ASH NYC Launches Greenpoint Lottery at 170 Freeman Street With Rents From $1,793

• ASH NYC is offering 21 affordable units at a 67-unit mixed-use project in Greenpoint
• Rents range from $1,793 to $4,376 across 70 to 130 percent AMI tiers
• Applications are open through June 15, 2026, via NYC Housing Connect

What the lottery means for Greenpoint housing supply

The affordable housing lottery is now live at 170 Freeman Street, an eight-story mixed-use development in Greenpoint, Brooklyn. Developed by ASH NYC, the project delivers 67 total units, with 21 set aside under the city’s housing program. This type of project reflects how developers are continuing to integrate affordable units into market-rate buildings in high-demand neighborhoods. Greenpoint remains one of Brooklyn’s strongest rental markets, making this a strategic location for mixed-income housing.

What the pricing structure means for renters

The lottery covers a wide income range from 70 to 130 percent of the area's median income. Monthly rents start at $1,793 for studios and go up to $4,376 for two-bedroom units at the highest income band. This spread shows how developers like ASH NYC are balancing affordability requirements with revenue goals. Higher AMI units allow projects to push closer to market rents while still qualifying under housing programs. Tenants will be responsible for electricity, including heat and cooking, which is standard for newer developments.

What the amenities say about asset positioning

The building is designed to compete with the market-rate product. Amenities include a gym, spa, rooftop terrace, business center, and a dog washing station. Additional features like EV charging, package lockers, and a virtual doorman reflect current renter expectations. Units include washers and dryers, air conditioning, and modern finishes. This positions ASH NYC’s project as a full-service rental asset rather than a traditional affordable housing building.

What this means for landlords and developers

For landlords, this project highlights the continued evolution of affordable housing. New developments are no longer stripping down amenities. Instead, they are delivering full amenity packages while layering in income-restricted units. For developers, the model shows that mixed-income projects can still achieve strong positioning in competitive neighborhoods like Greenpoint. Access to programs like NYC Housing Connect helps drive absorption while maintaining pricing flexibility.

What to watch before the deadline

Applications are due by June 15, 2026, and demand is expected to be high given the location and product quality. For investors, the takeaway is clear. Well-located mixed-use developments with tiered rent structures continue to attract renters and support long-term asset performance.