556 Baltic Street, Gowanus: 23 Affordable Apartments on Housing Connect, From $1,020 a Month

Published October 23, 202624 min readBy VoucherMatch Editorial Team

Quick answer556 Baltic Street is a new 11-story building with 92 apartments in Gowanus, Brooklyn. NYC Housing Connect advertised 23 of them at 40%, 60% and 100% AMI. Rents run from $1,020 for a one-bedroom to $3,233 for a two-bedroom. Applications were due February 9, 2026. As of October 21, 2026, 18 of the 23 rents are under the 2026 CityFHEPS maximum. The City's lottery data lists the lottery in "Tenant Selection".

Last checked: October 21, 2026, against the Housing Connect listing for lottery 7294, its rent table and the site's open-lottery search, read at the start and the end; the Housing Connect FAQ; CityFHEPS form DSS-8r; Department of Buildings DOB NOW filings for job B00678425, older job filings and certificates of occupancy; HPD's production data (project 75594); the City's lottery data and lottery building data; PLUTO; ACRIS for Brooklyn block 407, lot 1; City Planning's address search; HPD's 485-x page, Inclusionary Housing page and guide Applying for Affordable Housing; the Reside New York page the listing links to; HDC's re-rental search; New York YIMBY reports of February 17, 2022, April 22, 2024 and December 10, 2025; and the MTA's station data. How VoucherMatch reports these guides and corrects errors: how we report.

556 Baltic Street in numbers

23apartments in the Housing Connect lottery
92apartments in the building, in city records
$1,020the lowest rent, for nine one-bedrooms
$3,233the highest rent, for one two-bedroom
February 9, 2026the application deadline
January 6, 2026the first certificate of occupancy

What it means: the lottery covers one in four of the building's apartments, at three income levels.

Source: Housing Connect listing for lottery 7294, read October 21, 2026; Department of Buildings job B00678425 and its certificate of occupancy records.

Words used in this report

Area median income (AMI)The middle income for the area, adjusted for household size. A lottery apartment "at 60% AMI" is for households earning up to about 60% of it. The agency's income chart turns each level into dollar limits.
Minimum incomeThe lowest yearly income the listing accepts for an apartment, so the rent is not too large a share of income. Housing Connect does not apply it to households with a voucher or rental subsidy.
Lottery (NYC Housing Connect)Every complete application gets a random log number. The marketing agent works through applications in log-number order within each preference group, so applying early does not help.
Housing Choice Voucher (Section 8)Rental help run by a housing authority. You find a home, and the agency checks the unit, rent and your household before it approves payment.
CityFHEPS (New York City)The City Fighting Homelessness and Eviction Prevention Supplement: a City-funded rent supplement that the Department of Social Services (DSS) pays straight to the landlord.
Payment standard (the CityFHEPS maximum in this report)An amount the agency uses to work out housing assistance for a unit size and area. It does not mean that any home at that rent will be approved.
Utility allowanceThe agency's estimate of the cost of utilities you must pay. It is not a promise to pay your actual bills.
FMR and SAFMRHUD rent estimates for an area (Fair Market Rent) or ZIP code (Small Area Fair Market Rent). They include rent and most tenant-paid utilities. Your agency may use a different payment standard.
Certificate of occupancyThe Department of Buildings' sign-off that a building, or part of it, can be lived in.

Rendering of a building clad in reflective glass with a dark grid of window frames: a taller wing at left with stacked balconies at its corners and a setback near the top, a lower wing at right, shopfronts at street level, street trees and two parked cars in front, under a blue sky — Rendering of 556 Baltic Street from the street, from its Housing Connect listing. YIMBY credits the design to Input Creative Studio. Photo: NYC Housing Connect listing for lottery 7294 (rendering; maker not named), lottery listing rendering, via NYC Housing Connect, 556 Baltic Street Apartments (lottery 7294) (reduced 0.40 times (4000 x 2250 to 1600 x 900)).

What Was Built at 556 Baltic Street

556 Baltic Street is an 11-story mixed-use building with 92 apartments. City records also list the lot as 159 Third Avenue.

Names and addresses: Housing Connect calls the lottery "556 Baltic Street Apartments". PLUTO, the City's lot database, and HPD's data list the lot as 159 3 Avenue. YIMBY's 2022 report on the permits used 159 Third Avenue.
Permit: Department of Buildings job B00678425 reads "PROPOSED 11 STORY MIXED USE BUILDING TOTAL OF 92 DWELLING UNITS." It lists 124 feet and 94,101 square feet of construction.
Certificate of occupancy: the first one, dated January 6, 2026, covers 92 dwelling units. It was renewed on February 17, May 4, July 15 and September 29, 2026.
Owner on the permit: the DOB NOW filings name Baltic Residence LLC. A 2022 filing in the older system names 159 Third Residence LLC.
Architect: the permit's applicant is the firm Jay Architect & Engineering DPC. YIMBY's 2024 and 2025 reports say the building was "Designed by Input Creative Studio".
The land: ACRIS holds a memorandum of lease dated May 2, 2022. The lessor is Asti Holding Corp. The lessee is 159 Third Realty LLC.

Watch outYIMBY reported "123-foot-tall" and "68,808 square feet", with "5,231 square feet of commercial space". The permit lists 124 feet and 94,101 square feet of construction. PLUTO counts 92 homes among 94 units on the lot.

Rendering of a double-height lobby with pale stone floors, a white marble wall bearing gold letters reading Pointe 556, a cream sofa and two armchairs around a wooden table, wood-paneled wall with mailboxes at right, and a glass entrance door at the far left — Rendering of the lobby at 556 Baltic Street, from the Housing Connect listing. The wall shows the words "Pointe 556", a name no city record uses. Photo: NYC Housing Connect listing for lottery 7294 (rendering; maker not named), lottery listing rendering, via NYC Housing Connect, 556 Baltic Street Apartments (lottery 7294) (cropped to 16:9 (rows 112 to 3487 of 3600) and reduced 0.27 times).

556 Baltic Street, from the permit filing to the lottery

February 11, 2022the new building application is filed.
May 2, 2022a memorandum of lease for the lot is dated.
April 22, 2024YIMBY reports that excavation has begun.
January 8, 2025the new building plans are approved.
February 26, 2025two mortgages with Greystone Servicing Company LLC are dated.
March 12, 2025HPD's project start date.
December 8, 2025the Housing Connect lottery opens.
January 6, 2026the first certificate of occupancy is issued.
February 9, 2026applications are due.

What it means: the first certificate of occupancy came while the lottery was taking applications.

Source: Department of Buildings job B00678425 and certificate of occupancy records; ACRIS, Brooklyn block 407, lot 1; HPD project 75594; the City's lottery data; New York YIMBY, April 22, 2024.

The Programs the Listing Names

The listing says the building "is being constructed through the Inclusionary Housing Program and is anticipated to receive a Tax Exemption through the 485-X Tax Incentive program".

The two programs in HPD's words

Inclusionary HousingHPD says the program "is designed to promote and preserve affordable housing where zoning has been modified to encourage new development." Its page covers several program areas, including Mandatory Inclusionary Housing and Voluntary Inclusionary Housing.
485-xHPD says "Affordable Neighborhoods for New Yorkers, a new tax exemption program also known as 485-x, was created to support the creation of affordable housing in New York City."
How long it lastsHPD's 485-x page says "All Affordable Housing Units will be permanently affordable".
Rental optionsthe page lists Option A for 100 or more apartments, Option B for 6 to 99 and Option C for 6 to 10. Option D is for homeownership.

What it means: the listing names neither an Inclusionary program area nor a 485-x option. No document opened says which applies or whether the exemption was granted.

Source: Housing Connect listing; HPD's Inclusionary Housing and 485-x pages, read October 21, 2026.

Where 556 Baltic Street Is

556 Baltic Street is in Gowanus, Brooklyn, in ZIP code 11217. It is in Brooklyn Community District 6 and City Council District 39.

The location in the records

Gowanusthe listing ("the Gowanus area") and City Planning's address search for 159 3 Avenue.
Carroll Gardens-Cobble Hill-Gowanus-Red Hookthe area name in Department of Buildings and certificate of occupancy records.
Boerum Hillthe label on YIMBY's 2022 permit report.
The lotBrooklyn block 407, lot 1. YIMBY's 2024 report says "The site is bound by Baltic Street to the north, Butler Street to the south, and 3rd Avenue to the west."
ZIP code 11217in the listing, Department of Buildings, HPD and PLUTO records.

What it means: VoucherMatch files the building under Gowanus.

Source: the records named.

Station	Daytime lines	Distance	Accessible
Atlantic Av-Barclays Ctr	B, D, N, Q, R, 2, 3, 4, 5	about 0.3 to 0.4 miles	Yes
Union St	R	about 0.3 miles	No
Bergen St	2, 3	about 0.4 miles	No
Nevins St	2, 3, 4, 5	about 0.5 miles	No
Hoyt-Schermerhorn Sts	A, C, G	about 0.5 miles	No
Bergen St	F, G	about 0.5 miles	No

What it means: the nearest stop is the D, N and R platform at Atlantic Av-Barclays Ctr. The listing lists Union St as "D,N,R"; the MTA's data lists only the R there by day.

Source: the MTA's station data; straight-line distances by VoucherMatch from the listing's map point, so the walk is longer. "Accessible" is the MTA's own field.

Buses: the listing names bus stops at Bergen St and Flatbush Av, about 0.4 miles away, Bergen St and Hoyt St, about 0.4 miles, and Livingston St and Nevins St, about 0.4 miles. It names no route.
Along the lines: see apartments near the R train and the 2 train.

23 Apartments in the Lottery, at Three Income Levels

The 23 lottery apartments are four studios, ten one-bedrooms and nine two-bedrooms. Nine are at 40% AMI, nine at 60% AMI and five at 100% AMI.

Apartments in the Housing Connect lottery for 556 Baltic Street, by income level, October 2026

40% AMI

60% AMI

100% AMI

View the data table

Income level	Apartments
40% AMI	9
60% AMI	9
100% AMI	5

What it means: 18 of the 23 apartments are at the two lower income levels.

Source: Housing Connect listing for lottery 7294, counted by VoucherMatch from its 23 unit rows, read October 21, 2026. The City's lottery data and HPD project 75594 give the same counts.

Rendering of a lounge with wood-paneled walls, lit shelves holding art and fashion books, a long gas fireplace, pale sofas and armchairs, a round upholstered ottoman and a dark patterned rug — Rendering of a residents' lounge at 556 Baltic Street, from the Housing Connect listing. The advertisement marks the business lounge and party room "Additional fee may apply". Photo: NYC Housing Connect listing for lottery 7294 (rendering; maker not named), lottery listing rendering, via NYC Housing Connect, 556 Baltic Street Apartments (lottery 7294) (cropped to 16:9 (rows 112 to 3487 of 3600) and reduced 0.27 times).

Rents and Income Ranges in the Housing Connect Listing for 556 Baltic Street

The 23 apartments rent for $1,020 to $3,233 a month. The lowest minimum income is $40,595 a year, and the highest maximum is $183,200.

Rents and incomes by apartment type, lottery 7294
Apartments	Rent	People	Yearly income
9 one-bedrooms, 40% AMI	$1,020	1 to 3	$40,595 to $61,080
1 one-bedroom, 60% AMI	$1,609	1 to 3	$60,789 to $91,620
8 two-bedrooms, 60% AMI	$1,908	2 to 5	$72,960 to $109,920
4 studios, 100% AMI	$2,608	1 to 2	$94,355 to $135,700
1 two-bedroom, 100% AMI	$3,233	2 to 5	$118,389 to $183,200

Showing the first 4 of 5 rows. View allCollapse table

What it means: the minimum income is the same for every household size in a given apartment type.

Source: Housing Connect listing for lottery 7294, read October 21, 2026. The top of each range is for the largest household allowed.

Household size	Income ranges in the listing	Apartments open to it
1 person	$40,595 to $47,520; $60,789 to $71,280; $94,355 to $118,800	One-bedrooms, studios
2 people	$40,595 to $54,280; $60,789 to $81,420; $94,355 to $135,700	All types
3 people	$40,595 to $91,620; $118,389 to $152,700	One-bedrooms, two-bedrooms
4 people	$72,960 to $101,760; $118,389 to $169,600	Two-bedrooms
5 people	$72,960 to $109,920; $118,389 to $183,200	Two-bedrooms

What it means: income before taxes has to fall inside one of the ranges for the household's size.

Source: the same listing; ranges that touch or overlap are joined by VoucherMatch.

The income gaps: incomes no apartment accepts

One personunder $40,595, from $47,521 to $60,788, from $71,281 to $94,354, or over $118,800.
Two peopleunder $40,595, from $54,281 to $60,788, from $81,421 to $94,354, or over $135,700.
Three peopleunder $40,595, from $91,621 to $118,388, or over $152,700.
Four peopleunder $72,960, from $101,761 to $118,388, or over $169,600.
Five peopleunder $72,960, from $109,921 to $118,388, or over $183,200.

What it means: a household of one earning $80,000 fits no apartment, unless it has a voucher or rental subsidy.

Source: VoucherMatch's reading of the listing's incomes.

Watch outYIMBY's December 10, 2025 report printed lower top incomes, such as "$40,595 to $58,320" for the $1,020 one-bedrooms and "$118,389 to $175,000" for the $3,233 two-bedroom. Reside New York's page shows "$0-$175,000". The listing, read on October 21, 2026, shows the figures above. No page opened says why they differ. Ask the hotline, 212-863-7990.

Key pointthe listing's rent table sets asset limits of $67,840 at 40% AMI, $101,760 at 60% AMI and $169,600 at 100% AMI. It marks no apartment as a project-based voucher unit.

Which Rents a CityFHEPS or Section 8 Voucher Reaches

18 of the 23 rents at 556 Baltic Street are under the 2026 CityFHEPS maximum for their size. The four studios are $4 over, and the $3,233 two-bedroom is $236 over.

This was a city lottery on NYC Housing Connect, and the listing names HPD as its agency. The Housing Connect FAQ says: "Minimum income requirements do not apply if you have a voucher or a rental subsidy. However, rent should be within maximum limits allowed by your voucher or rental assistance program."

Lottery rent at 556 Baltic Street against the 2026 CityFHEPS maximum, by apartment type, in dollars a month

Lottery rentCityFHEPS maximum

One-bedroom, 40% AMI

$1,020

$2,734

One-bedroom, 60% AMI

$1,609

$2,734

Two-bedroom, 60% AMI

$1,908

$2,997

Studio, 100% AMI

$2,608

$2,604

Two-bedroom, 100% AMI

$3,233

$2,997

View the data table

Apartment type	Lottery rent	CityFHEPS maximum
One-bedroom, 40% AMI	$1,020	$2,734
One-bedroom, 60% AMI	$1,609	$2,734
Two-bedroom, 60% AMI	$1,908	$2,997
Studio, 100% AMI	$2,608	$2,604
Two-bedroom, 100% AMI	$3,233	$2,997

What it means: the 40% and 60% AMI apartments are under the maximum by $1,089 to $1,714 a month.

Source: rents from the Housing Connect listing; maximums from DSS-8r, in effect since April 1, 2026, which apply "if all utilities are included in the lease".

The listing says: "Tenants are responsible for electricity, including electric stove and heat. Rent includes hot water." So VoucherMatch subtracts DSS-8r's "Electric with Cooking Range" and "Electric Heat Only" allowances.

Rents against the CityFHEPS maximum less utility allowances
Apartment type	Rent	Maximum less allowances	Difference
One-bedroom, 40% AMI	$1,020	$2,546	$1,526 under
One-bedroom, 60% AMI	$1,609	$2,546	$937 under
Two-bedroom, 60% AMI	$1,908	$2,748	$840 under
Studio, 100% AMI	$2,608	$2,441	$167 over
Two-bedroom, 100% AMI	$3,233	$2,748	$485 over

Showing the first 4 of 5 rows. View allCollapse table

What it means: the same 18 apartments stay under, and the five 100% AMI apartments stay over.

Source: DSS-8r, 2026 payment standards and utility allowances ($111 and $52 for a studio, $126 and $62 for a one-bedroom, $167 and $82 for a two-bedroom); subtraction by VoucherMatch.

Credit check: the FAQ says "Applicants qualifying with rental subsidy are not subject to a credit check or review of rental history."
Section 8: NYCHA and HPD set their own limits. See the New York City Housing Authority page and Section 8 payment standards in NYC for 2026. For allowances, read Section 8 utility allowances in NYC.

Rendering of a gym with exercise bikes along a window wall, two orange exercise balls, wooden cubbies and coat hooks, a mirrored wall reflecting weight benches and machines, and a restroom door at right — Rendering of the gym at 556 Baltic Street, from the Housing Connect listing. The advertisement marks the gym "Additional fee may apply". Photo: NYC Housing Connect listing for lottery 7294 (rendering; maker not named), lottery listing rendering, via NYC Housing Connect, 556 Baltic Street Apartments (lottery 7294) (cropped to 16:9 (rows 84 to 2632 of 2717) and reduced 0.35 times).

How the Rents Compare With HUD's Figures for ZIP Code 11217

All five rents are below HUD's figures for ZIP code 11217. The gap runs from $1,227 for the $3,233 two-bedroom to $3,080 for the $1,020 one-bedrooms.

Lottery rent at 556 Baltic Street against HUD's fiscal year 2027 fair market rent for ZIP code 11217, in dollars a month

Lottery rentHUD fair market rent, ZIP 11217

One-bedroom, 40% AMI

$1,020

$4,100

One-bedroom, 60% AMI

$1,609

$4,100

Two-bedroom, 60% AMI

$1,908

$4,460

Studio, 100% AMI

$2,608

$3,890

Two-bedroom, 100% AMI

$3,233

$4,460

View the data table

Apartment type	Lottery rent	HUD fair market rent, ZIP 11217
One-bedroom, 40% AMI	$1,020	$4,100
One-bedroom, 60% AMI	$1,609	$4,100
Two-bedroom, 60% AMI	$1,908	$4,460
Studio, 100% AMI	$2,608	$3,890
Two-bedroom, 100% AMI	$3,233	$4,460

What it means: the lottery rents leave out electricity and heat, which tenants pay. Even so, each one is below HUD's figure.

Source: rents from the Housing Connect listing; HUD's Small Area Fair Market Rents for fiscal year 2027, in effect since October 1, 2026, which include most utilities.

Apartments in this area: see voucher apartments in ZIP 11217, Section 8 apartments in Park Slope and CityFHEPS apartments in Park Slope. VoucherMatch groups ZIP 11217 with Park Slope and Boerum Hill.

How 556 Baltic Street Was Financed

Property records show two mortgages from Greystone Servicing Company LLC dated February 26, 2025. The borrower is 159 Third Realty LLC.

Recorded documents for Brooklyn block 407, lot 1
Date	Document	Parties	Amount
May 2, 2022	Memorandum of lease	Asti Holding Corp. to 159 Third Realty LLC	$15,000,000
February 26, 2025	Two mortgages	159 Third Realty LLC to Greystone Servicing Company LLC	$31,034,003 and $5,365,997
February 26, 2025	Assignments	Greystone Servicing Company LLC to Greystone 556 Baltic Lender LLC	none listed
March 12, 2025	Miscellaneous document	Greystone 556 Baltic Lender LLC and HPD	none listed
March 14, 2025	Assignment	Greystone 556 Baltic Lender LLC to a bank	none listed

Showing the first 4 of 5 rows. View allCollapse table

What it means: the two mortgages total $36,400,000, by VoucherMatch's sum. The March 12, 2025 document is dated the same day as HPD's project start. The index does not say what it contains.

Source: ACRIS, Brooklyn block 407, lot 1, read October 21, 2026.

Preferences, Building Features and Fees at 556 Baltic Street

The listing sets aside apartments for people with disabilities and gives preference to two groups. Tenants pay electricity, and the listing's application-fee field is set to no.

Set-asides and preferences in the listing

Mobility5% of apartments, a set-aside.
Vision/Hearing2% of apartments, a set-aside.
Community Board Resident (Brooklyn CB 06)20% of apartments.
Municipal Employee/ Military Veteran10% of apartments.
The FAQ's community preferenceit is "For developments financed by the City". The FAQ's municipal employee text describes "five percent (5%) of the units in HPD- or HDC-financed developments".

What it means: the listing sets 10% for municipal employees and veterans together. The FAQ text describes 5% for municipal employees. Ask the hotline about that difference.

Source: Housing Connect listing for lottery 7294; the City's lottery data, which shows the same four shares; Housing Connect FAQ.

Rendering of a long shared work table with white chairs, a laptop and a coffee cup, under black pendant lights, with glass-doored rooms labelled Conference and Booth at the sides and a doorway marked Party Lounge at the back — Rendering of a shared work room at 556 Baltic Street, from the Housing Connect listing. Photo: NYC Housing Connect listing for lottery 7294 (rendering; maker not named), lottery listing rendering, via NYC Housing Connect, 556 Baltic Street Apartments (lottery 7294) (cropped to 16:9 (rows 112 to 3487 of 3600) and reduced 0.27 times).

What the building has: listed, extra cost, not stated

In the apartments, per the advertisement"air conditioning, patio or balcony for some units only, washer and dryer in units, split unit heating and cooling".
Building, per the advertisement"elevator, online payment options, security cameras, package room".
Marked "*Additional fee may apply""children's playroom*, game room*, party room*, gym*, business lounge*, dog run*, podcast room*, art room*, screening room*, ball court*, backyard*, rooftop terrace*, storage*, bike room*, and dog washing center*".
Pets"Pets are allowed upon approval. Pets over 40 pounds are not allowed."
Utilitiestenants pay electricity, including the electric stove and heat. Rent includes hot water.
Not statedthe amount of any fee, apartment sizes and bathrooms.

What it means: the listing calls the building "an architectural masterpiece"; those are the advertisement's words.

Source: Housing Connect listing, advertisement text and amenity list.

Watch outevery one of the listing's 22 images is a rendering or a plan of the lobby, shared rooms, roof or outside of the building. None shows an apartment. This guide leaves out two renderings of a screening room, which show a film on a screen, and renderings with people in them.

Rendering of a game room with two pool tables, a dartboard set in large dark rings on a wood-paneled wall, a foosball table, a wooden bench and patterned tile floors — Rendering of the game room at 556 Baltic Street, from the Housing Connect listing. The advertisement marks the game room "Additional fee may apply". Photo: NYC Housing Connect listing for lottery 7294 (rendering; maker not named), lottery listing rendering, via NYC Housing Connect, 556 Baltic Street Apartments (lottery 7294) (cropped to 16:9 (rows 112 to 3487 of 3600) and reduced 0.27 times).

What Happens After the Housing Connect Lottery and Where Openings Are Posted

Applications for the 23 apartments were due February 9, 2026. On the City's lottery data, last updated October 5, 2026, the lottery's status is "Tenant Selection".

How the 23 apartments are filled

1Log numbers"Within a few weeks after the lottery application deadline, Housing Connect randomly assigns log numbers".
2Review"The developer reviews them in log number order (starting with those who meet preference categories) and contacts applicants."
3Documents"If your log number comes up, the developer will contact you to submit documents."
4TimingHPD's guide says "You may hear about the status of your application within two to twelve months after the deadline." The deadline was February 9, 2026.

What it means: the lottery data does not say how many apartments are leased. The guide adds that "you will only have a few business days to submit your documents".

Source: step one from the Housing Connect FAQ; steps two to four from HPD's applying guide.

If you applied, have these ready

ID for every adult. the FAQ accepts "drivers’ licenses, non-driver state ID cards, and IDNYC cards"
Children under 18. "Birth certificates or other forms of documentation like a school letter"
Income, address and assets. "pay stubs, tax returns, proof of address, and asset documentation"
Asset limit. $67,840, $101,760 or $169,600, by income level
Rent history or credit. proof of 12 months of full rent payments, or a credit review
Voucher. proof of the subsidy and the rent it covers

What it means: the request for documents lists the exact papers.

Source: Housing Connect FAQ; the listing's rent table.

Check before you payapplying through NYC Housing Connect is free. Its FAQ says "There is no fee to apply for housing using Housing Connect"; a marketing agent may charge a credit or background check fee of no more than $20 per household. No payment app, wire or gift card buys a place in a lottery, and no one should charge you to see or hold an apartment. Apply only at housingconnect.nyc.gov or by mail to the address in the official listing.

Where the next openings are posted, checked October 21, 2026

Housing Connectlottery 7294 was not among the 19 rentals in the site's open-lottery search. No newer listing for the building was found there or in the City's lottery data. New lotteries are posted at housingconnect.nyc.gov.
Re-rentalsthe FAQ says vacant units "may be made available for applicants outside of Housing Connect". HDC's re-rental search listed 24 advertisements, none for this building.
Paper applicationsthe listing's "Apply by Mail" address was "556 Baltic Street Apartments C/O Reside Affordable, 349 Keap Street", Brooklyn, NY 11211. That is where a paper form was requested.
PostmarkYIMBY wrote that applications had to be "postmarked or submitted online no later than February 9, 2026." The listing gives no postmark rule.
The leasing pagethe listing's website link opens a Reside New York page. On October 21, 2026, it called the building an "Upcoming Project".

What it means: as of October 21, 2026, VoucherMatch found no open application or waiting list for these apartments.

Source: Housing Connect's open-lottery search and borough count (9 Brooklyn rentals); the City's lottery data; HDC's re-rental data; the listing; New York YIMBY; Reside New York.

What Is Known and Not Yet Known About 556 Baltic Street

The rents, incomes, deadline and lottery status are published. How many apartments have been leased is not.

Known and not yet known on October 21, 2026, and whom to ask

Not publishedhow many lottery apartments have been offered or leased, whether the building keeps a waiting list, and the amenity fees.
Not explainedwhy YIMBY and Reside New York printed different incomes, and why the listing's veteran and employee share differs from the FAQ text.
Not confirmedwhether the 485-x exemption was granted, which option applies, and which Inclusionary program area applies.
Whom to askthe Housing Connect hotline, 212-863-7990, "from 9am to 5pm on weekdays", or nychousingconnect@hpd.nyc.gov.

What it means: check each line again before acting on it.

Source: Housing Connect listing and FAQ; city records named above.

If You Need an Apartment Now

No waiting list is posted, so a household that needs to move has to look elsewhere.

Open nearby now: Housing Connect's search listed Sackett Apartments, also called 224 3rd Avenue, due October 26, 2026. It also listed 899 Fulton Street, also called 486 Clinton Avenue, due November 10, 2026.

1 bedroom apartment in Williamsburg, Brooklyn — Brooklyn apartments on VoucherMatch that take vouchers, nearest to 556 Baltic Street first

Voucher in hand: browse Section 8 apartments in Brooklyn and CityFHEPS apartments in Brooklyn.
No voucher yet: read how to get a housing voucher in NYC, compare CityFHEPS vs Section 8, or see low-income apartments in New York City.

Frequently Asked Questions

Was 556 Baltic Street on NYC Housing Connect?

Yes. 556 Baltic Street Apartments was lottery 7294 on NYC Housing Connect. It offered 23 apartments at 40%, 60% and 100% AMI, from $1,020 to $3,233 a month. Applications were due February 9, 2026. As of October 21, 2026, the City's data listed it in "Tenant Selection", and no waiting list was posted.

What is the rent at 556 Baltic Street?

The nine one-bedrooms at 40% AMI rent for $1,020 a month, and one at 60% AMI for $1,609. Eight two-bedrooms rent for $1,908 and one for $3,233. The four studios rent for $2,608. Tenants pay electricity, including the stove and heat. Rent includes hot water.

How much do you have to earn for 556 Baltic Street?

At least $40,595 a year for a $1,020 one-bedroom, $72,960 for a $1,908 two-bedroom and $94,355 for a studio. The most is $118,800 for one person and $183,200 for five. A household of four needs at least $72,960. With a voucher, the FAQ says the minimum does not apply.

Does 556 Baltic Street take Section 8 or CityFHEPS?

Housing Connect accepts both, but the rent must fit the voucher. The 18 apartments at 40% and 60% AMI are under the 2026 CityFHEPS maximums, even after the electric allowances. The four studios and the $3,233 two-bedroom are over. Ask DSS or the housing authority before applying anywhere.

Is 159 Third Avenue the same as 556 Baltic Street?

Yes, by city records. PLUTO and HPD's data list the lot, Brooklyn block 407, lot 1, as 159 3 Avenue. The permit, the certificates of occupancy and Housing Connect use 556 Baltic Street. YIMBY covered the 2022 permit filing under 159 Third Avenue, and the 2022 owner was 159 Third Residence LLC.

Is 556 Baltic Street in Gowanus or Boerum Hill?

It is in Gowanus. The listing says "the Gowanus area", and City Planning's address search says Gowanus. YIMBY's 2022 report said Boerum Hill. The building is in Brooklyn Community District 6 and ZIP code 11217. The nearest subway stop is Atlantic Av-Barclays Ctr, about 0.3 miles away in a straight line.

Are the rents at 556 Baltic Street below market?

Yes, by HUD's figures. Each rent is below HUD's fiscal year 2027 figure for ZIP code 11217, by $1,227 to $3,080 a month. HUD's figures include most utilities. At this building, tenants also pay electricity and heat on top of rent, so the full cost is higher than the rent.

Sources for this article (23)

Housing Connect listing for lottery 7294 (housingconnect.nyc.gov)
Housing Connect FAQ (housingconnect.nyc.gov)
DSS-8r (nyc.gov)
DOB NOW filings (data.cityofnewyork.us)
older job filings (data.cityofnewyork.us)
certificates of occupancy (data.cityofnewyork.us)
production data (data.cityofnewyork.us)
lottery data (data.cityofnewyork.us)
lottery building data (data.cityofnewyork.us)
PLUTO (data.cityofnewyork.us)
ACRIS (data.cityofnewyork.us)
address search (geosearch.planninglabs.nyc)
485-x page (nyc.gov)
Inclusionary Housing page (nyc.gov)
Applying for Affordable Housing (nyc.gov)
Reside New York page (residenewyork.com)
re-rental search (nychdc.com)
February 17, 2022 (newyorkyimby.com)
April 22, 2024 (newyorkyimby.com)
December 10, 2025 (newyorkyimby.com)
station data (data.ny.gov)
Small Area Fair Market Rents (huduser.gov)
housingconnect.nyc.gov (housingconnect.nyc.gov)

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Every rule, date and dollar amount in this article is checked against the agency document it comes from, and the sources are listed above. How VoucherMatch articles are researched and corrected