Rents under $800 in Brooklyn are not quite urban legend yet. A new affordable-housing lottery at 2700 Atlantic Avenue in East New York is advertising one-bedroom apartments starting at $761 per month and two-bedrooms at $833, in a building a short walk from the Broadway Junction transit hub. Dozens of units in the property are reserved for income-qualified New Yorkers.
The marketing materials list 52 affordable apartments across several income tiers, including nine one-bedrooms at $761 and six two-bedrooms at $833, with eligibility varying by household size, according to Reside New York. For the lowest-priced one-bedroom tier, that page shows an income range of roughly $31,132 to $45,360 for a single applicant, with higher bands for larger households and for market-rate units in the same building. Even with the limited supply, the number of below-market units stands out in a borough where typical asking rents for similar apartments are far higher.
What the building includes
The property’s amenities are not bare-bones. The listing and local coverage describe patios or balconies, bike-storage lockers, a virtual doorman and gated access, features that are not common at this price point, as reported by PIX11. PIX11 also notes that the lottery is available through NYC Housing Connect and that applications are open until May 26, 2026.
Developer and neighborhood context
The project, on the southeast corner of Atlantic Avenue and Vermont Street, was proposed as a mixed-use development of more than 200 units and has since been built to that general scale. Reporting on permits and later refinancing activity links the site to developer Joel Schwartz and a complex in roughly the 227 to 233 unit range, according to The Real Deal and subsequent coverage of the financing. That size tracks with the wave of post-rezoning projects along Atlantic Avenue, and the inclusion of lottery units reflects city requirements for many larger developments that seek zoning or subsidy benefits.
How to apply
New Yorkers interested in the apartments must apply through NYC Housing Connect, the city’s centralized portal for income-restricted rentals. The NYC Department of Housing Preservation and Development outlines the required paperwork and step-by-step process, including common requests such as pay stubs and tax returns, in its application guides at HPD. The project’s marketing page also lists unit counts and contact information for the listing agent for anyone seeking more details about the building.
Applicants should keep the Housing Connect deadline of May 26, 2026 in mind and review both the listing and HPD’s instructions before submitting documents. Selection is handled by lottery, and those who are contacted will still need to clear an eligibility screening based on income and household details.
