395 Flatbush Avenue

The largest delivery of affordable housing units in brooklyn community district 2 in the last decade.

DOWNTOWN BROOKLYN • PRIVATE-PUBLIC DEVELOPMENT • 1,263 MIXED-INCOME RENTAL UNITS

325 PERMANENTLY AFFORDABLE UNITS FOR VERY LOW TO MODERATE-INCOME HOUSEHOLDS

130 PERMANENTLY AFFORDABLE UNITS FOR VERY LOW-INCOME HOUSEHOLDS

DOWNTOWN BROOKLYN

PRIVATE-PUBLIC DEVELOPMENT

1,263 MIXED-INCOME RENTAL UNITS

325 PERMANENTLY AFFORDABLE UNITS FOR VERY LOW TO MODERATE-INCOME HOUSEHOLDS

130 PERMANENTLY AFFORDABLE UNITS FOR VERY LOW-INCOME HOUSEHOLDS

Binyan Studios

About The Property

395 Flatbush Avenue Extension is a ~50k SF, full-block site in the heart of Downtown Brooklyn. The site is a transit-rich location surrounded by multiple demand drivers, making it ideal for a large-scale, mixed-use, mixed-income development project meeting the needs of the local community.

Public Benefits

HOUSING CREATION

Total Units Created

~1,263

Transit-rich mixed-income housing units

Total Affordable Units

~325

permanently affordable units for Very Low- to Moderate-Income households

Very Low-Income Units

~130

permanently affordable units for Very Low-Income Households

PUBLIC REALM & COMMUNITY SPACE

Public Realm Improvements

~10k SF

Streetscape and public infrastructure improvements

Retail Space

~128k SF

Retail space, Including subsidized community uses

Commercial Space

~81k SF

Commercial and/or community uses

SUSTAINABILITY & DEI

Environmental Goals

100% Electric

Target certifications include Passive House, EGCC, LEED, WELL Fitwel

MWBE Utilization Goal

~25%

MWBE and local hiring for construction and permanent labor

Living Wage Labor Standards

485x Zone B

Construction labor standards and building operations

$0

City Subsidy Required

ULURP Timeline

January 2025
Community Outreach Begins
April 2, 2025
Brooklyn Community Board 2 Pre - ULURP Briefing #1
June 4, 2025
Brooklyn Community Board 2 Pre - ULURP Briefing #2
June 5, 2025
EIS Public Scoping Hearing
August 11, 2025
Certification into ULURP
September 3, 2025
Brooklyn Community Board 2 Land Use Committee Public Hearing
September 17, 2025
Brooklyn Community Board 2 Full Board Vote
October 15, 2025
Brooklyn Borough President Public Hearing
November 2025 – January 2026
City Planning Commission Review & Public Hearing
January – March 2026
City Council Review & Public Hearing
Spring 2026
Anticipated ULURP Approval

For more information on the proposed redevelopment of 395 Flatbush Avenue Extension, visit Final Scope and Draft EIS

All of the above information is based on the proposed project that is currently under ULURP Review.

Press Inquiry