The apartments in Crown Heights were supposed to sell for $250,000 to $350,000. The amenities include granite countertops, terraces, marble bathrooms and walk-in closets.
Developer Avi Shriki says he had to come up with a Plan B "when the market went south." He signed a 10-year contract with the Bushwick Economic Development Group to turn the building into a shelter.
The city is paying about $2,700 a month for each apartment. The figure also covers social services, including job counseling.
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