the coming months.