Rabsky Group Launches Housing Lottery for 325 Bond Street in Gowanus With 179 Units

• Rabsky Group launched a lottery for a 179-unit mixed-use project in Gowanus
• 153 units available through housing lottery across multiple AMI tiers
• Rents range from $903 to $3,821, targeting a wide income band

What this lottery means for Gowanus housing supply

The housing lottery at 325 Bond Street marks another step in the transformation of Gowanus into a high-density residential corridor. Developed by Rabsky Group, the nine-story project delivers 179 units, with a significant portion allocated to income-restricted housing. The scale and affordability mix reflect the broader rezoning push to increase housing supply in the neighborhood. Applications are open through June 8, signaling near-term lease-up activity in a submarket that continues to see strong development momentum.

What the affordability mix signals for developers

The project includes units across multiple income tiers, from 40 percent to 130 percent of the area median income. This wide range allows developers to capture diverse tenant demand while complying with affordability requirements tied to zoning incentives. Lower-tier units start below $1,000 per month, while higher-tier units exceed $3,800, creating a blended rent structure that supports both accessibility and revenue. For developers, this model highlights how mixed-income projects can balance returns with regulatory compliance.

What amenities and scale say about tenant demand

325 Bond Street includes a full amenity package, from a gym and yoga studios to a media room, playground, and concierge services. Units feature balconies, modern finishes, and integrated technology like virtual doorman systems. These offerings reflect rising expectations among renters, even within partially affordable buildings. The inclusion of parking, bike storage, and shared spaces also aligns with the needs of urban renters seeking convenience and lifestyle amenities.

What this means for Brooklyn investors and landlords

Gowanus continues to emerge as a key growth market in Brooklyn, driven by rezoning and large-scale residential projects like this one. For landlords, the influx of new supply introduces competition, particularly in the mid-market and affordable segments. However, it also signals long-term neighborhood growth and infrastructure investment. For investors, projects like 325 Bond Street demonstrate how developers are leveraging zoning incentives and financing structures to deliver high-density, mixed-income housing at scale.