Deals & development · 10/17/2026
Bed-Stuy Lottery Opens for Rent-Stabilized Apartments From $1,819
A lottery is open for 65 rent-stabilized apartments at The Milano, 1832 Fulton St. in Bedford-Stuyvesant. Units are for households earning 70% to 130% of area median income, with one-bedrooms at $2,240 a month. Preferences include 20% for local residents, 10% for city employees and veterans, and 5% for applicants with mobility, vision or hearing needs.
Reported by BK ReaderRead the original ↗
What happened
A housing lottery has opened for 65 rent-stabilized apartments at 1832 Fulton St. in Bedford-Stuyvesant, Brooklyn. BK Reader reported the lottery on Oct. 17, 2026, citing Brick Underground. The building, called The Milano, is an 11-story mixed-use development with studios and one-, two- and three-bedroom apartments.
The units are set aside for households earning between 70 percent and 130 percent of the area median income. Depending on household size, that means annual incomes between $68,126 and $198,510. Studios start at $1,819 a month. There are 23 one-bedroom units at $2,240 a month for households earning between $83,383 and $122,160.
Some apartments are reserved for preference groups. 20 percent go to applicants who already live in the surrounding area. 10 percent go to eligible New York City employees and veterans. 5 percent go to applicants with mobility, vision or hearing needs.
Applications must be submitted online through NYC Housing Connect by Oct. 23, 2026. Applicants should submit only one application, because duplicate applications may lead to disqualification. A separate PIX11 report the same week described a different lottery with $675 studios. It does not appear to involve this building.
Key facts
- Address
- 1832 Fulton St., Bedford-Stuyvesant, Brooklyn (The Milano)
- Units
- 65 rent-stabilized apartments: studios, one-, two- and three-bedrooms
- Rents
- Studios from $1,819 a month. 23 one-bedrooms at $2,240 a month
- Income limits
- $68,126 to $198,510 a year, depending on household size (70% to 130% AMI)
- One-bedroom income range
- $83,383 to $122,160 a year
- Preferences
- 20% local residents. 10% city employees and veterans. 5% mobility, vision or hearing needs
- How to apply
- Online through NYC Housing Connect, one application per household
- Deadline
- Oct. 23, 2026
What it means
Tenants and voucher holders
The minimum income is $68,126 and studios start at $1,819. Many lower-income households will not qualify on income alone. The material does not say whether vouchers are accepted, so check the official listing before applying.
Caseworkers
The deadline is Oct. 23, 2026, less than a week after this report. Help eligible clients file one application only on Housing Connect, since duplicates may be disqualified. Flag clients who may qualify for the local, city employee, veteran or disability preferences.
Landlords
65 new rent-stabilized units near the Ralph Avenue and Utica Avenue stations add moderate-income supply in Bed-Stuy. Owners with nearby market-rate units in a similar price range may see some competition for tenants.
The highlights
- The Milano at 1832 Fulton St. has 65 rent-stabilized studios to three-bedroom units.
- Households earning $68,126 to $198,510, or 70% to 130% of AMI, can apply.
- Apply on NYC Housing Connect by Oct. 23, 2026. 20% of units go to local residents.
Why it matters Caseworkers
Clients earning $68,126 or more have a short window to apply for rent-stabilized Brooklyn units before the Oct. 23 deadline.
What to do: Submit one application on NYC Housing Connect by Oct. 23, 2026.
Not known yet
- Rents for the two- and three-bedroom units
- Whether Section 8, CityFHEPS or other vouchers are accepted
- The developer's name and the boundaries of the local-resident preference area
- Exact income limits for each household size and unit type
Background
NYC affordable-housing lotteries for new buildings are generally listed on NYC Housing Connect, the city's application portal overseen by HPD and the Housing Development Corporation. Applicants are typically selected by random log number. Selected households then must document income, household size and any preference claims before signing a lease. Units are usually priced as a share of area median income. Many lottery apartments are rent-stabilized, which limits rent increases and gives tenants renewal rights.
Summary written by Bulwark from BK Reader’s reporting. The original story is at bkreader.com. This is general information, not legal advice.
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Photo: Andre Carrotflower, CC BY-SA 4.0