The Real Deal New York

Below-market rent at Domino Sugar Factory starts at $553

Housing lottery process for the project is slated to start in late 2016

October 08, 2014 11:00AM

Rendering of Domino Sugar factory redevelopment

Rendering of Domino Sugar factory redevelopment

When the first 100 or so affordable units at Two Trees Management’s Domino Sugar Factory development come available in 2017, pricing will start at $553 per month for a studio.

Construction on Site E — on Kent Avenue between South Third and South Fourth streets — of the project is scheduled to start this year, according to DNAinfo. The first building will have 500 units, 105 of which will be below market.

The housing lottery process for the project, which will ultimately have a total of 700 affordable units, is slated to start in late 2016. Those who make 40 or 50 percent of the area’s median income — from $20,109 to $24,080 or from $25,564 to $30,100 — qualify for a studio in the building, DNA reported.

Affordable one-bedroom units will be between $595 and $765, affordable two-bedroom apartments are priced from $723 to $916. [DNAinfo] — Claire Moses

  • NYCGeniuses

    So 100 lucky people win a cheap apartment? What exactly does this do for everyone else, besides making politicians feel good about themselves? Liberal policies at its absolute worst.

  • Jon

    What a joke! They got Community Board UNANIMOUS Approval for only 10% affordable housing while other projects are being publicly harangued and attacked with 20% and more affordable housing. All these housing, tenant, and affordable advocates are bought and paid for by union labor . Ask about Saturday work permits? Wonder why only union projects tend to get these permits? This is not about affordable housing, it is about organized labor. Thank your puppet politicians, housing “advocates” and politically appointed “community” board members. The Taxpayer, is subsidizing the project with tax incentives, the inflated costs of organized labor, and the affordable housing, that is why real middle class tax payers are drowning in THEIR debt!

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