Coney Island booms with new all-affordable housing tower near famed Parachute Jump

Coney Island booms with new all-affordable housing tower near famed Parachute Jump

Mayor Eric Adams on Monday helped break ground on an all-affordable apartment tower in the shadow of Coney Island’s famed Parachute Jump – the latest in the area’s sizzling real estate development.

Coney Island Adds Affordable Housing

BFC Partners, a Brooklyn-based real estate firm, started construction on Coney Phase III, which will add 420 affordable housing units on Surf Avenue.

Third tower breaks ground in Coney Island’s affordable housing boom • Brooklyn Paper

Three’s a charm? After two apartment buildings housing nearly 2,000 residents went up nearby, Brooklyn-based BFC Partners broke ground today on a third Coney Island building that would house another 1,500 residents. The company, which completed Coney I three years ago and Coney II about a year ago, is developing a three-block strip of Surf Avenue across from Maimonides Park, where the Brooklyn Cyclones play. The 12-story building at 1709 Surf Av…