Housing lottery launches for 101 rent-stabilized apartments in Williamsburg

New Yorkers who earn $106,458 to $218,010 are eligible to apply and rents start at $3,105 per month
The building holds 270 units total, and has bike storage lockers, a gym, and a rooftop terrace

By Celia Young | May 16, 2024 - 9:45AM

Housing lottery applications are open for 101 rent-stabilized apartments at a new development in Williamsburg, Brooklyn, but these units don’t exactly come cheap.

New Yorkers who earn $106,458 to $218,010 are eligible to apply, depending on the size of the household. Rents start at $3,105 per month for a studio.

The building at 255 Lorimer St. has an elevator, parking, bike storage lockers, a gym, and a rooftop terrace. It’s located right next to the Lorimer St. subway station that serves the M and J trains.

Developed by the Loketch Group, Joyland Group, and Meral Property Group, the 318,400-square-foot building holds 270 units total, according to the building’s architecture and design firm ODA. The building, also known as 555 Broadway, replaced a parking lot at the corner of Lorimer Street and Broadway, according to Department of Finance records.

A rendering of the 270-unit building at 255 Lorimer, from below angle.

The property sits next to the J and M subway tracks.

Photo courtesy ODA.

The apartments are set aside for New Yorkers earning from 130 percent of the area median income—a metric that depends on how many people you live with. Currently the AMI for New York City is $124,300 for a two-person household. The apartments available include studios as well as one- and two-bedroom apartments.

There are 58 one-bedroom apartments available for households earning from $113,726 to $181,740. The rent for these apartments is $3,317.

Applications must be submitted online or postmarked no later than July 12th.

A rendering of the 270-unit building at 255 Lorimer, from above angle.

The apartment building has a rooftop terrace, and units with balconies.

Photo courtesy ODA.

If you’re interested and think you might qualify for one of these apartments, you can create a profile and apply online via NYC Housing Connect. For details on this particular lottery, click here. Don’t apply more than once, or you could be disqualified.

Winning a rent-stabilized apartment can be life changing: Rent increases are capped and lease renewals are automatic, providing long-term stability for NYC renters. Need more information on how the housing lottery works? Check out “6 steps for applying to NYC's affordable housing lottery.”

For some advice from successful applicants read “How to land a rental apartment through NYC's affordable housing lottery.” And if you or someone you know is having trouble with the application process, consider reaching out to a housing ambassador in the community.

Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development or the Housing Development Corporation. If you are interested in applying to these or other affordable housing developments, please go to NYC Housing Connect for information and instructions.

Have you successfully won an apartment through the affordable housing lottery? If you have first-person advice to share about the process, we’d love to hear from you. Please send us an email. We respect all requests for anonymity.

Celia Young

Senior Writer

Celia Young is a senior writer at Brick Underground where she covers New York City residential real estate. She graduated from Brandeis University and previously covered local business at the Milwaukee Business Journal, entertainment at Madison Magazine, and commercial real estate at Commercial Observer. She currently resides in Brooklyn.

SEE MORE BY Celia Young »

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.