New Windsor Terrace rental opens lottery for 95 units next to Prospect Park, from $874/month

Steps from Prospect Park, a new rental building in Windsor Terrace is accepting applications for 95 affordable apartments. Located on the southwest side of the park, the 13-story mixed-use building at 11 Ocean Parkway, called 1 Park Point, has 375 rental units with thoughtful layouts, a suite of luxury amenities, and a prime location right next to Prospect Park. New Yorkers earning 40, 60, and 100 percent of the area median income, or between $33,806 for a single person and $152,500 for a household of five, can apply for the apartments, which range from $874/month for one-bedrooms to $2,832/month for two-bedrooms.

Developed by JEMB Realty and designed by FXCollaborative, the building spans 395,726 square feet and contains 5,388 square feet of retail space, 18,850 square feet of community space, and 106 enclosed parking spaces, according to Yimby.

With interior design by INC Architecture and Design, residences feature efficient layouts that maximize natural light. Apartments also have in-unit washers and dryers, dishwashers, hardwood floors, and high-end countertops and finishes.

Amenities include a central courtyard, a rooftop terrace, multiple lounges, a community space, a children’s playroom, a state-of-the-art gymnasium, a game room, and a bike room.

The building is situated on Machete Circle at the southwest corner of Prospect Park, giving residents easy access to acres of public green space.

1 Park Point is the first building constructed to achieve LEED status in the neighborhood and features a mechanical system that integrates compact console heating and cooling equipment into the facade, allowing for greater efficiency than standard through-wall configurations, according to Yimby. This system doesn’t require space for outdoor units or elaborate copper refrigerant piping.

The site previously housed a school and a church, both of which were demolished before construction. The church, called Parkside Chapel, will have a new home inside the building, according to STO Building Group.

Nearby public transit options include the F, G, and Q subway lines, and the B68 bus.

Qualifying New Yorkers can apply for the apartments until June 4, 2024. Complete details on how to apply are available here. Preference for 50 percent of the units will be given to residents of Brooklyn Community District 7. Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

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