Half affordable: New York backs 1,324-home Monitor Point rezoning

The modified land-use decision

New York City Council approved the modified Monitor Point land-use application on 16 July 2026, advancing the redevelopment of waterfront land around Quay Street in Greenpoint, Brooklyn.

The scheme provides for approximately 1,324 homes, with half designated affordable through Mandatory Inclusionary Housing and an agreement framework with the city’s housing department. A new home for the Greenpoint Monitor Museum and publicly accessible outdoor space form part of the package.

Council changes expanded the waterfront public space and allowed a larger building devoted entirely to affordable housing. The applicant team also committed to US$300,000 a year for the long-term upkeep of Bushwick Inlet Park and to relocating two Metropolitan Transportation Authority facilities.

Gotham Organization was selected in 2021 to redevelop the MTA’s 40 Quay Street property. The zoning-map application names GoQuay LLC and the MTA as applicants, with changes replacing industrial zoning across parts of the site with residential districts and a commercial overlay.

The final Council vote followed modifications adopted on 30 June and referral back to the City Planning Commission. It is a land-use approval: the decision record does not itself establish a building permit or confirm that construction has begun.