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![\"hochul](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/02\/55088970064_e7b127f1bf_k.jpg\" "\\"State")
Gov. Kathy Hochul said the project would deliver much-needed resources to the nabe. Photo courtesy of Susan Watts\/Office of Governor Kathy Hochul\n<\/p>\nA long-empty state-owned property in Clinton Hill is finally set to be turned into a mixed-use affordable housing development.\n<\/p>\n
The state has selected a coalition of three nonprofit organizations \u2014 the Fifth Avenue Committee, the Bedford-Stuyvesant Restoration Corporation and One Brooklyn Health \u2013 to spearhead the transformation of 1024 Fulton St.<\/p>\n
The plan is to demolish the existing three-story building to make way for 149,000-square-foot development with 125 affordable units, a community center with programming for seniors and children, and a health clinic operated by OBH.\u00a0<\/p>\n
Gov. Kathy Hochul in a statement said the project \u201cresponds directly\u201d to the requests of Clinton Hill residents.\u00a0
\nGov. Kathy Hochul said the project would deliver much-needed resources to the nabe. Photo courtesy of Susan Watts\/Office of Governor Kathy Hochul\n<\/p>\n
\u201cNew York is proving that when we leverage state-owned land and listen to communities, we can build the affordable housing that our neighborhoods and our state needs,\u201d she said. \u201c \u2026 This is community-driven development at its best, and it\u2019s exactly the kind of investment we need to address our housing crisis.\u201d<\/p>\n
Apartments will range in size from studios to three bedrooms, and will be priced for those earning 30-80% of the Area Median Income<\/a> \u2014 or $43,740-$116,640 annually for a family of three. At those levels, studios would be priced between $840-$2,268 per month, with three bedrooms at $1,263-$3,370.\u00a0<\/p>\n More than 40% of households in Community District 2 \u2014 which includes Clinton Hill, Fort Greene and Downtown Brooklyn \u2014 are considered<\/a> \u201crent-burdened,\u201d meaning they pay more than 30% of their monthly income on rent. Another 20% are \u201cseverely rent-burdened.\u201d<\/p>\n Just over 23% of apartments in the district are affordable for people earning between 30-80% AMI. Median gross rents in the area have skyrocketed in the last decade, according to the NYU Furman Center<\/a>, from $2,230 in 2015 to $3,080 in 2023.\u00a0<\/p>\n Once a Brooklyn Union Gas showroom, 1024 Fulton St. has been vacant for decades. The state purchased the property in 1997, intending to build a community center, but structural issues made the project impossible.\u00a0<\/p>\n Other efforts to sell the building have failed or been thwarted \u2014 the building was set to be auctioned off in 2014, but then-Assembly Member Walter Mosley stepped in to have it sold to a specific nonprofit instead. But that sale fell through<\/a>, too.\u00a0<\/p>\n The state began hosting community meetings about the future of the property in 2024. Last spring, it issued a request for proposals<\/a> seeking developers to demolish the building and construct the new project.<\/p>\n APEX Building Group and Henge Development will work with the nonprofits on construction and development of the more than $111 million project. The state\u2019s Office of General Services will assist with the demolition, which must still undergo public review and comment before being finalized.\u00a0<\/p>\n![\"1024](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-13-at-3.55.57-PM.jpg\" "\\"State")
1024 Fulton St. has been vacant for decades.Photo courtesy of Google Maps\/Graphic by Kirstyn Brendlen<\/p>\n