100% Affordable Mixed-Use Project with 376 Rentals Opens Coney Island

Rendered courtesy of BFC Partners

BFC Partners announced on Monday the inauguration of the second phase of its 100% affordable housing project in Coney Island. Located at 1607 Surf Avenue, the approximately 361,000 square foot mixed-use development features 376 affordable rental units, 9,000 square feet of community space and 11,000 square feet of retail space. The $189 million project also includes a new primary care center operated by the New York City Health and Hospital Corporation.

Rendered courtesy of BFC Partners

The property comprises 94 studios, 105 one-bedroom apartments, 150 two-bedroom apartments and 26 three-bedroom apartments, including 57 units reserved for former homeless households. The rest are available to those with a household income between 40 and 90 percent of the region’s median income, or between $42,960 and $96,600 for a family of three.

“We are delighted to inaugurate phase two of our development at Coney Island,” said Don Capoccia, Managing Director of BFC Partners. “This development shows our commitment to Coney Island and ensuring communities have all the resources they need to thrive, from housing and health care facilities to local jobs and retail. We look forward to working with our neighbors to bring this project to life. »

Amenities include a landscaped rooftop terrace, a fitness room, a children’s playground, a party room and a lounge for tenants. The building also will have 61 parking spaces above ground commendable by tenants.

“The Coney Island development will ultimately bring over 1,000 new affordable homes to the heart of Coney Island. The second phase will bring nearly 400 affordable housing units in addition to commercial space and a new primary care facility that will benefit the entire community,” said AnnMarie Santiago, HPD Acting Commissioner. “I want to thank our dedicated staff at HPD, BFC Partners, HDC, HHC and elected officials for helping to build a more affordable, vibrant and sustainable Coney Island.”

The grand opening of 1607 Surf Avenue is the second phase of a three-part development plan for Coney Island. In June 2021, the first phase concluded with the opening of 2926 West 19th Street, a massive building that has 400 affordable housing units in the area.

The project is funded by the New York City Department of Housing and Preservation and the NYC Housing Development Corporation’s Extremely Low and Low Income Accessibility Program and Voluntary Inclusive Housing Program.

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Key words :
1607 Surf Avenue Affordable Housing, CFB Partners, Brooklyn, Coney Island, s9

Neighborhoods:
Coney Island

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