The Real Deal New York

21 new affordable housing buildings are coming to East New York

Monadnock-developed properties would contain a total of 240 units
By Eddie Small | August 14, 2017 05:33PM

East New York in Brooklyn (Credit: Google Maps)

The city and Monadnock Development are planning to bring a complex of 21 new affordable housing buildings to East New York that will bring a total of 240 affordable housing units to the neighborhood.

The buildings will be located at 389-516 Schroeders Avenue, 1111-1123 Ashford Street and 127-129 Gateway Drive in Brooklyn, according to filings with the New York City Housing Development Corporation. The project will consist of 20 four-story apartment buildings and one 11-story apartment building spread across nearly 222,000 square feet.

There will be three studio, 98 one-bedroom, 132 two-bedroom and seven three-bedroom apartments, and the complex is estimated to get $40 million in tax-exempt bonds during construction.

HPD had filed plans with the Department of Buildings for 12 buildings as of Monday afternoon: seven on Schroeders Avenue, four on Ashford Street and one on Gateway Drive.

HPD and Monadnock did not immediately respond to requests for comment.

Several other new affordable housing buildings are also on their way to East New York. These include Phipps Houses’ 403-unit complex at 3301 Atlantic Avenue and B&B Urban’s plan for a 100-unit complex at 315 Linwood Street.