Sheepshead Bay

Financing has closed for the $607 million comprehensive modernization of Nostrand Houses, a 16-building public housing development at 2241 Batchelder Street in Sheepshead Bay, Brooklyn. Led by the New York City Housing Authority, the New York City Public Housing Preservation Trust, and the New York City Housing Development Corporation, the project will fully rehabilitate 1,148 apartments and modernize building systems across the development for approximately 2,000 residents. The scope also includes new elevators, upgraded security systems, enhanced accessibility, and a new on-site property management office staffed by more than 40 personnel.

The affordable housing lottery has launched for 2892 Nostrand Avenue, a nine-story residential building in Sheepshead Bay, Brooklyn. Designed by Archimaera Architecture and developed by Igor Vaysman under Mike Rose Realty LLC, the structure yields 32 residences. Available on NYC Housing Connect are 20 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $42,343 to $227,500.

The New York City Public Housing Preservation Trust has selected Community Modernization Group (CMG), a joint venture led by SLSCO LP, as the design-build team for a $400 million renovation of the Nostrand Houses, an affordable housing development located at 2241 Batchelder Street in Sheepshead Bay, Brooklyn. Approved by the Trust Board on July 8, the project will modernize 1,148 apartments across 16 buildings, benefiting the development’s 2,213 residents.