737 4TH AVENUE
Construction is now underway on our 193,000-square-foot development at 737 4th Avenue that will deliver 187 residential units to the Sunset Park neighborhood of Brooklyn. A total of 46 units will be permanently affordable at an average of 48% of area median income (AMI), one of the lowest AMI averages achieved in the last five years in Brooklyn.
Beyond new housing, the development includes a Community Benefits Agreement signed with area community-based organizations including Fifth Avenue Committee. This agreement will ensure lasting benefits for the neighborhood, such as local jobs, M/WBE contracting, and green infrastructure improvements.
Other community benefits include 6,200 square feet of ground floor retail space, a commitment to set aside space within the building to facilitate future ADA elevator access by the MTA at the 25th Street 'R' train, and publicly accessible bike parking, with local bicycle delivery people having preference for spaces.
“We believe this is a new model for MIH and sets a new bar for what’s expected of developers. Totem, from day one, has really demonstrated their commitment to work within the community to try to address their desires and concerns.”
— Michelle de la Uz, Executive Director, Fifth Avenue Committee
“This project can bring in the types of jobs that can improve people’s lives and provide more units of affordable housing in our community. Opportunities like these lift up our neighborhoods; they help us move one step closer to an economy that works for the working people.”
— Thomas LaGotta, Sunset Park resident and 32BJ member