About This Property
Oceangate contains 542 low-income rental units in Brooklyn, New York, serving families across a range of unit sizes including studios, one-, two-, three-, and four-bedroom apartments. The property has been in service since 2008 and is funded through tax-exempt bonds and 4% Low-Income Housing Tax Credits. The unit mix comprises 45 studios, 225 one-bedroom, 190 two-bedroom, 52 three-bedroom, and 30 four-bedroom units.
Property Details
Fair Market Rent - Kings County, NY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $2,386 |
| 1 Bedroom | $2,451 |
| 2 Bedroom | $2,752 |
| 3 Bedroom | $3,434 |
| 4 Bedroom | $3,700 |
Income Limits - Kings County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $25,100
- Very Low (50%)
- $41,800
- Low (80%)
- $66,850
- Extremely Low (30%)
- $28,650
- Very Low (50%)
- $47,750
- Low (80%)
- $76,400
- Extremely Low (30%)
- $32,250
- Very Low (50%)
- $53,700
- Low (80%)
- $85,950
- Extremely Low (30%)
- $35,800
- Very Low (50%)
- $59,650
- Low (80%)
- $95,450
- Extremely Low (30%)
- $38,700
- Very Low (50%)
- $64,450
- Low (80%)
- $103,100
- Extremely Low (30%)
- $41,550
- Very Low (50%)
- $69,200
- Low (80%)
- $110,750
- Extremely Low (30%)
- $44,400
- Very Low (50%)
- $74,000
- Low (80%)
- $118,400
- Extremely Low (30%)
- $47,300
- Very Low (50%)
- $78,750
- Low (80%)
- $126,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $25,100 | $41,800 | $66,850 |
| 2 Persons | $28,650 | $47,750 | $76,400 |
| 3 Persons | $32,250 | $53,700 | $85,950 |
| 4 Persons | $35,800 | $59,650 | $95,450 |
| 5 Persons | $38,700 | $64,450 | $103,100 |
| 6 Persons | $41,550 | $69,200 | $110,750 |
| 7 Persons | $44,400 | $74,000 | $118,400 |
| 8 Persons | $47,300 | $78,750 | $126,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Brooklyn, NY?+
The Fair Market Rent (FMR) for Kings County, NY is: $2386 (Studio), $2451 (1BR), $2752 (2BR), $3434 (3BR), $3700 (4BR). Actual rent at subsidized properties like Oceangate is typically 30% of household income or less.
What size apartments are available at Oceangate?+
Oceangate offers the following unit types: 45 Studio, 225 One-Bedroom, 190 Two-Bedroom, 52 Three-Bedroom, 30 Four-Bedroom units, for a total of 542 units.
What are the income limits for affordable housing in Kings County, NY?+
For a 4-person household in Kings County, NY, the income limits are: Extremely Low Income (30% AMI): $35,800, Very Low Income (50% AMI): $59,650, Low Income (80% AMI): $95,450. These limits are set by HUD and updated annually.
How do I apply for housing at Oceangate?+
Oceangate is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Brooklyn, NY?+
Based on Fair Market Rent for Kings County, the estimated price range is: 1-bedroom: $2451, 2-bedroom: $2752, 3-bedroom: $3434. Actual rent at Oceangate may be lower for income-eligible households.
Who is eligible to live at Oceangate?+
Oceangate primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Oceangate?+
Oceangate is managed by . You can reach them at . Visit their website for more information.
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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