{"id":896481,"date":"2026-06-27T12:57:58","date_gmt":"2026-06-27T12:57:58","guid":{"rendered":"https:\/\/www.europesays.com\/us\/896481\/"},"modified":"2026-06-27T12:57:58","modified_gmt":"2026-06-27T12:57:58","slug":"monitor-point-approved-by-council-committee-after-affordable-housing-negotiations-brooklyn-paper","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/896481\/","title":{"rendered":"Monitor Point approved by Council committee after affordable housing negotiations \u2022 Brooklyn Paper"},"content":{"rendered":"

Council Member Lincoln Restler threw his support behind the controversial Monitor Point project on Thursday after developers agreed to add additional affordable units during last-minute negotiations.<\/p>\n

The high-rise development is proposed for an MTA-owned site at 40 Quay St., just north of Bushwick Inlet Park.\u00a0\n<\/p>\n

Last month, Restler said<\/a> he would not approve the project unless it included majority affordable housing and an \u201cironclad\u201d commitment to finishing the long-delayed Bushwick Inlet Park. The project has proved controversial in the neighborhood \u2014 opponents worried it would only drive up rents and threaten the delicate ecosystems at the park, while supporters said it would provide much-needed affordable housing and union jobs.\u00a0<\/p>\n

\"lincolnRestler said he reached a final agreement with developers and the MTA moments before arriving at the Council hearing. Photo courtesy of John McCarten\/NYC Council Media Unit<\/p>\n

Negotiations<\/a> came down to the wire, Restler said, and a final agreement was reached \u201cmoments\u201d before he arrived at a June 25 meeting of the City Council\u2019s Subcommittee on Zoning and Franchises.<\/p>\n

Developer the Gotham Organization had originally proposed 1,150 total units, with 400 affordable apartments priced between 40-80% of the Area Median Income<\/a>.<\/p>\n

Now, the project has grown by 174 units, for a total of 1,324 apartments. Half of those units, 662, will be affordable, Restler said. About half will be \u201cdeeply\u201d affordable, he said. A family of three earning $76,350 per year would be able to rent a two-bedroom for $1,822 per month, he said or 50% AMI.\u00a0<\/p>\n

Another 172 units will be affordable for \u201cmoderate income,\u201d or between 80-120% AMI, he said. In that range, monthly rent for a two-bedroom would fall between $2,916-$4,374. (Market-rate units in the building are expected to start at around $4,000 for studios and rise up to $9,500 for three-bedrooms.)<\/p>\n

\"monitorThe project will include three high-rise towers along the East River. Image courtesy of Gotham Organization\/City Planning Commission<\/p>\n

The rest of the units will be designated as senior affordable housing \u2014 with rents starting around $911 for a one-bedroom.\u00a0<\/p>\n

\u201cAnd, this was very important to me personally, 110 units will be supportive housing,\u201d Restler said. \u201cThat\u2019s deeply affordable housing for formerly homeless individuals with onsite services to ensure that we are actually meeting the moment of our homelessness crisis.\u201d<\/p>\n

As for Bushwick Inlet Park \u2014 which sits directly south of the proposed Monitor Point site and is only partially completed 20 years after it was first promised by the city \u2014 Mayor Zohran Mamdani \u201ctold me he that he is committed to fulfilling the promise of this park and completing Bushwick Inlet Park,\u201d Restler said.\u00a0<\/p>\n

\"restlerRestler (far left) and Mamdani in an uncompleted section of Bushwick Inlet Park. Restler said the mayor has committed to completing Bushwick Inlet Park. File photo courtesy of Eliza Relman\/Office of Council Member Lincoln Restler<\/p>\n

The project was approved unanimously by both the Subcommittee on Zoning and Franchises and the Land Use Committee on Thursday.<\/p>\n

Having received Restler\u2019s support, the project is likely to pass the full City Council without issue.\u00a0\n<\/p>\n

Monitor Point came out of an MTA gambit to raise revenue by leasing the waterfront site to a developer, who would also pay to relocate the existing wash site. Gotham is expected to pay the MTA about $39 million over the first 25 years of the lease, and will also fund the relocation of the MTA\u2019s Emergency Response Unit, which currently sits on the site of the soon-to-be-built Box Street Park.\u00a0<\/p>\n

\"bushwickA recently-finished section Bushwick Inlet Park, with the existing low-slung MTA facility \u2014 which would be replaced by Monitor Point \u2014 at lower right. File photo by Kirstyn Brendlen<\/p>\n

The project will also include a publicly-accessible waterfront esplanade, shoreline resiliency efforts, affordable space for local nonprofits and a new permanent home for the Greenpoint Monitor Museum. Gotham has said it will also donate $300,000 to maintaining Bushwick Inlet Park each year.<\/p>\n

\u201cWe look forward to the full City Council vote and continuing to work with the community as Monitor Point moves closer to reality on a true public-private partnership,\u201d a Gotham spokesperson said. \u201cWe would not have reached this important milestone without the support of the Mamdani administration, Speaker Menin, Council Member Restler, HPD, the MTA, the Governor\u2019s office, and the many community partners.\u201d<\/p>\n

Advocates with Save The Inlet, which opposed the project, said that while they appreciated the increase in affordable housing, they were not happy to see the project get approval.\n<\/p>\n

Monitor Point will sit within a FEMA Special Flood Hazard zone, they said, and in a critical migratory bird corridor. Advocates have long voiced concern that the massive towers will overshadow the park and make the small inlet section of the park that borders Monitor Point \u2014 which opened to the public in April<\/a> \u2014 feel like a \u201cfront yard\u201d rather than a public park.\u00a0<\/p>\n

\u201cBushwick Inlet was always meant to be a place where nature, recreation, and resilience could thrive together,\u201d Save the Inlet said in a statement. \u201cIt should not become another example of public waterfront sacrificed to oversized private development.\u201d<\/p>\n

Restler said he first heard about the project five years ago, shortly after he won the primary election in Council District 33, and recalled \u201cscreaming on the phone\u201d to an MTA representative. The amendments made to the project were the direct result of concerns raised by the community, he said.\u00a0<\/p>\n

\"monitorA rendering of the proposed public greenspace at Monitor Point. Image courtesy of Monitor Point<\/p>\n

\u201cI thought this project was a total nonstarter, and it\u2019s come an extraordinarily long way. And I am pleased today to express my support for the amended proposal for the majority-affordable housing development known as 40 Quay Street,\u201d he said. \u201cI\u2019ve been clear over these five years that any development of this publicly-owned land must be primarily in the public interest.\u201d<\/p>\n

The MTA will utilize the funds it receives from the lease to make the Nassau Avenue G train station ADA-accessible, according to an agency spox. Restler told Brooklyn Paper that he wanted revenue generated by the project to be re-invested in the community.\u00a0<\/p>\n

\u201cTransit-oriented development like Monitor Point is a win-win for our riders and our neighborhoods,\u201d said MTA Construction & Development President Jamie Torres-Springer, in a statement. \u201cWe are thrilled to have partnered with Gotham, the City and State of New York, and the City Council to deliver hundreds of units of affordable housing, new open space, and a restored waterfront while advancing our core transit mission through improved facilities and capital funding.\u201d<\/p>\n

Update 6\/26\/26: This story has been updated with comment from Save The Inlet.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Council Member Lincoln Restler threw his support behind the controversial Monitor Point project on Thursday after developers agreed…\n","protected":false},"author":3,"featured_media":896482,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5122],"tags":[363279,852,5229,363280,1121,363281,363282,5310,21058,363283,2556,746,363284,363285,22876,363286,363287,7065,82543,363288,149604,5708,221265,66835,363289,9904,405,403,50,2295,5226,5225,5228,5227,5312,363290,363291,228369,67,586,132,5230,68,2969],"class_list":["post-896481","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-40-quay-st","tag-affordable-housing","tag-america","tag-box-street-park","tag-brooklyn","tag-bryan-kelly","tag-bushwick-inlet-park","tag-city-council","tag-city-council-vote","tag-council-member-lincoln-restler","tag-development","tag-environment","tag-friends-of-bushwick-inlet-park","tag-gotham-organization","tag-greenpoint","tag-greenpoint-monitor-museum","tag-greenspaces","tag-housing","tag-jamie-torres-springer","tag-land-use-committee","tag-lincoln-restler","tag-mamdani","tag-mayor-zohran-mamdani","tag-metropolitan-transportation-authority","tag-monitor-point","tag-mta","tag-new-york","tag-new-york-city","tag-news","tag-newsletter","tag-newyork","tag-newyorkcity","tag-ny","tag-nyc","tag-parks","tag-save-the-inlet","tag-subcommittee-on-zoning-and-franchises","tag-supportive-housing","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/896481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=896481"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/896481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/896482"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=896481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=896481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=896481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}