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The city has opened applications for 153 apartments at 325 Bond Street, with units ranging from studios to two bedrooms. Rents range from $903 to $3,821 depending on size and income eligibility.
Meanwhile, the offering, first detailed in a published press release via NYCNewswire, highlights the city’s continued push to expand affordable housing through its Inclusionary Housing Program.
The Brooklyn Housing Lottery at 325 Bond Street brings 153 new apartments to the market, spread across multiple income tiers to reach a diverse range of applicants.
Located in Gowanus, the development sits in one of Brooklyn’s fastest-evolving neighborhoods, where new construction and rezoning efforts have reshaped the local housing landscape in recent years. As a result, opportunities like this have become increasingly important for residents trying to stay in the area.
The project is part of New York City’s Inclusionary Housing Program, which requires developers to include affordable units in new residential buildings. In addition, the property is expected to receive tax incentives through the 421a program, a key tool the city has used to encourage mixed-income development.
Apartments range from studios to one-bedroom and two-bedroom units, offering options for individuals, couples, and families. Each layout is designed to accommodate different household sizes while maintaining access to below-market rents in a neighborhood where prices continue to climb.
The Brooklyn Housing Lottery at 325 Bond Street offers a wide range of pricing options designed to reach households across multiple income levels.
Studios are priced between $903 and $2,633 per month, while one-bedroom units range from $960 to $3,821. Two-bedroom apartments are listed between $1,142 and $3,366, depending on the income tier and unit designation.
These apartments are distributed across several affordability bands tied to Area Median Income, including 40 percent, 60 percent, 110 percent, and 130 percent of AMI. As a result, the lottery is not limited to low-income applicants and also includes options for moderate and middle-income households.
Income eligibility varies widely based on both household size and unit type. In general, applicants must earn between $34,766 and $192,500 annually to qualify.
For example, lower-rent units are typically reserved for households earning closer to the 40 percent and 60 percent AMI thresholds, while higher-priced units are available to those earning at the 110 percent and 130 percent levels.
This tiered structure allows the development to serve a broader cross-section of New Yorkers, reflecting the city’s ongoing effort to balance affordability with mixed-income housing growth.
For many New Yorkers, the Brooklyn Housing Lottery offers a rare chance to secure housing in Gowanus, where rents have steadily climbed alongside rapid redevelopment.
In recent years, the neighborhood has seen an influx of new residential projects, rising property values, and increased demand. As a result, long-time residents and middle-income households have faced growing pressure to find affordable options nearby.
The addition of 153 units at 325 Bond Street will not solve the broader housing shortage, but it does provide a meaningful opportunity for a mix of applicants to remain in or move into the area.
At the same time, the city is prioritizing local access. Preference will be given to residents of Brooklyn Community Board 06, which includes Gowanus and surrounding neighborhoods. Additional priority will go to municipal employees and military veterans, reinforcing efforts to support those who live and work in the city.
Together, these measures aim to balance neighborhood growth with accessibility, ensuring that at least a portion of new housing remains within reach for a broader cross-section of New Yorkers.
The building at 325 Bond Street includes amenities designed for modern city living.
Residents will have access to rooftop outdoor space, a fitness center, a business center, a children’s playroom, and shared laundry facilities.
In addition, the building features energy efficient appliances, dishwashers, bike storage, package lockers, and virtual doorman services. Heating and hot water are included, while tenants pay for electricity separately.
This Brooklyn Housing Lottery reflects a broader push by the city to expand affordable housing opportunities through mixed-income developments.
As neighborhoods like Gowanus continue to grow, lotteries like this play a key role in balancing development with accessibility for a wider range of residents.
As part of ongoing Brooklyn Buzz updates on housing and neighborhood development, the lottery signals continued investment in affordability amid rising housing costs.
Applicants must submit entries for the Brooklyn Housing Lottery through NYC Housing Connect.
The city will keep the lottery open through June 8, 2026. There are no application fees or deposits required.
Applicants should review eligibility requirements carefully before applying.
Further details were initially released through an official NYCNewswire press release.
What is the Brooklyn Housing Lottery at 325 Bond Street?
It is a city-run affordable housing lottery offering 153 apartments in Gowanus, Brooklyn.
Who can apply for the lottery?
Households earning between $34,766 and $192,500 annually may be eligible depending on unit type.
When is the deadline to apply?
Applications must be submitted by June 8, 2026.