Atlantic Chestnut Phase 2 is now accepting applications for 369 brand-new affordable housing units in East New York, located at 254 Euclid Avenue, Brooklyn, NY 11208. This marks the second phase of a major multi-building development in Brooklyn Community Board 5, offering high-quality, amenity-rich apartments for individuals and families at a range of income levels.

NOTE: The deadline to apply is May 19, 2025.

Modern Apartments and Amenities

All units at Atlantic Chestnut Phase 2 feature brand-new appliances, including dishwashers, built-in microwaves, and in-unit air conditioning. Residents will have access to an impressive array of amenities, including:

• A landscaped courtyard

• A rooftop terrace above the eighth floor featuring gardening beds, natural habitats, and sweeping views

• A 24/7 attended lobby

• Package lockers

• Children’s playroom

• Gymnasium

• Shared laundry facilities

• Bicycle storage

• Party room

• Elevator access

Transportation and Neighborhood Features

The development is conveniently located near the B13 bus line, providing direct access to Gateway Center’s wide variety of shopping options. The surrounding East New York neighborhood also offers a robust retail corridor filled with small neighborhood stores. Additionally, future phases of the development will include an on-site grocery store, further enhancing residents’ access to daily essentials.

Affordable Housing Program Details

Atlantic Chestnut Phase 2 is part of the Extremely Low & Low-Income Affordability (ELLA) Program through the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation and Development (HPD). It also participates in HPD’s Mandatory Inclusionary Housing (MIH) program.

There are no deposits or application fees required to apply.
More information and application details are available at: phippsny.org/housingapps/atlantic-chestnut-phase2-apartments

Special Preferences and Set-Asides

• A percentage of units are reserved for individuals with mobility, vision, or hearing impairments.

• Preference for a percentage of units will be given to:

  • Residents of Brooklyn Community Board 5

  • Employees of the City of New York

Available Apartments, Rent, and Income Requirements

A range of studio, one-bedroom, two-bedroom, and three-bedroom apartments are available across different Area Median Income (AMI) bands. Here are the key details:

30% AMI Units

• Studios: $454/month. Household income from $19,372 to $37,290.

• 1 Bedrooms: $577/month. Household income from $24,138 to $41,940.

• 2 Bedrooms: $680/month. Household income from $29,143 to $50,310.

• 3 Bedrooms: $774/month. Household income from $33,806 to $57,780.

50% AMI Units

• Studios: $855/month. Household income from $33,120 to $62,150.

• 1 Bedrooms: $1,078/month. Household income from $41,315 to $69,900.

• 2 Bedrooms: $1,281/month. Household income from $49,749 to $83,850.

• 3 Bedrooms: $1,468/month. Household income from $57,600 to $96,300.

60% AMI Units

• Studios: $1,243/month. Household income from $46,423 to $74,580.

• 1 Bedrooms: $1,563/month. Household income from $57,943 to $83,880.

• 2 Bedrooms: $1,864/month. Household income from $69,738 to $100,620.

• 3 Bedrooms: $2,142/month. Household income from $80,709 to $115,560.

80% AMI Units

• Studios: $1,709/month. Household income from $62,400 to $99,440.

• 1 Bedrooms: $2,145/month. Household income from $77,898 to $111,840.

• 2 Bedrooms: $2,563/month. Household income from $93,703 to $134,160.

• 3 Bedrooms: $2,949/month. Household income from $108,378 to $154,080.

90% AMI Units

• Studios: $1,516/month. Household income from $55,783 to $111,870.

• 1 Bedrooms: $1,904/month. Household income from $69,635 to $125,820.

• 2 Bedrooms: $2,272/month. Household income from $83,726 to $150,930.

• 3 Bedrooms: $2,613/month. Household income from $96,858 to $173,340.

How to Apply

Interested applicants must submit their applications by May 19, 2025.
Applications and more detailed information are available at phippsny.org/housingapps/atlantic-chestnut-phase2-apartments.

This is a rare opportunity to live in a brand-new development with top-tier amenities at affordable rates. Qualified applicants are encouraged to apply early.