Mayor Bill de Blasio announced on Monday the opening of 535 Carlton Ave, bringing affordable housing to Pacific Park in Prospect Heights. The affordable 298 units, which are part of the Pacific Park development, are reserved for New Yorkers with household incomes of between $20,100 for an individual and $149,000 for a family of three, with preference given to municipal employees and those with vision, hearing or mobility disabilities.
The addition of hundreds of critically-needed affordable housing units at 535 Carlton is welcome news for Brooklyn,” Brooklyn Borough President Eric Adams said.
The new building is part of a commitment Greenland Forest City Partners made with Governor Cuomo, Mayor de Blasio and local community groups in June 2014 to build 2,250 affordable apartments by 2025. Currently, there are 479 units of below market-rate housing at Pacific Park; another 303 will become available this summer.
Pacific Park Brooklyn is a state-regulated development governed by the Empire State Development (ESD) board of directors. The New York City Housing Development Corporation (NYCHDC) is providing a $73 million tax-exempt first mortgage for the building and $11.75 million in subsidy financing.
“The opening of 535 Carlton will provide desperately-needed units of affordable housing for hundreds of people in Prospect Heights, a neighborhood where rent prices continue to increase beyond the means of families who have lived there for generations,” Congresswoman Yvette D. Clarke said.
When complete, Pacific Park Brooklyn will include a total of 6,430 housing units of which 2,250 will be affordable rental units. It will also contain 247,000 square feet of retail space and up to 1.6 million square feet of office space. The 18-story, 298-unit building will feature amenities such as a fitness center, yoga studio, game room, children’s playroom, landscaped rooftop and outdoor terrace.