Crown Heights residents can bid on apartments starting at $975
A lottery for 16 income-restricted units in a new 74-story building on Pacific Street closes November 18.
By Elena Greco ·
The application window for 16 affordable apartments in a new Crown Heights building closes on November 18.
The 10-story structure at 1060 Pacific Street, also known as 1058 Pacific Street, offers units to households earning between $39,875 and $146,560 annually. The income threshold covers families of one to five people, representing 40 to 80 percent of the Area Median Income.
The lottery includes one studio priced at $975 per month and one one-bedroom unit at $1,017. Fourteen two-bedroom apartments are available at either $1,169 or $2,627 per month. All 16 units are rent-stabilized and income-restricted. Residents pay for electricity, which covers the stove, heating, and hot water. The building is smoke-free and allows one pet weighing up to 30 pounds.
Tenants will have access to in-unit washers and dryers, a gym, a pet spa, a co-working space, and a rooftop terrace. Ground-floor retail space is included in the design. The building features a light grey brick facade with protruding vertical sections and recessed balconies. These balcony bays use a light-colored wood-look material and glass railings. Dark-framed windows are evenly spaced between the protruding sections.
The site previously housed a low-slung industrial building from the 1920s. It once served as a Mobil service station and later as the Alphil Spot Welder Manufacturing Corp. The Atlantic Avenue Mixed-Use Plan rezoning passed in 2025, prompting the replacement of the industrial warehouse with residential apartments. For decades, local residents had fought to keep manufacturing activities in the area.
Ten Fifty Eight LLC owned the property since 2005 before transferring it to 1058 Pacific Street LLC a few months after the rezoning passed. Public records show no exchange of funds between the related entities. Yosef Davidson of Rockford Asset Management signed for the former owner, while Ben Beitel of Beitel signed for the new owner. A new-building permit issued in July 2025, and demolition of the old warehouse was approved in November 2025. The project does not yet have a certificate of occupancy.
The development is required to include affordable units under the city’s Mandatory Inclusionary Housing program because it utilizes the rezoning. It is also expected to receive a 485-a tax break. Unregulated apartments in the building began leasing at the end of October for a January 1 move-in. Studios start at $3,450, one-bedrooms at $3,900, and two-bedrooms at $5,450. According to StreetEasy listings, none of the market-rate units had rented as of the publication date.
