For those with a taste for modern NYC living with affordability that’s very un-nyc-like, a brand new affordable housing lottery has just landed in Brooklyn, and it needs to be seen to be believed. Located at 1042 Atlantic Avenue in Brooklyn, this stunning building features household sizes ranging from one to five and eligible incomes between $34,492 and $227,500. Units are available for as low as $844 per month for a one bedroom.
This lottery offers a rare opportunity to live in a contemporary, amenity-rich building at unbeatable prices. Residents will enjoy light-filled apartments with expansive windows, chef-inspired kitchens with premium appliances, and refined bathrooms.
🏙️ Prosper Brooklyn: Inside the Building
Adorned with sleek, modern units, Prosper Brooklyn is designed to combine luxury with convenience. The building features a game room, movie theater, coworking lounge, outdoor courtyards, a tranquil zen garden, pilates room, sauna with cold plunge pool, pickleball court, rooftop terrace, and children’s playroom.
Pet-friendly and convenient for your fuzzy roommates, it allows up to two pets (50 lbs total) with a $300 refundable deposit. Apartments come with washers and dryers, energy-efficient appliances, air conditioning, and dishwashers, while the building offers security cameras, a doorman, elevator, and accessible entrances. Tenants cover electricity, heat, hot water, and stove use, with some amenities carrying additional fees.
📍 An Unbeatable Location
Nestled in the heart of one of NYC’s most vibrant boroughs, this building is located just two minutes from the subway. Residents can enjoy shops, restaurants, and essential services right outside the door.
📋 Eligibility And Availability
💻 How to Apply
Prosper Brooklyn is part of the Inclusionary Housing Program and is anticipated to receive a 421a tax exemption through the NYC Department of Housing Preservation and Development.
There are no application fees or deposits, and preferences are given to Community Board 8 residents, municipal employees, and military veterans.
Applicants can apply online via NYC Housing Connect or request a paper application by sending a self-addressed envelope to Prosper Brooklyn Apartments, C/O Reside Affordable, 349 Keap Street, Brooklyn, NY 11211. Only one application per household is allowed, and NYC residents receive a general preference.
Interested applicants have until April 13th, 2026.