Affordable Housing Project Breaks Ground in Cypress Hills

• A new affordable housing development is underway at 570 Eldert Lane in Cypress Hills, Brooklyn.
• The project will include 213 affordable apartments and 10,000 square feet of community space.
• Completion is expected in mid-2028, with units reserved for low-income and formerly homeless residents.

What the 570 Eldert Lane Project Includes

Developers have officially broken ground on a major affordable housing project next to the Grant Avenue A train station in Cypress Hills, Brooklyn. The development at 570 Eldert Lane is being led by Thorobird Companies and Slate Property Group in partnership with Bangladeshi American Community Development & Youth Services and Goldman Sachs. The project will total roughly 196,000 square feet and deliver 213 affordable housing units. Plans also include 10,000 square feet dedicated to community-focused programming and services. Support services for residents will be provided by Urban Pathways, which works with vulnerable and formerly homeless New Yorkers.

What the Affordable Housing Units Will Offer

The apartments are being designed for a mix of households earning between 40 and 80 percent of the area's median income. A portion of the units will also be reserved for formerly homeless residents. Developers said the building will feature a range of layouts, including studio, one-bedroom, two-bedroom, three-bedroom, and four-bedroom apartments. That mix is intended to serve both individuals and larger families in a neighborhood where affordable housing options remain limited. Community leaders involved with the project emphasized the importance of creating culturally responsive spaces for local Bangladeshi American families and residents in the area.

What Community Space Will Mean for Residents

Beyond housing, the project is also focused on neighborhood support services and gathering space. The community facility will host programming tailored to residents, including family support resources and community-based services. Leaders from Bangladeshi American Community Development & Youth Services said feedback from residents played a major role in shaping the project. The goal is not only to provide affordable apartments, but also to strengthen long-term neighborhood infrastructure and support systems. That broader community approach has become increasingly common in affordable housing projects across New York City, especially developments tied to supportive housing initiatives.

What This Project Says About Brooklyn Development Trends

Affordable housing construction continues to be a major priority across Brooklyn as developers and city agencies work to address ongoing housing shortages and rising rents. Projects near transit hubs, like 570 Eldert Lane, remain especially attractive because they provide residents with easier access to jobs, schools, and city services. The location next to the Grant Avenue subway station could also help drive additional investment throughout the surrounding Cypress Hills neighborhood over the next several years. The full development is expected to cost approximately $160 million, with construction scheduled for completion in mid-2028.