Luxury apartment complex The Brooklyn Tower just opened a housing lottery for units below their market rate price.
Located in Downtown Brooklyn, living in The Brooklyn Tower would mean access to over 120,000 square feet of amenities, including three outdoor swimming pools, a state-of-the-art fitness center, and a movie theater.
The complex has been referred to as the tallest tower in Brooklyn. According to City Realty, the building is 93 stories and 1,000 feet tall, soaring higher than even the Chrysler Building. Apartments in the complex also get stunning views of the historic Dime Savings Bank, which is located right below.
Despite apartments being offered for a lower rent than the market rate of luxury housing, it’s not within the standard price range of affordable housing units. Studios in The Brooklyn Tower are $2630, 1-bedrooms are $2811, and 2-bedrooms are $3360. Those who meet the income requirement, between $90,172-$187,330, can dare to dream big by applying.
Lottery winners also receive one month free with their initial lease, and only a $500 security deposit regardless of unit size. As rent prices skyrocket, a rent-free month can make a significant difference in your annual budget. Fingers crossed this standard will be implemented across other NYC residences.
“A tranquil interior experience is achieved through richly layered finishes and custom design elements such as hexagonal mosaic flooring, antique rubbed bronze detailing, and rich mahogany. All residences feature soaring ceiling heights, floor-to-ceiling windows, and European white oak flooring in an elegant honey stain,” shared City Realty.
Prospective renters can find the lottery application for The Brooklyn Tower here. It closes in approximately two months, so if you’re interested, make sure to get those applications in ASAP!
Other lotteries for apartments, both standard and luxury, are also available on the NYC Housing Connect.
Edit: An earlier version of this article incorrectly listed studio rent prices for The Brooklyn Tower as $2650 per month. It has since been updated to reflect the actual cost, $2630 per month.