At "supertall" Brooklyn Tower, "luxury" "affordable" units for middle-income households at 130% of AMI will rent for $2,630, $2,811, and $3,360

From Brooklyn Tower

So, the supertall will have "affordable housing," sort of, for middle-income households earning up to 130% of Area Median Income (AMI), which likely means six figures.

"The Brooklyn Tower is the most anticipated lottery of the year," the web site states. "Apply now for full-service, luxury rental apartments."

Actually, the lottery hasn't yet launched via the city's Housing Connect portal, but the developers have already disclosed the anticipated rents:

• studio: $2,630
• 1-BR: $2,811
• 2-BR: $3,360

"Enjoy high-end condominium finishes and first-class amenities, all at a lower rent than a comparable market-rate apartment," the web site states. "The Brooklyn Tower rent is rent-stabilized, guaranteeing optimal renewals."

From HPD

They haven't yet announced the rents for the market-rate units. (There are condos, too.)

Note that even the seemingly hefty "affordable" rents are below the maximum levels allowable, which under elevated 2022 guidelines could mean studios for $3,035, 1-BRs for $3,253, and 2-BRs for $3,903.

Betraying some wariness about getting takers, the developers are offering a discount, one month free on the first lease term (a year? two?), and just a $500 deposit, no matter the unit size, which is significantly less than a month's rent.

From Brooklyn Tower

The units boast Miele kitchen appliances, Bosch dishwasher and washer/dryer, floor-to-ceiling windows, European White Oak flooring in a custom mahogany stain, Absolute Black Granite countertops, and Bianco Venato Porcelain bath tiles.

Some other comparisons

We are awaiting the housing lottery for the two-tower 595 Dean complex in Atlantic Yards/Pacific Park. I predicted that TF Cornerstone, recognizing reality, will offer a discount, perhaps even off 2021 guidelines, as did Plank Road (B15, 662 Pacific) and Brooklyn Crossing (B4, 18 Sixth):

• studio: Brooklyn Crossing: $1,905, Plank Road: $1,547; allowable: $2,263
• 1-BR: Brooklyn Crossing, $2,390; Plank Road: $2,273; allowable: $2,838
• 2-BR: Brooklyn Crossing, $3,344; Plank Road: $3,219; allowable: $3,397

Also note The Willoughby in Downtown Brooklyn, which last year was seeking $2,253 for studios, $2,700 for 1-BRs, and $3,235 for 2-BRs.

Given the example of the Brooklyn Tower, it's likely that TF Cornerstone has already set the rent levels for 595 Dean, even if the lottery hasn't launched.

2022 income caps

From HPD