Flatbush's Bedford Beverly Phase 2: 196 Middle-Income Apartments at 2201 Beverley Road, From $2,869 a Month
Quick answerBedford Beverly Phase 2 is two new seven-story buildings with 650 apartments at 2201 Beverley Road and 2366 Bedford Avenue in Flatbush, Brooklyn. NYC Housing Connect advertised 196 of them at 130% of area median income, from $2,869 for a studio to $3,238 for a two-bedroom, with applications due May 11, 2026. As of October 8, 2026, all three rents are above the 2026 CityFHEPS maximum for their size and above HUD's fair market rent for ZIP code 11226.
Last checked: October 8, 2026, against the Housing Connect listings for lottery 7470 and lottery 7310, the leasing site bedfordsquarebk.com, Reside New York's page for the building and FAQ, Department of Buildings jobs B00698115 and B00698117 and their certificates of occupancy, HPD's Affordable Housing Production by Building data, city property records (ACRIS) for Brooklyn block 5133, the state's file for cleanup site C224384, the Landmarks Preservation Commission's report of May 15, 2012, HPD's pages on 421-a and area median income, S. Wieder Architect's project page, Clipper Equity's properties page, Commercial Observer's reports of March 2024, April 2024 and April 2026, New York YIMBY's reports of December 2025 and March 2026, THE CITY, the Housing Connect FAQ, HPD's guide Applying for Affordable Housing, and the CityFHEPS payment standards in DSS-8r.
- 650apartments in the two buildings, on their certificates of occupancy
- 196apartments advertised on Housing Connect, all at 130% AMI
- $2,869the lowest rent, for a studio
- $3,238the highest rent, for a two-bedroom
- $103,303the lowest yearly income the listing accepts
- May 11, 2026the application deadline

What Was Built at 2201 Beverley Road and 2366 Bedford Avenue
Bedford Beverly Phase 2 is two seven-story, 75-foot buildings with 650 apartments, built beside the landmark Sears store on land the store used for parking, and both have certificates of occupancy.
- Size: Department of Buildings jobs B00698115 and B00698117 are each for seven stories and 75 feet: 296 apartments and 234,711 square feet at 2201 Beverly Road, 354 apartments and 321,747 square feet at 2366 Bedford Avenue.
- Developer, owners and architect: Commercial Observer and New York YIMBY name Clipper Equity as the developer. City records name the owners, Bedford Beverly A LLC and Bedford Beverly B LLC. The permit applicant is Shmuel Wieder, a registered architect, of S. Wieder Architect P.C.
- Program: the listing says the building "is anticipated to receive a Tax Exemption through the 421a Tax Incentive program" of HPD.
- The land before: the owner's application to the state Brownfield Cleanup Program describes a Sears store, an auto repair shop and paving "previously used for parking". The state's August 2023 fact sheet says the site "does not pose a significant threat to public health or the environment".
- No rezoning: the application says the project "is consistent with the current zoning", C4-2.
Watch outone complex, many names. Housing Connect calls it "Bedford Beverly Phase 2". The leasing site calls it Bedford Square, with Building A at 2201 Beverley Road and Building B at 2366 Bedford Ave. The architect's page is titled "Sears Complex", and Clipper Equity's properties page uses 2360 Bedford Avenue.

- November 1932the Sears store opens at Bedford Avenue and Beverley Road.
- May 15, 2012the store becomes a city landmark. Sears and the property's owner had "asked that the Commission exclude the rear parking lot".
- November 24, 2021the closing date the store's owner gave THE CITY.
- May 6, 2022foundation permits are issued for both buildings.
- February 2024general construction permits are issued for both.
- November 26, 2025first certificate of occupancy for 2366 Bedford Avenue.
- January 29, 2026first certificate of occupancy for 2201 Beverly Road.
- March 18, 2026New York YIMBY reports that the lottery has launched.
- May 11, 2026applications are due.
What it means: general construction permit to first certificate of occupancy took about 22 months at 2366 Bedford Avenue and 23 at 2201 Beverley Road, which had no final certificate on October 8, 2026.
Source: the Landmarks Preservation Commission's report; THE CITY; Department of Buildings records; New York YIMBY; the listing.

Where 2201 Beverley Road Is
2201 Beverley Road is at the corner of East 22nd Street, and 2366 Bedford Avenue stands behind it on Bedford Avenue, both in ZIP code 11226, Brooklyn Community District 14 and City Council District 40.

| Station | Lines | From 2201 Beverley Road | From 2366 Bedford Avenue |
|---|---|---|---|
| Beverly Rd | 2, 5 | about 0.4 miles | about 0.3 miles |
| Beverley Rd | Q | about 0.4 miles | about 0.5 miles |
| Church Av | 2, 5 | about 0.6 miles | about 0.5 miles |
| Cortelyou Rd | Q | about 0.5 miles | about 0.6 miles |
| Church Av | B, Q | about 0.5 miles | about 0.5 miles |
| Newkirk Av-Little Haiti | 2, 5 | about 0.5 miles | about 0.6 miles |
What it means: the nearest station to both is Beverly Rd on the 2 and 5 trains.
Source: the MTA's station data; straight-line distances by VoucherMatch from each building's coordinates in Department of Buildings records, so the walk is longer.
- Neighborhood: the Department of Buildings files both buildings under Flatbush. See voucher apartments in Flatbush and apartments along the 2 train, the 5 train and the Q train.
650 Apartments: 196 on Housing Connect, All at 130% AMI
The lottery covered 196 of the 650 apartments, or 30.2%, and all 196 are at one income level, 130% of area median income.
- 650the two certificates of occupancy, 296 and 354, by VoucherMatch's addition.
- 653New York YIMBY's lottery report, which wrote "a total 653 residences".
- 89HPD's data, updated September 30, 2026, lists 2201 Beverly Road with 89 middle income apartments of 296. It has no row for 2366 Bedford Avenue.
| Building | Studios | 1 bedroom | 2 bedrooms | In the lottery | In the building |
|---|---|---|---|---|---|
| 2201 Beverley Road (Building A) | 35 | 34 | 20 | 89 | 296 |
| 2366 Bedford Avenue (Building B) | 38 | 32 | 37 | 107 | 354 |
| Both buildings | 73 | 66 | 57 | 196 | 650 |
What it means: 37% of the lottery apartments are studios, 34% one-bedrooms and 29% two-bedrooms. There are no three-bedrooms.
Source: Housing Connect listing for lottery 7470, counted by VoucherMatch from its 196 unit rows; building totals from the certificates of occupancy.
Key pointHPD's name for this income level is middle income. Its area median income page puts 121% to 165% of the median in the "Middle-Income" band, and its 421-a page describes options under which "At least 30% of the units must be affordable at up to 130% of AMI".
Watch outthe marketing agent's FAQ for developers says the program "allows renting the affordable units at market rate or close to market rate in most areas to the maximum of 130% AMI".

How big the apartments are
Floor areas are published only on the leasing site.

| Residences on the leasing site | 2201 Beverley Road | 2366 Bedford Avenue |
|---|---|---|
| Studios | 55 listed, 349 to 1,023 square feet | 49 listed, 339 to 1,034 square feet |
| One-bedrooms | 31 listed, 394 to 1,350 square feet | 6 listed, 941 to 1,267 square feet |
| Two-bedrooms | 12 listed, 579 to 754 square feet | 8 listed, 660 to 864 square feet |
What it means: the listing gives no floor areas and the leasing site does not say which residences are income-restricted, so ask Reside New York.
Source: the availability lists on bedfordsquarebk.com, read October 8, 2026, leaving out rows named "WAIT".
Rents and Income Ranges in the Housing Connect Listing for 2201 Beverley Road
The 196 lottery apartments have three rents, $2,869, $2,996 and $3,238 a month, and the lowest minimum income in the listing is $103,303 a year.
| Apartments | Rent | People | Yearly income |
|---|---|---|---|
| 73 studios, 130% AMI | $2,869 | 1 to 2 | $103,303 to $176,410 |
| 66 one-bedrooms, 130% AMI | $2,996 | 1 to 3 | $108,343 to $198,510 |
| 57 two-bedrooms, 130% AMI | $3,238 | 2 to 5 | $118,560 to $238,160 |
What it means: each rent is about one-third of the minimum income. The studio's $2,869 is $34,428 a year, 33.3% of $103,303.
Source: Housing Connect listing for lottery 7470, read October 8, 2026. Rents are the same at both addresses.
| Household size | Lowest income accepted | Highest income accepted |
|---|---|---|
| 1 person | $103,303 | $154,440 |
| 2 people | $103,303 | $176,410 |
| 3 people | $108,343 | $198,510 |
| 4 people | $118,560 | $220,480 |
| 5 people | $118,560 | $238,160 |
What it means: income before taxes has to fall between the two numbers.
Source: the same listing; the highest incomes match the 130% column of HPD's 2026 chart.
Watch outtwo sets of income limits are in print. New York YIMBY's report of March 18, 2026 gave top incomes of $168,480, $189,540 and $227,500. The listing on October 8, 2026 gives $176,410, $198,510 and $238,160. Ask Reside New York which applied to your application.
- Under $103,303below the lowest minimum, unless the household has a rental subsidy.
- One level onlythe listing has no lower-rent tier.
- Six or more peopleno apartment takes more than five.
- Asset limit$220,480, in the listing's advertisement table.
Key pointtenants pay for electricity, cooking and heat. The listing says "Tenants are responsible for electricity, including electric stove and heat. Rent includes hot water."
| Apartment | Rent | Average over 12 months with two free | Average over 24 months with two free |
|---|---|---|---|
| Studio | $2,869 | $2,391 | $2,630 |
| 1 bedroom | $2,996 | $2,497 | $2,746 |
| 2 bedrooms | $3,238 | $2,698 | $2,968 |
What it means: the listing does not say what rent the lease states.
Source: the listing opens with "TWO MONTHS FREE RENT OFFERED FOR A 1 OR 2-YEAR LEASE TERM"; averages by VoucherMatch, counting two free months once per lease.

Which Rents a CityFHEPS or Section 8 Voucher Reaches
None of the three rents is within the 2026 CityFHEPS maximum for the same apartment size: each is $241 to $265 over it before utilities are counted.
This was a city lottery on NYC Housing Connect, so HPD's rule applies. 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."
View the data table
| Apartment size | Lottery rent | Rent plus utility allowance | CityFHEPS maximum |
|---|---|---|---|
| Studio | $2,869 | $3,032 | $2,604 |
| 1 bedroom | $2,996 | $3,184 | $2,734 |
| 2 bedrooms | $3,238 | $3,487 | $2,997 |
What it means: the rents are $265, $262 and $241 over the maximum on their own, and $428, $450 and $490 over with the allowance.
Source: rents from the Housing Connect listing; maximums and allowances from DSS-8r, effective April 1, 2026. The allowance column adds the form's "Electric with Cooking Range" and "Electric Heat Only" lines: $163, $188 and $249, by VoucherMatch's addition.
Watch outDSS-8r calls its figures "the maximum rent amounts if all utilities are included in the lease". The agency decides which allowance lines apply.
- By family size: DSS-8r pairs three or four people with $2,997 and five or six with $3,753. With the allowance added, only a five-person household has a figure above the rent it would pay here: $3,753 against $3,487 for a two-bedroom. Confirm with the Human Resources Administration.
- Guides: CityFHEPS vs Section 8, Section 8 utility allowances in NYC and two-bedrooms in Brooklyn that take vouchers.

How the Rents Compare With Typical Rents in ZIP Code 11226
Every lottery rent is above what HUD estimates an ordinary apartment costs in ZIP code 11226, by $316 to $319 a month, and below the lowest rent the same two buildings advertise on their leasing site.
View the data table
| Apartment size | Lottery rent | HUD fair market rent, ZIP 11226 | Lowest rent on the leasing site |
|---|---|---|---|
| Studio | $2,869 | $2,550 | $3,230 |
| 1 bedroom | $2,996 | $2,680 | $3,230 |
| 2 bedrooms | $3,238 | $2,920 | $3,999 |
What it means: the lottery rents are $319, $316 and $318 above HUD's figures, and $361, $234 and $761 below the lowest rent on the leasing site.
Source: rents from the Housing Connect listing; HUD's Small Area Fair Market Rents for fiscal year 2027, in effect since October 1, 2026; bedfordsquarebk.com, read October 8, 2026.
- Utilities: HUD's figure is its estimate of the 40th-percentile rent with utilities included. Rents here leave out electricity, cooking and heat, so the gap is wider than the chart shows.
- HPD's ceiling: HPD lists maximum rents at 130% AMI of $3,685, $3,948 and $4,738, in a chart it labels 2025. The lottery rents are $816, $952 and $1,500 under those.
| Rents on the leasing site | 2201 Beverley Road | 2366 Bedford Avenue |
|---|---|---|
| Studios | $3,230 to $5,271 | $3,250 to $4,500 |
| One-bedrooms | $3,230 to $6,599 | $4,900 to $5,200 |
| Two-bedrooms | $3,999 to $4,506 | $4,500 to $4,900 |
What it means: every numbered residence is priced above the lottery rent for its size. One row named "WAIT", a one-bedroom at 2366 Bedford Avenue, shows $2,996.
Source: the availability lists on bedfordsquarebk.com, read October 8, 2026, for the 98 and 63 numbered residences listed.
How Bedford Beverly Phase 2 Was Financed
City property records show mortgages adding up to $245,000,000 on the two buildings in March 2024, and none of the lenders named is a city or state housing agency.
| Building | Date signed | Lender in the record | Amount |
|---|---|---|---|
| 2366 Bedford Avenue | March 5, 2024 | Scale 2360 Bedford Lender LLC, care of Slate Property Group | $140,000,000 |
| 2201 Beverley Road | March 20, 2024 | Valley National Bank, as administrative agent | $105,000,000 |
| 2201 Beverley Road | November 7, 2025 | Valley National Bank | $125,000,000 |
| 2366 Bedford Avenue | March 3, 2026 | MF1 Capital LLC | $140,000,000 |
What it means: these are index entries; the documents were not opened.
Source: ACRIS records for Brooklyn block 5133, lots 44 and 46. Each 2024 amount is VoucherMatch's addition of three indexed amounts: $86,999,606.58, $23,000,393.42 and $30,000,000, then $46,166,634, $19,053,366 and $39,780,000.
- "$170 million": Commercial Observer reported on April 7, 2026 that MF1 Capital lent $170 million to refinance 2366 Bedford Avenue. The agreement in city records is indexed at $140,000,000.
- The land: two deeds dated May 9, 2022, for $50,604,750 and $40,277,250, cover the Sears store and the lots on both sides of Bedford Avenue.
- How long rents stay restricted: HPD's 421-a page gives 35 years, or 40 for a project with the enhanced benefit. Which applies here is not published.
Preferences, Building Features and Fees
The listing shows no set-asides and no preferences, and its text says the shared amenities "are subject to an additional fee."
- Community boardnone listed. The Housing Connect FAQ says "This preference does not apply to developments that do not receive City financing, e.g., those that only receive a tax exemption."
- Disability set-asidesnone appear in the listing's data. The FAQ describes 5% and 2% preferences for applicants with disabilities, so ask Reside New York at 718-387-4448.
- In the apartmentthe listing's amenity list has "Washers and dryers in units", "Dishwasher in unit", "Air-conditioning" and "Patio or balcony". It marks the buildings "Smoke-free".
- Extra costthe listing stars a playroom, a gym, a party room, terraces, storage, covered parking, a shared laundry room and more, then says "*Amenities are subject to an additional fee." It gives no amounts.
- Pets"Pets are allowed for a $300 one-time refundable deposit. Size and breed restrictions apply."

Watch outthe listing's field for deposits or application fees is set to no, while its text asks for a $300 pet deposit. Both kitchen renderings show a smooth-top range, matching "electric stove".

How Phase 2 Fits With Phase 1
Phase 2 is the larger half of a four-building complex of 877 apartments: Phase 1, across Bedford Avenue, has 227 apartments and had its own Housing Connect lottery of 69, due February 12, 2026.
| Item | Phase 1 | Phase 2 |
|---|---|---|
| Housing Connect lottery | 7310 | 7470 |
| Addresses | 2363 Bedford Avenue and 158 Lott Street | 2201 Beverley Road and 2366 Bedford Avenue |
| Leasing-site names | Buildings C and D | Buildings A and B |
| Apartments on the certificates of occupancy | 132 and 95, 227 in all | 296 and 354, 650 in all |
| Stories on the permits | 7 and 5 | 7 and 7 |
| Lottery apartments | 69: 22 studios, 26 one-bedrooms, 21 two-bedrooms | 196: 73 studios, 66 one-bedrooms, 57 two-bedrooms |
| Lottery rents | $2,722, $2,823 and $3,082 | $2,869, $2,996 and $3,238 |
| Income level | 130% AMI | 130% AMI |
| Applications due | February 12, 2026 | May 11, 2026 |
| First certificates of occupancy | December 8, 2025 and August 1, 2025 | January 29, 2026 and November 26, 2025 |
| Final certificates of occupancy | July 28, 2026 and July 13, 2026 | none for 2201 Beverley Road as of October 8, 2026; July 17, 2026 for 2366 Bedford Avenue |
| Community district | Brooklyn 17 | Brooklyn 14 |
What it means: Phase 2 rents are $147, $173 and $156 higher than Phase 1's, and no document opened explains the difference.
Source: Housing Connect listings 7310 and 7470; Department of Buildings permits and certificates of occupancy, in the order of the addresses.

- 69 or 264the Phase 1 listing's description says "264 units at 130% AMI", and it has 69 unit rows. The two listings together have 265, which is 30.2% of 877.
- StoriesNew York YIMBY called Phase 1 "a pair of seven-story residential buildings". The permit for 158 Lott Street is for five.
- Total apartmentsthe four certificates of occupancy add up to 877. The architect's own project page says "Units: +1000".

What Happens After the Lottery and Where Openings Are Posted
Applications for the 196 apartments were due May 11, 2026, and HPD's guide says applicants may hear back "within two to twelve months after the deadline".
- 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."
- 4Timingtwo to twelve months after May 11, 2026 runs from July 2026 to May 2027, by VoucherMatch's count.
What it means: the same guide says "you may not be contacted, even if you could have qualified."
Source: step one from the Housing Connect FAQ; steps two and three from HPD's guide of June 2020.
- Identity. a driver's license, non-driver state ID or IDNYC card
- Income and assets. pay stubs, tax returns, proof of address and asset documentation
- Rent history or credit. proof of 12 months of full rent payments, or consent to a credit review
- Voucher. "proof of the subsidy and the amount of rent it covers"
What it means: the document request lists the exact papers.
Source: the Housing Connect FAQ.
- Housing Connectcity lotteries are posted at housingconnect.nyc.gov. No listing numbered after 7470 carried the Bedford Beverly name on October 8, 2026.
- Reside New Yorkthe listing sent paper applications to "Bedford Beverly Phase 2 C/O Reside New York, 349 Keap Street", Brooklyn. Its page for the building carried the status "Upcoming Project" and Phase 1's rents on October 8, 2026.
- The leasing officebedfordsquarebk.com marks all four buildings "Now Leasing" and gives 212-233-6766.
- Re-rentalsHDC's re-rental search listed 24 advertisements on October 8, 2026, none for Bedford Beverly. HPD's re-rentals page lists Reside New York as a manager to ask about vacancies.
- Knownthe rents, income ranges, counts and deadline in the listing, and a certificate of occupancy for each building.
- Not issueda final certificate of occupancy for 2201 Beverley Road.
- Not publishedhow many of the 196 apartments are leased, whether there is a waiting list, the amenity and parking fees and which 421-a option applies.
If You Need an Apartment Now
Applications were due May 11, 2026 and every lottery rent is above the CityFHEPS maximum for its size, so most households with a voucher have to look at other buildings.
3 bedrooms, $3,600 a monthFlatbush, BrooklynAccepts HASA
3 bedrooms, $3,700 a monthBrownsville, BrooklynAccepts CityFHEPS · HASA · FHEPS
Studio, $2,450 a monthBrownsville, BrooklynAccepts HASA · CityFHEPS · NYCHA
Listed by landlords who say which vouchers they accept. These are separate from the lottery. See all Brooklyn listings
- Voucher in hand: browse Section 8 apartments in Brooklyn and CityFHEPS apartments in Brooklyn, or narrow to CityFHEPS apartments in Flatbush and voucher apartments in ZIP 11226.
- No voucher yet: read how to get a housing voucher in NYC.
- No voucher and a low income: see low-income apartments, where the application goes to the building.
Frequently Asked Questions
What is the rent at Bedford Beverly Phase 2 in Flatbush?
Studios are $2,869 a month, one-bedrooms $2,996 and two-bedrooms $3,238. Tenants also pay for electricity, cooking and heat.
How much do you have to earn for 2201 Beverley Road?
The listing's ranges run from $103,303 a year for a $2,869 studio to $238,160 for five people in a $3,238 two-bedroom.
Can I use CityFHEPS or Section 8 at Bedford Beverly Phase 2?
All three rents are above the 2026 CityFHEPS maximum for their size, by $241 to $265 before utilities. Section 8 holders should ask their agency for its payment standard.
Was 2201 Beverley Road on NYC Housing Connect?
Yes. It was lottery 7470, "Bedford Beverly Phase 2", for 196 apartments at 2201 Beverley Road and 2366 Bedford Avenue, due May 11, 2026.
Is Bedford Square at the Flatbush Sears the same as Bedford Beverly?
Yes. Bedford Square is the leasing name for the four buildings around the landmark Sears store. Its Buildings A and B are Housing Connect's "Bedford Beverly Phase 2". City permits write 2201 Beverly Road.
What is the difference between Bedford Beverly Phase 1 and Phase 2?
Phase 1 is 2363 Bedford Avenue and 158 Lott Street: 227 apartments, 69 in a lottery at $2,722 to $3,082. Phase 2 has 650, with 196 at $2,869 to $3,238.
Are the rents at 2201 Beverley Road below market?
They are $316 to $319 above HUD's fiscal year 2027 fair market rent for ZIP code 11226, and $234 to $761 below the lowest rents on the buildings' leasing site.
Sources for this article (25)
- lottery 7470 (housingconnect.nyc.gov)
- lottery 7310 (housingconnect.nyc.gov)
- bedfordsquarebk.com (bedfordsquarebk.com)
- page for the building (residenewyork.com)
- FAQ (residenewyork.com)
- Affordable Housing Production by Building (data.cityofnewyork.us)
- file for cleanup site C224384 (extapps.dec.ny.gov)
- report of May 15, 2012 (s-media.nyc.gov)
- 421-a (nyc.gov)
- area median income (nyc.gov)
- project page (sw-architect.com)
- properties page (clipperequity.com)
- March 2024 (commercialobserver.com)
- April 2024 (commercialobserver.com)
- April 2026 (commercialobserver.com)
- December 2025 (newyorkyimby.com)
- March 2026 (newyorkyimby.com)
- THE CITY (thecity.nyc)
- Housing Connect FAQ (housingconnect.nyc.gov)
- Applying for Affordable Housing (nyc.gov)
- DSS-8r (nyc.gov)
- Small Area Fair Market Rents (huduser.gov)
- housingconnect.nyc.gov (housingconnect.nyc.gov)
- re-rental search (nychdc.com)
- re-rentals page (nyc.gov)
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