In a rental market where “affordable” often feels like a punchline, a new waitlist at Caton Flats is quietly offering some of the lowest prices in central Brooklyn. The 14-story mixed-income building, sitting at the edge of Brooklyn’s Little Caribbean and within walking distance of Prospect Park, has opened a housing lottery-style waitlist with apartments starting at $596 per month for qualifying tenants.
The apartments are being offered through a city-style housing lottery process, with organizers emphasizing that the units are reserved for eligible residents who meet specific income requirements.
As reported by PIX11, the open waitlist for Caton Flats LLC includes studios up to three-bedroom units. The outlet notes that the lowest affordability tier lists monthly rents from $596 to $1,069. Gas service is included in the rent, while tenants are responsible for electricity. Interested applicants can request an application by calling (646) 831-1384 or emailing [email protected], and the waitlist is open to households of one to seven people across several AMI-based tiers.
Building and neighborhood context
Caton Flats rose on the former site of the Flatbush Caton Market and now houses the relaunched Flatbush Central Caribbean Marketplace alongside its residential floors. The 14-story development includes about 255 mixed-income apartments and amenities such as a rooftop terrace, lounge, gym and shared laundry, according to a case study by the ULI Terwilliger Center for Housing. The project was designed to add new housing while keeping long-standing neighborhood vendors and community space in the mix.
Who can apply
As detailed by LatiNation, the Caton Flats waitlist accepts households of one to seven people, with rent levels pegged to income brackets that shift depending on household size.
The outlet’s breakdown shows three main tiers: a lowest tier with rents of roughly $596 to $1,069 per month for households with annual incomes of about $23,726 to $84,160; a middle tier at roughly $963 to $1,665 (incomes of $36,309 to $126,240); and a higher tier running about $1,545 to $2,830 (incomes of $56,263 to $231,440). Prospective tenants are urged to double-check the specific income cutoffs that apply to their household before submitting an application.
Why it matters
The Caton Flats project was delivered with city support and set up to preserve the neighborhood market while adding permanently restricted housing in Flatbush, an approach described by the New York City Housing Development Corporation during the project’s rollout. Per the NYC HDC, the development combines apartments with commercial and community spaces meant to bolster local businesses and civic uses.
For many nearby residents, the opening of this waitlist stands out as one of the few recent chances to secure deeply discounted housing in central Brooklyn, especially so close to Prospect Park.
Interested New Yorkers are advised to contact building management for an application and for details on deadlines and required documentation. The waitlist is open only for a limited period, so anyone who may qualify is being urged to reach out quickly.
