Construction Start

June 2007

Occupancy Date

January 2009 (anticipated)

Number of Units

150 Apartments
Studios, 1, 2 and 3 Bedrooms

Building Size

156,000 Square Feet Residential Space
6,000 Square-Foot Day Care Center
7 Floors

Development Cost

$39.6 Million

Capital Financing

NYC Housing Development Corporation

NYS DHCR State Low Income Housing Credits

NYC HPD Loan

JPMorgan Chase

Richman Housing Resources, LLC

Nonprofit Partner

NY ACORN Housing Company, Inc

Social Service Provicer

Brooklyn Bureau of Community Service

Architect

SLCE Architects

Contractor

HLS Builders Corp.

Atlantic Avenue Apartments will bring a long-abandoned, block-long patch of vacant land back to life with an attractive new building designed to meet the affordable housing needs of a rapidly-gentrifying Bedford-Stuyvesant neighborhood. The 150 units of housing will serve four separate income tiers, all for households earning less than 80% of the area median income. Twelve units will be set aside for adults with developmental disabilities. The Brooklyn Bureau of Community Service, a century-old local non-profit, will provide on-site services and operate a portion of the first floor as a child care center to accommodate the area’s growing need for affordable day care. 

Rendering

Site Plan

Typical Floor Plan

Typical Two Bedroom Unit

Site Before Construction