100% Affordable Caton Avenue Project Will Bring 255 New Units To Flatbush

100% Affordable Caton Avenue Project Will Bring 255 New Units To Flatbush

FLATBUSH – The New York City Economic Development Corporation (EDC) filed construction documents this week for a 255-unit, 100% affordable rental development at 2119 Caton Avenue.

Flatbush Caton Market on the corner of Flatbush and Caton Avenues (via Google Maps)

BRP Companies, Urbane Development, and the Caribbean American Chamber of Commerce and Industry, are collaborating on the project with EDC, The Real Deal reports. The building will feature more than 193,000 square feet of residential space, more than 11,000 square feet of commercial space, and more than 18,000 square feet of community space, New York YIMBY reports.

The apartments will be divided into three levels—22% of the units will be reserved for low-income residents, 30% will be set aside for moderate-income residents, and 48% will be available to middle-income residents, The Real Deal states.

The project, which was approved by the New York City Council in April 2017, will demolish the Flatbush Caton Market currently on the site and rebuild it bigger and better.

Established in 2000, the Flatbush Caton Market is an open-air market managed by the Caribbean American Chamber of Commerce and Industry. The Market offers affordable business spaces to former street vendors as well as business owners working to improve the local community. Flatbush Caton Market is home to more than 40 vendors and provides educational resources to help merchants grow their businesses.

The 2119 Caton Avenue project is expected to be completed by 2020.

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