Greenpoint New Rent Stabilized Apartments
Offering Two Months Free

If your combined household income is between $81,258 and $192,400, you could be eligible for a rent stabilized apartment and save up to $38K a year 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 protected rights to renew their lease. See FAQ for more information on rent increases.

LOTTERY HAS CLOSED

Overview

127 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.

Studios

From $2370

1 Bedroom

From $2542

2 Bedrooms

From $3063

3 Bedrooms

From $3530

Rental Community

TWO BLUE SLIP

At the heart of Greenpoint’s stylish waterfront, Two Blue Slip presents a new level of urban sophistication. Expect breathtaking views, high-end amenities, and impeccably designed spaces featuring impressive floor to ceiling windows, deckton cosentino countertops, and in-home Bosch washer/dryers.

Amenities Include:

  • Co-working space
  • Pool with Manhattan views
  • Pool bar
  • Amenity deck with cabanas and outdoor grilling stations
  • Resident’s lounge
  • Media room
  • Two-story fitness center with cycling room
  • Children’s playroom
  • 24/7 Concierge
  • Studio
    Rent $2,370
  • One-Bedroom
    Rent $2,542
  • Two-Bedroom
    Rent $3,063
  • Three-Bedroom
    Rent $3,530
Household Size Min. Income Max. Income
1 PERSON $81,258 $108,680
2 PERSON $81,258 $124,150
Household Size Min. Income Max. Income
1 PERSON $87,155 $108,680
2 PERSON $87,155 $124,150
3 PERSON $87,155 $139,620
Household Size Min. Income Max. Income
2 PERSON $105,018 $124,150
3 PERSON $105,018 $139,620
4 PERSON $105,018 $155,090
5 PERSON $105,018 $167,570
Household Size Min. Income Max. Income
3 PERSON $121,029 $139,620
4 PERSON $121,029 $155,090
5 PERSON $121,029 $167,570
6 PERSON $121,029 $179,920
7 PERSON $121,029 $192,400

1 Rent includes gas for cooking. Tenant is responsible for electric including electric heating.
2 Household size includes everyone who will live with you, including parents and children. Subject to occupancy criteria.
3 Household earnings includes salary, hourly wages, tips, Social Security, child support, and other income. Income guidelines subject to change.
4Minimum income listed may not apply to applicants with Section 8 or other qualifying rental subsidies. Asset limits also apply, up to $155,090.

  • Studio
    Rent $1,850
  • One-Bedroom
    Rent $2,295
  • Two-Bedroom
    Rent $2,775
  • Three-Bedroom
    Rent $3,200
Household SizeMin. IncomeMax. Income
1 person$63,429 $108,680
2 people $63,429$124,150
Household SizeMin. IncomeMax. Income
1 person$63,429 $108,680
2 people $63,429$124,150
Household SizeMin. IncomeMax. Income
1 person$63,429 $108,680
2 people $63,429$124,150
Household SizeMin. IncomeMax. Income
1 person$63,429 $108,680
2 people $63,429$124,150

1 Rent includes gas for cooking. Tenant is responsible for electric including electric heating.
2 Household size includes everyone who will live with you, including parents and children. Subject to occupancy criteria.
3 Household earnings includes salary, hourly wages, tips, Social Security, child support, and other income. Income guidelines subject to change.
4Minimum income listed may not apply to applicants with Section 8 or other qualifying rental subsidies. Asset limits also apply, up to $155,090.

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.

Contact

Fill out the form below if you have questions

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:
Two Blue Slip, Settlement Housing Fund, Inc
247 West 37th Street 19th Floor
New York, NY 10018

Who should apply?

Everyone who is within the income brackets.

  • If your household income and size are within the range on the chart we invite you to submit an application.
  • If your income is above the maximum, visit Two Blue Slip’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 large rent increases and have more housing security including the right to renew their lease. The NYC Rent Guidelines Board sets rent increases for rent stabilized lease renewals each year. The increases are modest and sometimes there is even a rent freeze, which means a 0% increase. For example, for lease renewals that began between October 1, 2019 and September 30, 2020, the rent increase for rent stabilized apartments was 1.5% for 1-year leases and 2.5% for 2-year leases. For lease renewals that begin between October 1, 2020 and September 30, 2021, the Rent Guidelines Board voted for a 0% increase for 1-year leases. The Rent Guidelines Board will vote again in June, 2021 for the next set of increases.

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

Yes. This is a new program offered through Mayor Bill de Blasio through NYC Housing Preservation and Development. Middle income families have also been priced out of the market, so this new program was developed to increase housing stability for middle income households. 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 the Greenpoint Middle Income Housing Program?

Saving on rent! The apartments at Two Blue Slip 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, for an additional monthly fee. Two Blue Slip has excellent amenities including an attended lobby with package storage, parking, fitness center, furnished indoor residents lounge, media room, quiet co-working space, rooftop terrace with grilling areas, pool with pool bar, storage, Latch keyless entry system, and a children’s playroom.

Are the apartments different from the market rate apartments?

The apartments available through the lottery are exactly the same as the market rate apartments. They come with the same finishes and amenities as the market rate apartments including hardwood floors, energy efficient stainless steel appliances, in-home washer/dryer, individual climate control and more.

How long does the process take?

Once the deadline date is reached and we begin processing the applications it can take anywhere from 2 – 10 months. Yes, that appears to be a long time but you have nothing to lose and a great apartment to gain if you’re selected.

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.