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Amendment to Disposition and Project Summary for Brook 156 Affordable Housing Development in the Bronx

  • When: 2025/03/26
  • Address: 740 Brook Avenue, Bronx, NY
  • City: New York
  • State: NY
  • Category: Project Amendments
  • Subcategory: Development Plan Amendment
  • Asset Class: Multifamily
  • Property Type: Affordable Housing
  • Size: Portion of Lots 1301–1302 on Block 2360 in Community District 1

On March 26, 2025, the New York City Council adopted an amendment to the previously approved disposition and project summary for the Brook 156 affordable housing site. Located at 740 Brook Avenue in the Bronx, the site includes portions of Lots 1301 and 1302 on Block 2360. The amendment, submitted by the Department of Housing Preservation and Development (HPD), modifies aspects of the original development plan under the authority of Section 576-a(2) of the Private Housing Finance Law. The approval facilitates the refinement of HPD’s affordable housing strategy for the site, allowing necessary adjustments in the financing, construction, or layout of the project while maintaining its overall affordable housing purpose. This action impacts Community District 1 and aligns with broader goals to support the city’s affordable housing initiatives.

Why it Matters

This amendment allows critical updates to be made to an already approved affordable housing project, ensuring that development can proceed smoothly while adapting to practical constraints or opportunities. It represents HPD’s commitment to delivering long-term affordable housing in the Bronx.

Source

Applicant - New York City Department of Housing Preservation and Development (HPD)


Ownership - New York City Department of Housing Preservation and Development (HPD)


Allowed Uses: Affordable residential development including multifamily rental housing as authorized under Section 576-a(2) of the Private Housing Finance Law

Density: R7A district regulations permit up to 4.0 FAR under the Inclusionary Housing Program, as per ZR §23-90 and §23-952

Minimum Lot Size: Minimum lot area of 1,700 sq ft per ZR §23-32 for residential buildings in R7A

Maximum Building Height: 85 feet with base height between 40 and 65 feet, following Quality Housing regulations in R7A districts (ZR §23-633)

Lot Coverage: Up to 65% for corner lots and 60% for interior lots under Quality Housing Program in R7A (ZR §23-15)

Previous Zoning: R7A Residential District