Lottery opens for 90 mixed-income apartments at first Gowanus rezoning project, from $784/month

A housing lottery launched this week for 90 mixed-income apartments at the first residential project developed under the Gowanus rezoning. The two-tower rental at 420 Carroll Street includes 360 apartments, 25 percent of which are priced below market rate, commercial space, and a new public promenade along the Gowanus Canal. New Yorkers earning 40, 60, 100, and 130 percent of the area median income can apply for the units, priced from $784/month for studios to $3,298/month for three bedrooms.

The project at 420 Carroll is the first project developed after the Gowanus rezoning, which was approved by the city in 2021. The rezoning covers an 82-block area surrounding the canal and should create roughly 8,500 apartments in the neighborhood, including 3,000 affordable units, as well as new parkland and four acres of open waterfront space.

Developed by Domain Companies and VOREA Group, the development consists of a 21-story tower and a 16-story tower connected by an underground tunnel.

Designed by FXCollaborative with interiors by Alan Mainer Studio, the building features a distinctive geometric metal panel facade and includes 27,000 square feet of commercial space. Move-ins are expected this fall.

Market-rate rentals in the buildings are currently priced at $3,704/month for studios to $9,200/month for three bedrooms, according to CityRealty.

Apartments feature open floor plans, plank wood flooring, custom kitchens with a paneled fridge and dishwasher, high-end countertops and finishes, and Bosch washers and dryers. Select units come with walk-in closets and private terraces.

Residents of both towers can access an expansive amenities suite through the underground tunnel, 14,000-square-feet of co-working and art studio space, a lobby lounge, library, multiple outdoor greenhouses, a fitness center, a children’s playroom, bike storage, and a garage with covered parking.

The building uses a variety of sustainability features, including Wi-Fi-enabled induction stoves, a “variable refrigerant flow system” for heating and cooling that allows residents to control temperatures in different areas of their homes with digital thermostats, and electric vehicle charging stations. Both towers are on track to achieve LEED Gold or Platinum certification.

“As the first development borne from the Gowanus Neighborhood Rezoning to launch an affordable housing lottery, this milestone at 420 Carroll represents an important stride for the development of the neighborhood,” Matt Schwartz, co-CEO of the Domain Companies, said.

“With all the apartments at 420 Carroll inspired by the character of Gowanus, we are excited to offer affordable homes equipped with state-of-the-art amenities and sustainable design features to the community. We are grateful to be a part of this era of growth in Gowanus and look forward to seeing our vibrant residential community grow as a result of the lottery.” 

Nearby public transit options include the F, G, D, N, R, and Q subway lines and the B37 bus.

Qualifying New Yorkers can apply for the apartments until October 28, 2024. Complete details on how to apply are available here. Preference for 20 percent of the units will be given to residents of Brooklyn Community District 6.

Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

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