Construction Start

June 2007

Occupancy Date

January 2009 (anticipated)

Number of Units

64 apartment
1, 2 and 3 Bedrooms

Building Size

74,000 Square Feet
7 Floors

Development Cost

$16.6 Million

Capital Financing

NYC HPD Cornerstone Program

DHCR Low Income Housing Credits

DHCR State Low Income Housing
Credits

JPMorgan Chase Bank

Nonprofit Partner

NY ACORN Housing Company, Inc.

Architect

Peter L. Woll Architect, PC

Contractor

HLS Builders Corp.

The Rockaway will provide affordable rental housing on former city-owned land in the Brownsville section of Brooklyn. The project has been designed to serve a wide-range of income tiers to provide as many housing options as possible to the changing community. Additionally, over 80% of the units are two and three bedrooms to meet the housing needs of the area’s larger families. Eight units will be set aside for formerly homeless families who will receive support services from co-developer New York ACORN Housing Company, Inc. The site is well served by transportation and is located a half block from the subway.

Rendering

Rear Garden/Play Area

First Floor Plan

Typical Three Bedroom Unit

Site Before Construction