Eagle + West Rent-Stabilized Lottery

Perched above the waters of North Brooklyn at the corner of Eagle and West two new buildings lend drama and warmth as they enhance the inviting community folded into the historic waterfront Greenpoint neighborhood. A 30-story tower with a striking, diagonal-cut design is complemented by a gracious 7-story traditional building.

If your combined household income is between $51,840 and $206,875, you could be eligible for a rent-stabilized apartment and limit rent increases (aka more money for you!) on a new luxury apartment in Greenpoint along the Brooklyn waterfront.

Rent stabilized tenants are protected from market rate rent increases and have more housing security, including protecting rights to renew their lease. See FAQ for more information on rent increases.

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Overview

Households will be selected through a lottery to lease rent stabilized units that are rent restricted. The lottery is run in cooperation with Brookfield Properties, the NYC Department of Housing Preservation and Development, and the non-profit Settlement Housing Fund, Inc.

Immediate savings

  • Studios $1,437
  • 1 Bedroom $1,542
  • 2 Bedrooms $1,862
  • 3 Bedrooms $2,143

Savings over Time

In addition to units being priced well below market rent, your rent is guaranteed to be stabilized over your entire lease. This means that the longer you stay, the more savings you recognize! Some years, stabilized rents do not increase at all.

Communities with Rent-Stabilized Apartments

The bellslip

Soaring 30 stories above the water, The Bellslip’s residences offer ground-level retail and a private, landscaped garden. Oversized casement windows flood the interiors with light and invoke the industrial style language of historic Greenpoint's factories and warehouses.

LOTTERY CLOSED

EAGLE+WEST
27 Eagle Street

Perched above the waters of North Brooklyn at the corner of Eagle and West sits a 30-story tower with a striking, diagonal-cut design. Waterfront views, parkside life, elevated courtyards, and effortless terraces flank essential amenity spaces, creating an inviting community folded into the charming Greenpoint neighborhood.

Enter Lottery

View Income Eligibility Chart

One Blue Slip

From a fitness center to oversized windows and designer kitchens, home at One Blue Slip is more than just an apartment, it’s a lifestyle. From sunny days on the waterfront to evenings exploring all Greenpoint has to offer, here you can truly have it all.

LOTTERY CLOSED

FAQ

How do I apply?

You can apply in one of two ways.
1. Apply Online:
Application links will be available for the property when the lottery opens. Submit your information above and we’ll notify you when the lottery opens.

2. Request a paper application by mail. Send a self-addressed envelope to:
Eagle + West, Settlement Housing Fund, Inc
247 West 37th Street 19th Floor
New York, NY 10018

Who should apply?

Everyone who is within the income brackets.

  • Learn How
  • If your income is above the maximum, visit Eagle + West’s market rate availability.
  • If your income is below the minimum, take a look at NYC Housing Connect to see what housing opportunities you are eligible for.
WHY ARE RENT STABILIZED APARTMENTS SO COVETED?

Rent stabilized tenants are protected from market-rate rent increases and have more housing security including the right to renew their lease. Landlords must provide 1-year and 2-year lease term options. The NYC Rent Guidelines Board annually sets rent increases for rent stabilized lease renewals. In recent years, 1-year renewals ranged from NO INCREASE to 1.5%, and 2-year renewals hovered around 2%. Effective October 1, 2022, the 1-year renewal rate is 3.25% and the 2-year renewal rate is 5%. The Rent Guidelines Board votes again in June 2023.

My partner and I make six figures. Can we really qualify for one of these apartments?

Yes. This is a new program offered through NYC Housing Preservation and Development. As long as your combined income is within the income range and matching household size stated in the Affordability chart then you have the possibility to qualify. The common rule of thumb is for housing to be affordable, households should spend no more than one-third of their income on rent and utilities. Check out this helpful guide on how to calculate your household income.

What is a household?

A household is everyone who will be living with you in the apartment. If you’re not related (immediate or extended family members), to qualify as a household, the applicants have to show that they are financially interdependent, as indicated by current leases or utility records demonstrating a shared address, or documentation, such as bank accounts that show shared assets.

What are the benefits of Greenpoint Landing Housing Programs?

Saving on rent! The apartments have preset, reduced rents that can save you between $16k-$78k on rent depending on unit size every year. In addition to the savings, your apartment will also be rent stabilized, which means that your rent can only increase by a modest amount each year determined by the Rent Guidelines Board.

CAN I TOUR AN APARTMENT?

Contact us to learn more.

Will I have access to all building amenities?

Absolutely! At 227 Eagle Street every day is enhanced by the Latch smart access system for keyless entry among other building features. For an additional monthly fee, dive into luxurious amenities including the outdoor pool, indoor hot tub, children’s playroom, resident lounge, show kitchen, media room, or state-of-the-art gym with yoga/cycle studios. 27 Eagle Street offers complimentary amenities including a state-of-the-art gym and spacious rooms for hosting your next event. Both buildings are pet-friendly.

How long does the process take?

Once we contact you to process your application, the process is around 6 – 8 weeks. We expect first move-ins during fall 2022.

How soon can I move in?

Once you have been contacted, provide the requested documents, appear to be eligible and HPD approves your file, you can sign a lease and move in. The apartments are ready!

How do I calculate my income?

Check out this handy guide that breaks down exactly how to calculate your income.

What happens if I make more money after I move in? Will my rent go up or will I have to leave my apartment?

You can stay in your apartment as long as you wish, provided you abide by the terms of your lease. There are no annual income recertifications, so you only need to qualify for the apartment once. Also, your rent will not be increased based on your income, only based on what the Rent Guidelines Board determines each year.

What documents will I need if I’m selected?

Click here for a complete list of documents.

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