Monday, December 28, 2009

Housing Opportunity

From Pratt

If you haven't yet applied for the Atlantic Terrace, keep in mind that applications must be postmarked no later than
January, 6, 2010! Don't miss out on this opportunity, apply today!

Fifth Avenue Committee (FAC) is developing an 80-unit, mixed income, affordable cooperative in Fort Greene at South Oxford Street at the corner of Atlantic Avenue in partnership with NYC HDC and NYC HPD.

In marketing the co-op, preference will be given first to New York City residents and then to New York State residents. In addition, preference will be given to residents of Community Board 2 (for 50% of the units), eligible municipal employees of the City of New York (for 5% of the units), households that include persons with mobility impairment (for 5% of the units), and households that include persons with a visual/and or hearing impairment (for 2% of the units). Atlantic Terrace will target households with incomes between $35,194/year to $115,830/year (please see income guidelines below).

This contemporary 10-story building features sustainable materials, highly energy efficient heating and air conditioning, and abundant natural light as part of an overall environmentally-conscious design. Many materials used in construction were made right here in Brooklyn, hence, lowering the carbon footprint of the development. The co-op is a great opportunity for neighborhood residents, especially at a time that real estate prices are beyond most Brooklynites' reach. See chart below for estimated sales prices, number of bedrooms, household size, and income ranges.

Check out the Atlantic Terrace web site to get more info including amenities and floor plans
and to obtain an application of interest:


in person:
at Fifth Avenue Committee's office
621 Degraw Street in Park Slope Brooklyn, 11217

by mail:
send a business sized self addressed stamped envelope to Fifth Avenue Committee's office.

or in person @ PACC's offices:
1224 Bedford Avenue | 201 Dekalb Avenue | 900 Fulton Street

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