Hello Neighbor!
240 Nassau is a transformative, community-driven development that will deliver much-needed affordable and senior housing, a new public school and open space, along with a new community facility and cultural center.
Program
240 Nassau is a proposed development located at the intersection of Nassau & Navy Street that will transform an underutilized block into a collection of four buildings and will include market rate and affordable apartments, affordable senior housing, retail, a new public school, community facility, cultural center, and publicly accessible open space.
From Nassau and Navy Street Corner
From Golconda Playground and Concord Street
Site Planning
The site planning strategy at 240 Nassau relies on re-establishing the historic street grid on the block in the form of new, public outdoor space. The extension of Hudson Avenue north-south and a new east-west corridor are inclusive; They break down barriers created by last century's 'super block' planning and welcome our neighbors.
Details
Aerial
The project will deliver:
1,500 rental apartments across three buildings, including approximately 300 affordable homes
Of those 300 affordable homes, approximately 100 will be set aside for seniors in a standalone building
A new state-of-the-art 22,500-square-foot community center, to be run by a to-be-determined operator based on local resident feedback will include tailored programming for neighborhood children, seniors and families
A 15,000-square-foot cultural space, which is currently envisioned as a permanent home for the Cultural Museum of African Art, the Eric Edwards Collection (CMAAEEC), which currently operates in Bedford Stuyvesant Restoration Plaza
28,000 square feet of retail serving the local community
37,000 square feet of new open space, 21,000 square feet of which is publicly accessible
Public Benefit
Spaces
School
Public Space
Cultural
Community Facility
Senior Community Room
Community Engagement
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Since acquiring the site, Alloy has led a comprehensive community engagement process, gathering feedback from more than 1,000 stakeholders. Alloy has held more than 100 meetings with community organizations, nearby NYCHA Tenant Associations, elected officials, and other neighbors to discuss the future of 240 Nassau. Alloy has established a community liaison role, formed a Community Advisory Group, hosted open houses, and conducted workshops to ensure the vision for the site reflects community needs.
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In addition to re-establishing the Boys & Girls Club services, Alloy has provided free space to several local community groups that have conducted free programming at 240 Nassau for residents and local youth. To use the space, please reach out to Liz, our Community Engagement Project Manager at egraham@alloyllc.com.
Background
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240 Nassau Street has been home to the Navy Yard Clubhouse for several decades. Operated by the Madison Square Boys & Girls Club (“Madison”), the Clubhouse served as an important community asset for children and their families in Downtown Brooklyn and Fort Greene, specifically for residents of Farragut, Ingersoll, and Walt Whitman Houses.
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In Summer 2022, Madison was forced into bankruptcy. In the year after, they closed the Navy Yard Clubhouse and needed to sell it. The closure of the clubhouse was a huge loss to the local community and to the dozens of families who relied on the services they provided.
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Alloy Development purchased the property in November 2023, and simultaneously announced a partnership with Madison to keep the Clubhouse open on an interim basis until June 2027. This was made possible in part through a donation of $2M from Alloy to Madison. Operations at the Clubhouse resumed in February 2024. For information on how to enroll your child at the Navy Yard Clubhouse, please contact Stanley J. King (SKing@madisonsquare.org).
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In early 2024, Alloy and GFB Development formed a partnership to develop 240 Nassau. GFB Development was launched in 2024 by 17-year NBA veteran Taj Gibson alongside his lifelong friends Tameek Floyd and Malik Brown. Inspired by their experiences growing up in Ingersoll Houses, they founded the firm to provide stability and safe spaces – including affordable housing and recreational spaces – to historically underserved communities, including in their own neighborhood. Floyd and Brown attended PS 287 and all three were members of the Boys & Girls Club Navy Yard Clubhouse.
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In 2024, the Educational Construction Fund released a Request for Expressions of Interest to develop a new school facility and housing at the site of the current PS287. Alloy responded and was awarded the development in late 2025. The award expanded the development site.
FAQ
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For information on how to enroll your child at the Navy Yard Clubhouse, please contact Stanley J. King (SKing@madisonsquare.org).
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We are gathering the community’s input on what programs will best serve the neighborhood. Please contact us with your ideas!
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We are meeting with various organizations to understand who would be the best fit and are forming a community advisory committee to inform the selection process. If you have any recommendations, please let us know!
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The construction of the building will start in 2028.
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After the 2026-2027 school year, PS 287 will temporarily relocate to PS 67 to allow construction of the new school to start.
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The current Community Roots Middle School will permanently relocate, along with the Community Roots Lower School to PS 369 (The Susan McKinney Secondary School).
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Yes, the superintendent has confirmed that the school will remain zoned for the same district as PS287.
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The cultural center is envisioned as a permanent headquarters for the Cultural Museum of African Art, the Eric Edwards collection, a beloved local collection that currently operates in Bedford Stuyvesant. The new space is envisioned to include gallery, educational and research spaces.
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The project started as a redevelopment of 240 Nassau Street and has since grown in scale to include the redevelopment of PS287 affording more public benefit and a new school.
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The community engagement to date has been invaluable in shaping the project. The community has been key in advocating for the senior housing component of the project as well as defined programmatic priorities for the community facility and outdoor space, identified local retail needs and ensured that the new school remains in the same school zone.
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The New York City Educational Construction Fund (ECF) is a public benefit corporation that was created by the New York State Legislature in 1967 and since that time has constructed projects that added over 18,000 school seats, 4,500 units of housing and 1.2 million square feet of office space in New York City. The mission of ECF is to build safe, secure learning environments and to increase the capacity of the New York City Department of Education by constructing new school facilities.
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Yes. The proposed development will be the subject of public hearings hosted by Community Board 2, the Borough President’s Office, the Department of City Planning and the City Council. All are welcome to attend and share their thoughts on the proposed development.
Alloy Development
At Alloy, we are committed to making Brooklyn beautiful, sustainable, and equitable. As architects and developers, we see opportunity in the diversity and complexity of our urban context, and we use great architecture and thoughtful development to positively impact our built environment.
Over the past 20 years, Alloy has a strong track record of local hiring and community engagement in Brooklyn, most recently as part of its mixed-use Alloy Block project in Downtown Brooklyn, which is under construction and will include the city’s first two Passive House public schools: a new Khalil Gibran International Academy high school and a new public elementary school.
Press
June 27, 2026
Four-Building 240 Nassau Street Complex To Begin ULURP Process Next Month In Vinegar Hill, Brooklyn
Alloy forms joint-venture partnership with GFB Development on 240 Nassau Street
February 5, 2024
November 22, 2023