Hey, Dumbo! Got some exciting news on the housing situation.

"Excuse me, but it's DUMBO." Oh, well that explains why the neighbors always look offended.

Jokes aside, let's get down to brass tacks: $895/month one-bedroom apartments. Yes, it's yet another housing lottery.

I hear groaning! We know that "affordable housing" is often just a pipe dream, but for the sake of staying informed, let's talk about DUMBO.

This latest creation from Aufgang Architects, incidentally acquired by the developers from the Jehovah's Witnesses in 2012, is a sprawling warehouse conversion at 181 Front Street, now a 105-unit rental.

It's a shiny new 12-story stitch, to play off Aufgang's comment on the "urban fabric" of the local landscape. The renovation is supposed to blend with and respect the DUMBO area, while still bringing some innovation.

Twenty-one of the insanely priced apartments (at a market-rate of $3,000-$6,000 per month) are tagged as affordable.

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What this means is— if you're incredibly lucky— you can wind up with a 24-hour doorman, luxurious rooftop access, bicycle storage, and parking to go with your new view under the Brooklyn Bridge.

But let's not get ahead of ourselves. New Yorkers earning 60 percent of the median income can apply for the affordable apartments, with residents of Brooklyn Community Board 2 being granted special preference for half of them. 

There's a single three-bedroom (at $1,247/month) up for grabs, and 9 two-bedrooms, with the remaining 11 being one-bedrooms. Before you rush off to apply, also note there are different benchmarks for minimum and maximum income allowed, depending on the number of rooms and occupants.

181frontstreet

The deadline for this particular pipe dream is May 1st, 2017, then it's on to the next one. If you're interested in applying, you can find this lottery's application form here. And for staying in the loop on NYC housing lotteries in general, check out their website.