The affordable housing lottery has launched for 555 Grand Street, a six-story building in Williamsburg, Brooklyn. The 8,636-square-foot development was built in 1920, and yields 12 units. Available on NYC Housing Connect are two units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $80,572 to $167,570.
555 Grand Street
The Department of Buildings recently approved plans to transform a humble three-story brick storefront with apartments in Williamsburg into this metallic-looking six-story building. The century-old building at 555 Grand Street will expand from two apartments to 12, and gain 3,000 square feet of residential space for a new total of 8,668 square feet.