Permits & development · Deals & development · 11/01/2026
Three New Residential Projects Advance in Park Slope, Brooklyn
New York YIMBY reported on 11/01/2026 on the progress of three residential developments in Park Slope, Brooklyn. All three are within walking distance of the 4th Avenue-9th Street and Union Street subway stations along 4th Avenue. The feed did not include unit counts, addresses, developers or completion dates.
Reported by New York YIMBYRead the original ↗
What happened
New York YIMBY reported on 11/01/2026 on three residential projects in Park Slope, Brooklyn. All three are within walking distance of the F, G and R trains at the 4th Avenue-9th Street station and the R train at the Union Street station along 4th Avenue.
The largest is The Grand Prospect at 263 Prospect Avenue, near the corner of Prospect and 5th Avenues, on the site of the former Grand Prospect Hall. The five-story, 50-foot-tall building will have 150 rental units in one- to three-bedroom layouts. It was designed by Hill West Architects and developed by Angelo and George Rigas. Work is wrapping up. Landscaping and new sidewalks are in place, and crews are finishing the interiors and front entrance. Planned amenities include a fitness center, golf simulator, lounge and event space, children's playroom, business suite, pet spa, rooftop with grilling stations, bike storage and a parking garage.
At 403-405 5th Avenue, at the corner of 7th Street, demolition is ramping up for a five-story mixed-use building designed by DXA Studio. It will have 12 apartments, amenities and ground-floor retail. Crews are gutting the existing low-rise buildings behind a sidewalk shed. Completion is estimated for the spring of 2028.
At the corner of 6th Avenue and 2nd Street, demolition is complete on the 7,200-square-foot former site of the St. Matthew Evangelical English Lutheran Church. Five four-story townhouses are planned, to be addressed as 300, 302, 304 and 306 6th Avenue and 435 2nd Street. Each will span 2,900 square feet with a cellar. The Brooklyn Home Company and MESH Architectures are designing them. Excavators are on site, but earthwork has not begun, and no timeline has been released.
Key facts
- Date reported
- 11/01/2026, New York YIMBY
- Largest project
- The Grand Prospect, 263 Prospect Avenue
- Units at 263 Prospect Ave
- 150 rentals, one to three bedrooms
- Developer, 263 Prospect Ave
- Angelo and George Rigas; architect Hill West Architects
- 403-405 5th Avenue
- 12 apartments plus ground-floor retail; architect DXA Studio
- Estimated completion, 403-405 5th Ave
- Spring of 2028
- Townhouse addresses
- 300, 302, 304 and 306 6th Avenue and 435 2nd Street
- Townhouse size
- Five four-story homes, 2,900 square feet each, on a 7,200-square-foot lot
What it means
Tenants and voucher holders
The Grand Prospect will add 150 rental units near several subway lines, and work is nearly done. The report does not say what rents will be or whether any units are income-restricted.
Landlords
Owners of rentals in Park Slope may soon see 150 new amenity-heavy units competing for tenants nearby. Twelve more apartments are expected at 403-405 5th Avenue, with completion estimated for the spring of 2028.
Caseworkers
Nothing in the report says any of these units are affordable or set aside for voucher holders. Clients interested in The Grand Prospect would need to watch for its leasing details.
The highlights
- All three sites are near the 4th Avenue-9th Street station on the F, G and R trains.
- The R train also serves the projects at the Union Street station on 4th Avenue.
Why it matters Landlords
New rental supply near 4th Avenue transit could add competition for Park Slope landlords and new options for renters.
What to do: Watch for unit counts and lease-up dates on these 4th Avenue projects.
Not known yet
- Asking rents and whether any units at The Grand Prospect are affordable or offered through a lottery
- When leasing at 263 Prospect Avenue will begin
- Whether the 6th Avenue townhouses will be sold or rented, and at what prices
- Construction timeline for the 6th Avenue and 2nd Street townhouses
Background
In New York City, new buildings that include income-restricted units usually market them through the city's Housing Connect lottery, with income limits and rents posted in the listing. Market-rate buildings lease directly through the owner or a broker. Under the NYC Human Rights Law, landlords and brokers generally may not refuse an applicant because they pay rent with a housing voucher such as Section 8 or CityFHEPS.
Buildings in this story
- 435 2nd Street · building facts and open city records
- 306 6th Avenue · building facts and open city records
- 403-405 5th Avenue · building facts and open city records
- 263 Prospect Avenue · building facts and open city records
Summary written by Bulwark from New York YIMBY’s reporting; the original article was not fully available, so check the source for details. The original story is at newyorkyimby.com. This is general information, not legal advice.
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