40% (460) of All Homes To Be Affordable
On November 12, 2025, Greenpoint and Williamsburg residents gathered at Los Sures Senior Center to learn about Monitor Point, a new waterfront development located on Quay Street at the intersection of West Street. These neighbors have been advocating for greater affordability on the Williamsburg-Greenpoint waterfront through their volunteer organizations, United Neighbors Organization (UNO) and La Lucha. Monitor Point will see the development of the largest remaining vacant property on the riverfront.
The over 40 people in attendance were pleased with what they heard.
The developers behind the Monitor Point proposal announced that they’re committing to making 40% of the project’s apartments affordable–about 460 units out of the 1,150 in total–as the long-planned development moves closer to the city’s formal review process.
The commitment significantly exceeds the 25% required under Mandatory Inclusionary Housing rules and represents one of the largest private affordable housing investments on the North Brooklyn waterfront in recent memory.
Neighbors Pleased to Learn of Expanded Affordability
“[UNO] members welcomed Gotham’s proposal to develop Monitor Point and commit to 40% deep and inclusive affordable housing,” said Luz Rosario, the leader of UNO. “Our members have seen their family and friends pushed out of the neighborhood by high rents and are very dissatisfied with the low number of affordable units available so far in the waterfront. Gotham [Organization]’s proposal offers the largest number of affordable housing units to be created by any developer on the waterfront so far, and it will be accessible to our families.”
The project, a partnership between the Gotham Organization and the Metropolitan Transit Authority (MTA), would transform an industrial MTA maintenance facility at 40 Quay Street and adjacent land owned by the Greenpoint Monitor Museum into a mixed-use development with substantial public benefits.
The affordability structure includes one building that’s entirely affordable, which holds roughly 200 apartments through the New York City Department of Housing Preservation and Development, serving households earning between 40% and 100% of the Area Median Income (AMI), with an average below 65% of the AMI.
A second building would be mixed-income, with about 260 affordable units averaging below 60% of the AMI alongside market-rate apartments. The cross-subsidy model enables deeper affordability through the market-rate units.
“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.”
Brooklyn Community Board 1’s most recent needs statement identifies affordable housing as the board’s most urgent priority. The rental vacancy rate in the area is just 2.3%, indicating a severe housing shortage.
Frank Lang, the deputy executive director of housing at St. Nicks Alliance, said this is the exact type of housing that the community needs. “St. Nicks Alliance is excited that a waterfront project is committed to creating a substantial amount of apartments that will be affordable to the needs of low-income community residents. Monitor Point would have a higher percentage of on-site low-income homes than other recent developments. It creates an integrated complex that can welcome a diverse community of residents.”
Environmental Restoration and Waterfront Access
Beyond housing, the project includes significant environmental improvements to Bushwick Inlet’s shoreline, which has been deteriorating due to erosion and lacks proper flood protection infrastructure.
The development would fund extensive restoration work, including demolition of the existing industrial warehouse, excavation and disposal of historic fill, installation of new shoreline bulkheads, and flood-resilient grading. Native plantings would replace invasive species, improving habitat for birds and other wildlife along the waterfront.
About 50,000 square feet of new waterfront open space would connect Bushwick Inlet Park to existing waterfront access to the north, creating a continuous public waterfront. The project also includes an upland connection linking the park to West Street.
“We’re proud to deliver the largest investment in affordable housing on the North Brooklyn waterfront in a generation, while also creating new open space, safer streets and a more resilient waterfront for Greenpoint residents,” said Bryan Kelly, president of development at the Gotham Organization.
Museum and Community Investment
Those in attendance were also happy to hear that the site would provide a permanent home for the Greenpoint Monitor Museum, which commemorates the neighborhood’s shipbuilding heritage. The project also provides ongoing funding to the New York City Department of Parks & Recreation for maintenance of the adjacent Bushwick Inlet Park.
“Our mission has always been to connect young people with the proud maritime history of Greenpoint,” said George J. Weinmann, co-founder of the Greenpoint Monitor Museum and a lifelong Greenpoint resident. “We’re proud to be a part of a project that finally creates a home where learning, community, and history all come together on the waterfront.”
Relocating the MTA’s Mobile Wash Division and Emergency Response Unit to a new facility at 213 Meadow Street in the North Brooklyn Industrial Business Zone would reduce truck traffic through residential streets. Moving the Emergency Response Unit from 65 Commercial Street would also clear the way for the long-planned Box Street Park.
Residents looked forward to weighing in on the project’s affordability commitments. The project enters the city’s Uniform Land Use Review Process in December 2025, and will begin with Community Board 1’s public hearing on January 20. Brooklyn Borough President Antonio Reynoso and the New York City Council will subsequently review the proposal.
We are excited that there is a strong commitment by this developer to have a significant amount of low-income units on-site.
The Greenline 