The application N 240132 ZRK, submitted by Ford Coyle Properties Inc., seeks to amend the Zoning Resolution of the City of New York by modifying Appendix F to establish a new Mandatory Inclusionary Housing (MIH) area. The rezoning will facilitate the development of a nine-story, approximately 112,000 square-foot mixed-use building at 3033 Avenue V in the Sheepshead Bay neighborhood of Brooklyn. The building will feature 109 dwelling units, with 27 to 33 units designated as permanently income-restricted under the MIH program, as well as 13,650 square feet of ground-floor retail space. This development aims to provide a mix of affordable and market-rate housing, along with commercial opportunities, to support the community's growth.
This rezoning is crucial for promoting affordable housing and supporting mixed-use development in the Sheepshead Bay area of Brooklyn. It aligns with citywide goals to increase housing options and foster economic development while ensuring long-term affordability through the MIH program.