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Monitor Point just cleared the City Council: 662 of its 1,324 new Greenpoint waterfront apartments will be permanently affordable

The NYC Council approved Monitor Point, a 1,324-unit mixed-income complex on Greenpoint’s waterfront, with 662 permanently affordable homes after Lincoln Restler reversed his opposition.

Monitor Point just cleared the City Council: 662 of its 1,324 new Greenpoint waterfront apartments will be permanently affordable

The NYC Council approved Monitor Point, a 1,324-unit mixed-income complex on Greenpoint’s waterfront, with 662 permanently affordable homes after Lincoln Restler reversed his opposition.

The New York City Council has approved Monitor Point, a 1,324-home mixed-income complex at 40 and 56 Quay Street on the Greenpoint waterfront, with exactly half of its units set aside as permanently affordable, according to New York YIMBY. Of the 1,324 total homes, 662 will be permanently affordable.

Council Member Lincoln Restler had opposed Monitor Point until the Gotham Organization agreed to boost…

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Filed underaffordable housing / Brooklyn / Bushwick Inlet / Gotham Organization / Greenpoint / Lincoln Restler / Monitor Point

Bushwick Daily News Desk. Neighborhood news, politics, real estate, and business coverage produced by the Bushwick Daily newsroom.

Produced by Bushwick Daily News Desk

Neighborhood news, politics, real estate, and business coverage produced by the Bushwick Daily newsroom.

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