26-0355

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: First Amendment to the Agreement for the Sale and Redevelopment of Land to DCF Developers, LLC to change the property description to the new construction of four (4) three-family homes to provide twelve (12) three-bedroom units of which two (2) units shall be restricted to tenants at 80% Area Median Income (“AMI”), one (1) units shall be restricted to tenants at 60% AMI and the other nine (9) units will be market rate. Entity Name: DCF Developers, LLC Entity Address: 162 South 8th Street, Apartment 3, Brooklyn, New York 11211 Sale Amount: $131,040.00 Cost Basis: (X) $13.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $158,600.00 Appraised Amount: N/A Contract Period: To commence within three (3) months and be completed within twenty-four (24) months from the transfer of ownership by the City Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 233 South 10th Street/Block 1814/Lot 29/West Ward 235 South 10th Street/Block 1814/Lot 30/West Ward 476 Avon Avenue/Block 2643/Lot 7/South Ward 474 Avon Avenue/Block 2643/Lot 8/South Ward Additional Information: Resolution 7R2-d adopted on November 7, 2024, authorized the Private Sale/Redevelopment pursuant to the Agreement for the Sale and Redevelopment of Land. This Resolution authorizes a First Amendment to the Agreement for the Sale and Redevelopment of Land to change the Scope of Project due to a removal of one of the properties from the Preliminary Designation Letter.

Resolution Adopted Introduced March 16, 2026

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