The Parkline

626 Flatbush Avenue, Brooklyn, NY

626 Flatbush Avenue is a 254-unit, 23-story mixed-income and mixed-use development under construction in Brooklyn’s Prospect Lefferts Gardens neighborhood. The development is located a 5 minute walk to the Q/B express train subway stop at Prospect Park (one stop past Park Slope’s Seventh Avenue), one block from 585-acre Prospect Park, and on one of the busiest commercial avenues in the borough.

Eighty percent (80%) of the units will be rented at market rate and twenty percent (20%) restricted to rents affordable to households earning 40 to 50 percent of the Area Median Income (AMI). All of the building’s residents will have access to the penthouse lounge and roof terrace, private catering kitchen and dining room, gym and yoga room, children’s playroom, screening room, dedicated on-site parking, landscaped inner courtyard, and numerous other building services and amenities. The development will include approximately 4,000 square feet of retail at-grade and approximately 3,000 square feet of community facility on the second floor. The community facility space has been leased to neighborhood institution, The Maple Street School, as an expansion for the pre-school.

The development will add 51 low-income units to the neighborhood. The low-income units, which will include studio, one, two, and three bedroom units, will be restricted long-term to households meeting stringent income requirements. The AMI for this area, as set by the Federal Government in 2015 and recognized by the City and State of New York, to be used for initial lease up of the building, is $86,300 for a family of four. At 40%-50% AMI, the income band for the low-income units is roughly $33,000 – $43,000, before adjusting for household size. For example, a family of four living in a two bedroom apartment under these guidelines will pay less than $950 per month if they earn less than 50% of AMI and less than $750 per month if they earn less than 40% of AMI. The AMI is adjusted annually by the Federal Government and the units are subject to rent stabilization. All of the building services and amenities will be available to the low-income units.

The project is designed and permitted as-of-right pursuant to NYC zoning and building code; it required no exceptions or special approvals for the design. The residential tower will be set back 100 feet from Flatbush Avenue while the commercial portion of the building is low-rise, like the directly adjacent buildings, supporting the continuity of the Flatbush commercial thoroughfare. The choice of a brick façade was also selected with the neighborhood context in mind. A small commercial property was demolished (no residential units were on the site) and commercial uses will be part of the new project.

626 Flatbush is expected to be certified under the U.S. Green Building Council’s Leadership and Energy and Environmental Design (LEED) program and to achieve ENERGY STAR status, insuring that it has met stringent requirements for energy efficiency and environmental sustainability. The project will also feature an on-site Cogeneration power station, which will greatly decrease reliance on the municipal power grid.

Hudson acquired the site with an acquisition loan provided by Enterprise Community Loan Partners and the New York City Acquisition Loan Fund. Construction financing is provided by the New York State Housing Finance Agency and Citibank.
Completion is anticipated in early 2016.

Rental listings are at The Parkline.

Project Summary

  • Approximately 250,000 square feet
  • 254 dwelling units, 20% affordable low income units
  • Poured-in-place construction
  • Design by Marvel Architects
  • Construction management by Lettire Construction
  • Construction financing from New York State Housing Finance Agency and Citibank
  • Acquisition financing from Enterprise Community Loan Fund and the New York City Acquisition Loan Fund

Site design by Naiad Design