Friends of Sunset Park

Brooklyn


Welcome to the Friends of Sunset Park. We trust you're enjoying the most beautifully-sited park in NYC and we are looking forward to keeping you in the loop about all that's happening in our park and our neighborhood.
Check-in often. Till then...
JOIN US TO PRESERVE OUR WONDERFUL COMMUNITY BY BRINGING BEAUTY, EDUCATIONAL + SERVICE PROGRAMS, RECREATION AND ENTERTAINMENT TO A
SAFE, CLEAN + RESTORED PARK...
with the best views in New York City
+ 9/11 Living Memorial Grove

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Wednesday, February 11, 2015

For better or worse, looks like Bloomberg, Markowitz et al are still pulling the RE development strings in Brooklyn from behind the curtain.

City plans to sell prime land for $1 to private developer for 49 below-market-rate units 

The city’s Department of Housing Preservation and Development wants to hand the BAM North Site II lot, at 15 Lafayette Ave. in Fort Greene, to Jonathan Rose Companies to build a 12-story apartment complex in which 40% of the apartments would be set aside as affordable. The developer will pay $1 for the land. 

NEW YORK DAILY NEWS

Monday, January 26, 2015, 6:33 PM

http://www.nydailynews.com/new-york/hpd-plans-sell-prime-land-1-private-developer-article-1.2092855

Proposed plan: 12-story building with approximately 2,800 square feet of ground-floor commercial space for a restaurant, along with a 21,000-square-foot cultural center.

123 apts. in total- 40% or 49 of the apts. would be set aside as affordable for 30 years, not forever.
Of the 49 "affordable" apts.:
*25 apts. will be reserved for those earning no more than 60% of the AMI (Area Median Income, but must earn enough to cover the rent and other needs, such as food, electricity, gas, etc.
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60% of AMI
$50,340 - Family of four
$45,360 - Family of three
$40,320 - Family of two
$35,280 - Individual
**24 apts. will be reserved for those earning up to 130% of the AMI, but must earn enough to cover the rent and other needs, such as food, electricity, gas, etc.
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130% of AMI
$109,070 - Family of four
$98,280 - Family of three
$87,360 - Family of two
$76,440 - Individual
2014 AMI in NYC- http://www.nychdc.com/pages/Income-Eligibility.html
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73 apts. will rent at market rate which means whatever renters are willing to pay in the area.

The residential configuration (number of apts. by size) of the building is not detailed in this article, leaving many questions unanswered.

Construction is set to start this spring.
COURTESY OF JONATHAN ROSE COMPANIESConstruction is set to start this spring.