Affordable Housing

Housing lottery offers 45 rent-stabilized apartments near Barclays Center

  • New Yorkers who earn $29,109 to $127,100 are eligible to apply
  • 505 State St. is part of a five-building, mixed-use development
Celia Young Headshot
By Celia Young  |
November 16, 2023 - 12:30PM
The 44-story tower at 505 State Street, as seen from the ground near Atlantic Avenue subway station.

The 44-story tower at 505 State St., as seen from near the entrance to the Atlantic Avenue subway station.

NYC Housing Connect

Housing lottery applications are open for 45 rent-stabilized apartments at a new development in Downtown Brooklyn near Barclays Center. New Yorkers who earn $29,109 to $127,100 are eligible to apply, depending on the size of the household. Rents start at $763 for a studio.

The building at 505 State St. has a gym, playroom, pool, party room, and terrace. It’s located near the Atlantic Terminal stop on the Long Island Rail Road and the Atlantic Avenue-Barclays Center subway station, with access to the 2, 3, 4, 5, B, D, N, Q, R, and W train lines. 

Built by Alloy Development, the 44-story tower holds 440 units and is part of a five-building, mixed-use project including office, retail, and school space. In total, the development will create 850 apartments.

The rent-stabilized apartments at 505 State St. are set aside for New Yorkers earning from 40 to 100 percent of the area median income (AMI)—a metric that depends on how many people you live with. Currently the AMI for New York City is $113,00 for a two-person household. The apartments available include studios as well as one-, two-, and three-bedroom apartments. 

There are 13 one-bedroom apartments available for households earning from $43,406 to $70,040. The rent for these apartments is $1,105. 

The developers have set aside 50 percent of the rent-stabilized apartments for applicants who already live in the area. Another 5 percent of the apartments will be preferentially given to NYC employees. A small percentage of the apartments are also set aside for residents with mobility, vision, and hearing needs. 

Applications must be submitted online or postmarked no later than Dec. 11th.

If you’re interested and think you might qualify for one of these apartments, you can create a profile and apply online via NYC Housing Connect. For details on this particular lottery, click here. Don’t apply more than once, or you could be disqualified.

The inside of one unit at 505 State Street, with windows overlooking Downtown Brooklyn.

The inside of one unit at 505 State Street, with windows overlooking Downtown Brooklyn.


NYC Housing Connect

Winning a rent-stabilized apartment can be life changing: Rent increases are capped and lease renewals are automatic, providing long-term stability for NYC renters. Need more information on how the housing lottery works? Check out “6 steps for applying to NYC's affordable housing lottery.”

For some advice from successful applicants read “How to land a rental apartment through NYC's affordable housing lottery.” And if you or someone you know is having trouble with the application process, consider reaching out to a housing ambassador in the community.

Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development or the Housing Development Corporation. If you are interested in applying to these or other affordable housing developments, please go to NYC Housing Connect for information and instructions.

Have you successfully won an apartment through the affordable housing lottery? If you have first-person advice to share about the process, we’d love to hear from you. Please send us an email. We respect all requests for anonymity.


Celia Young Headshot

Celia Young

Senior Writer

Celia Young is a senior writer at Brick Underground where she covers New York City residential real estate. She graduated from Brandeis University and previously covered local business at the Milwaukee Business Journal, entertainment at Madison Magazine, and commercial real estate at Commercial Observer. She currently resides in Brooklyn.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.