Welcome to Alloy Block's 505 State Street, where affordable housing meets sustainable living. An exciting opportunity has arisen for individuals and families seeking affordable housing in the vibrant neighborhood of Boerum Hill. The opening of the housing lottery for 505 State Street presents a chance to secure a studio, one-, two-, or three-bedroom apartment in this under-construction, all-electric skyscraper. With its commitment to energy efficiency and a greener lifestyle, Alloy Block is paving the way for a sustainable future. Don't miss your chance to be a part of this groundbreaking development!
A Green Oasis in Boerum Hill
Discover the sustainable features of Alloy Block's 505 State Street
505 State Street is not just an affordable housing development, but a testament to sustainable living. With its all-electric design and commitment to renewable energy, this skyscraper sets a new standard for eco-friendly urban living.
The building boasts energy-efficient appliances, including heat-pump dryers and induction cooktops, reducing the carbon footprint of its residents. The use of natural materials, such as concrete and wood, further enhances the building's eco-friendly appeal.
Alloy Block is also pursuing solar energy to ensure a complete renewable energy supply. In addition, the building provides ample space for over 500 bikes, promoting alternative modes of transportation and reducing reliance on cars.
Affordable Apartments for a Range of Incomes
Explore the income eligibility requirements for 505 State Street apartments
One of the key advantages of 505 State Street is its affordability. The housing lottery offers a range of apartments, including studios, one-, two-, and three-bedrooms, catering to a variety of household sizes.
The income eligibility requirements for these apartments are set at 40 to 100 percent of the Area Median Income (AMI). This means that individuals or families with incomes ranging from $29,109 to $127,100 per year may qualify for these income-restricted units.
With rents starting as low as $763 per month for studios and topping out at $1,105 per month for three-bedrooms, 505 State Street provides an opportunity for affordable housing in the heart of Boerum Hill.
Amenities for a Modern Lifestyle
Discover the array of amenities available at 505 State Street
505 State Street goes beyond just providing affordable housing. The building offers a wide range of amenities designed to enhance the residents' quality of life.
Residents can enjoy a rooftop pool, a fitness center, a screening room, and a rooftop living room with a full kitchen. There is also a workspace for those who work remotely or need a quiet place to study.
Additionally, the building allows pets with some restrictions, making it a welcoming home for furry friends. With these amenities, 505 State Street creates a vibrant community where residents can relax, socialize, and enjoy a modern lifestyle.
The Vision Behind Alloy Block
Learn about Alloy's commitment to sustainable and inclusive development
Alloy Block's 505 State Street is part of a larger vision for sustainable and inclusive development in Brooklyn. Alloy, a renowned developer known for its contextual residential projects, has taken on the challenge of creating a mixed-use development that meets the needs of the community.
The project, which was approved by the city in 2018, includes not only residential units but also office, community, and retail spaces, as well as two schools. The community's input has resulted in the two residential towers that make up Alloy Block.
By choosing the Mandatory Inclusionary Housing program, Alloy Block is committed to providing a percentage of permanently affordable apartments. This ensures that the development remains inclusive and accessible to a diverse range of residents.
Conclusion
505 State Street in Boerum Hill offers a unique opportunity for individuals and families seeking affordable housing in a sustainable and vibrant community. With its commitment to energy efficiency, a range of apartment sizes, and an array of modern amenities, Alloy Block has created a development that prioritizes both affordability and quality of life.
By combining sustainable design, inclusive development, and a vision for a greener future, Alloy Block sets a new standard for urban living. Don't miss your chance to be a part of this groundbreaking project and secure your affordable apartment at 505 State Street.