A large Greenpoint waterfront development will now have more affordable housing units, thanks to community input that pushed for more low-cost apartments.
The New York City Department of Housing Preservation and Development, the Gotham Organization and the Metropolitan Transportation Authority on Tuesday said Monitor Point, a mixed-use development at 40 and 56 Quay St., will now have 40% of all homes — approximately 460 apartments — as permanently affordable units. Previously, the team had suggested building 288 affordable units.
The project will consist of an east building with approximately 200 affordable homes, with income bands ranging from 40% to 100% and an average AMI below 65%. The west building, privately financed, will consist of approximately 950 residential units, including approximately 260 affordable homes, with an average AMI below 60%, including homes at 40% AMI.
“Expanding affordability at Monitor Point shows what’s possible when public and private partners work together to address New York’s housing crisis and the needs shared by the dozens of North Brooklyn community stakeholders we've spoken with,” Bryan Kelly, president of Development at the Gotham Organization said in a statement.
The development will consist of about 50,000-square-feet of publicly accessible waterfront open space, linking the North Brooklyn Greenway and expanding access to the East River; a new home for the Greenpoint Monitor Museum; environmental remediation, restoration and resiliency improvements to protect against flooding and enhance natural habitats, including Bushwick Inlet Park; and the relocation of the MTA's Mobile Wash Division and Emergcy Respose Unit to different locations.
“The plan’s commitment to delivering hundreds of affordable homes, establishing a dedicated funding stream for public transit, providing an improved home for the Greenpoint Monitor Museum, and creating additional accessible public space for the surrounding community demonstrates a thoughtful and holistic approach to long-term neighborhood stability," said Acting HPD Commissioner Ahmed Tigani.
Local nonprofits were pleased with the inclusion of the additional affordable homes.
“For decades, Los Sures has fought to keep longtime North Brooklyn families housed, healthy and rooted in their community, and Monitor Point’s commitment to deep affordability moves that mission forward,” said Juan Ramos, executive director of Southside United HDFC-Los Sures. “Creating new homes that working families can afford helps protect the cultural and economic diversity that defines our neighborhoods. We welcome projects like this that address the needs of community members.
Michael Rochford, the executive director of St. Nicks Alliance, said a higher percentage of low-income homes on the waterfront will welcome a diverse, balanced community of residents.
The project is expected to begin the city's Uniform Land Use Review Procedure (ULURP), which includes review by Brooklyn Community Board 1, the Brooklyn Borough president and the City Council, in early 2026.
