The Coney Island Phase III project involves the sale and tax exemption for properties at 1709 Surf Avenue, Brooklyn, under Article XI. The site will accommodate approximately 419 affordable housing units, including one unit for a superintendent, with mixed-use spaces for retail and community facilities. The project aligns with the city’s housing goals to address the needs of low-income and formerly homeless residents.
The project supports the development of critical affordable housing units in Brooklyn, addressing both community facility needs and economic development objectives in the Coney Island area.