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Multifamily

Mar 25, 2026

Simon Kaufman Advances Affordable Housing Conversion at 400 Thatford Avenue in Brooklyn

Simon Kaufman Advances Affordable Housing Conversion at 400 Thatford Avenue in Brooklyn

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2 min read
  • Affordable housing lottery launches for a 70-unit conversion in Brownsville
  • Project developed by Simon Kaufman and designed by Baobab Architects
  • Units target residents earning 40 to 100 percent of the area median income

What the Conversion Means for Brownsville Housing Supply

The launch of the housing lottery at 400 Thatford Avenue marks the delivery phase of a smaller-scale but meaningful residential conversion in Brownsville. The three-story property has been redeveloped into 70 apartments, adding incremental supply in a neighborhood that continues to see steady demand for affordable housing. Unlike ground-up construction, this project reflects a conversion strategy, which often allows developers to bring units online faster while keeping costs relatively controlled. In this case, it contributes to the city’s broader effort to expand income-restricted housing across outer borough neighborhoods.

What Simon Kaufman’s Role Signals for Development Strategy

Developer Simon Kaufman is leading the project, with design handled by Baobab Architects. While not a large institutional build, this type of project highlights how smaller developers continue to play a key role in delivering affordable housing across Brooklyn. Conversion projects like this typically involve repositioning existing structures into compliant residential use, which can be more efficient than new construction in certain zoning and cost environments. It also shows continued activity from private developers working alongside public housing programs.

What Unit Pricing Means for Renters

The lottery includes 17 income-restricted units available through NYC Housing Connect, targeting households earning between 40 and 100 percent of the area median income. Studios are priced across a wide range depending on income eligibility, starting below $1,000 per month at the lowest tier and exceeding $2,600 at the higher end. This spread reflects the city’s tiered affordability model, which aims to serve multiple income brackets within a single project. Apartments include modern finishes, in-unit washers and dryers, and air conditioning, aligning with current renter expectations even in income-restricted housing.

What Amenities and Design Mean for Tenant Appeal

The building offers a focused set of amenities, including bike storage and a shared laundry room. While not a luxury product, the inclusion of modern appliances and finishes positions the units competitively within the affordable housing segment. Tenants will be responsible for utilities, including electricity and heat, which is typical for this type of development and should be factored into total housing costs.

What the Lottery Timeline Means for Applicants

Applications for the affordable units must be submitted by April 10, 2026. Prospective renters must meet both income and household size requirements to qualify. Projects like this often see strong demand due to limited supply and relatively lower rents compared to market rate units. As a result, applicants should expect a competitive process through the NYC Housing Connect system.

#New York#Multifamily#Development Site#Residential
Published: Mar 25, 2026Last updated: March 27, 2026