A Plus 1 Management launches housing lottery at 2404 Cortelyou Road in Brooklyn

• A Plus 1 Management Inc. is behind a 24 unit residential project
• Eight units available through NYC housing lottery at 130% AMI
• Rents range from $2,700 to $3,100 per month

What the lottery means for Flatbush housing supply

A housing lottery has launched for 2404 Cortelyou Road, introducing new residential units in Brooklyn’s Flatbush neighborhood. The project adds a mix of market-rate and income restricted housing, contributing to the area’s ongoing residential growth. The availability of units through the city’s lottery system reflects continued efforts to provide housing options at different income levels.

What the building and amenities say about positioning

What pricing and income levels mean for renters

The lottery units are targeted at households earning up to 130 percent of area median income. One bedroom units are priced at $2,700, while two-bedroom units reach $3,100, reflecting Brooklyn’s rising rental market. Applicants must meet income requirements and apply through NYC Housing Connect by the stated deadline.

What this signals for New York housing development

Projects like this highlight the continued integration of affordable housing components within smaller scale developments. Even modest sized buildings are contributing to the city’s broader housing strategy. For investors, this reinforces that mixed income residential projects remain a key part of New York’s housing pipeline