Affordable Housing Lottery Opens at Former Pfizer Site in Brooklyn

The new 10-story building in Broadway Triangle includes 120 rent-stabilized units targeting low- and middle-income households.

Published on Feb. 19, 2026

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An affordable housing lottery has launched at 11 Gerry Street, a fully affordable 10-story building in Rabsky's Broadway Triangle development in Brooklyn. The building includes 120 rent-stabilized apartments ranging from one to four bedrooms, with rents starting at $812 per month for households earning 40-100% of the area median income.

Why it matters

The Broadway Triangle development has been highly controversial, with community groups previously attempting to purchase the former Pfizer site to build low-income housing. The new affordable housing units are part of the city's efforts to increase access to affordable housing in the rapidly gentrifying area.

The details

The 11 Gerry Street building was developed by Rabsky Group and designed by Fischer + Makooi Architects. Apartments include energy-efficient appliances and patios or balconies, with amenities like a shared laundry room and bike storage available for an additional fee. The building is also set to receive a 421-a tax break.

  • The affordable housing lottery for 11 Gerry Street opened on February 17, 2026.
  • The lottery will close on March 4, 2026.

The players

Rabsky Group

The real estate development company that owns and developed the Broadway Triangle site, including the 11 Gerry Street building.

Fischer + Makooi Architects

The architecture firm that designed the 11 Gerry Street building.

Pfizer

The former owner of the land that is now part of the Broadway Triangle development.

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What’s next

The affordable housing lottery for 11 Gerry Street will close on March 4, 2026. Successful applicants will then be selected through the lottery process.

The takeaway

The opening of the affordable housing lottery at 11 Gerry Street represents an important step in providing much-needed low- and middle-income housing in the rapidly gentrifying Broadway Triangle neighborhood, despite the development's controversial history.