The affordable housing lottery is open for 151 Somers Street, a four-story residential condominium development in Bedford-Stuyvesant, Brooklyn. The eight-unit building designed by Sion Associates yields 10,700 square feet. Available on NYC Housing Connect are two units for sale for residents at 60 percent of the area median income, ranging in eligible income from $38,860 to $61,440.
Residential amenities include a shared laundry room, security cameras, dishwasher in unit, energy-efficient appliances, air conditioning, and a patio or balcony.
At 110 percent of the AMI, there is one studio unit with a $226,790 estimated sale price for incomes ranging from $38,860 to $54,600 and one one-bedroom with a $259,150 estimated sale price for incomes ranging from $38,860 to $61,440.
Prospective buyers may have zero percent of the purchase price available for down payment if they have obtained pre-approval for a mortgage. They must meet income and household size requirements to apply for these apartments.
Applications must be postmarked or submitted online no later than May 3, 2021.