Deals & development · 10/30/2026
Prolific Bronx developer proposes 96-unit Brooklyn building
Developer Steven Westreich, known for 99-unit projects in the Bronx, has proposed a 96-unit building at 488 Leonard St. in Greenpoint, Brooklyn. Crain's New York reported the plan on 10/30/2026. The article does not give a timeline, an affordability mix or permit status.
Reported by Crain's New YorkRead the original ↗
What happened
Developer Steven Westreich has proposed a 96-unit building at 488 Leonard St. in Greenpoint, Brooklyn. Crain's New York reported the plan on 10/30/2026.
Westreich is well known for building 99-unit projects in the Bronx. The Greenpoint proposal would be a project of similar size in a new borough for him.
The report does not say how many units would be affordable, what rents would be, or when construction would start.
Key facts
- Address
- 488 Leonard St., Greenpoint, Brooklyn
- Units
- 96
- Developer
- Steven Westreich
- Developer's track record
- Known for building 99-unit projects in the Bronx
- Source
- Crain's New York
- Date reported
- 10/30/2026
What it means
Landlords
A new 96-unit rental project could add supply in Greenpoint. Nearby owners may want to watch how it is priced once details are public.
Tenants and voucher holders
It is not yet known whether any units will be affordable or open through a lottery. Check official listings before assuming apartments will be available.
Caseworkers
No affordability or voucher details have been reported. Keep the address on a watch list in case affordable units are later offered.
The highlights
- The developer is Steven Westreich.
- The project would rise at 488 Leonard St. in Greenpoint.
- Westreich is known for building 99-unit projects in the Bronx.
Why it matters Landlords
A new 96-unit building would add rental supply in Greenpoint and may bring competition for nearby landlords.
What to do: Watch DOB filings for 488 Leonard St. for permit and unit details.
Not known yet
- Whether any units will be affordable, and at what income levels
- Expected rents and unit mix
- Construction start and completion dates
- Whether permits have been filed or approved
Background
New residential buildings in New York City need plans approved and permits issued by the Department of Buildings before construction begins. When a new building includes income-restricted affordable units, those apartments are usually offered through the city's Housing Connect lottery, which HPD oversees. Applicants must meet the income limits set for each unit. Details on rents and eligibility are posted when the lottery opens, often close to when the building is finished.
Buildings in this story
- 488 Leonard St · building facts and open city records
Summary written by Bulwark from Crain's New York’s reporting. The original story is at crainsnewyork.com. This is general information, not legal advice.
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Photo: Andre Carrotflower, CC BY-SA 4.0