Brookhaven Industrial Development Agency closes on benefits package for proposed 262-unit apartment complex

Patchogue, NY Frederick Braun III, chairman of the town of Brookhaven Industrial Development Agency (IDA) said that the IDA has closed on a package of economic incentives for a proposed 262-unit four-story rental apartment complex that included affordable and workforce housing. 

The benefits package for 214 Main Owner, LLC, of Farmingdale, closed on July 31. The $260 million project was approved by the IDA board on Mar 28, 2025.

Ferrandino plans to build the complex, to be known as 214 W. Main St., on a four-acre site that now houses a vacant steel plant, an auto body shop, and a laundromat. The site encompasses lots on both sides of the Patchogue River.

The project will include 49 studio apartments, 141 one-bedroom units, and 72 two-bedroom units, along with retail and office space, parking facilities totaling 444,458 s/f. Twenty-seven apartments will be affordable housing for residents whose incomes are at or below 80% of the median income according to household size for the Nassau-Suffolk primary metropolitan statistical area, and 26 apartments will be reserved as workforce housing for residents whose incomes are at or below 120% of AMI.

The complex will also include a public riverwalk, two swimming pools, two gyms, a lobby, and the leasing of refurbished office space in what is known as the Trolley House to the Patchogue Chamber of Commerce for $1 a year. The Trolley House is the last remaining part of Patchogue’s historic Lace Mill, which was shuttered before a fire destroyed it in 1972.

There will be two 4-story buildings. The western building will have 154 apartments over a two-level parking garage with 540 s/f of office space and 300 s/f of retail space on the ground floor. The eastern building will have 108 apartments with an outdoor courtyard over a one-level parking garage.

“This project, when built, will be a wonderful bookend for West Patchogue,” Braun said. “We are happy to assist with this project, which is situated in an area of the village that needs redevelopment. It will provide much-needed additional rental housing for our residents.”

Since 1970, the mission of the Town of Brookhaven Industrial Development Agency is to improve the quality of life for Brookhaven residents by promoting and assisting the growth of businesses that support the Town through capital investment and the creation and retention of jobs. The IDA has issued millions of dollars in tax-exempt or taxable bonds and provided assistance through straight lease deals to encourage companies to either locate or expand in the Town of Brookhaven. This assistance has been extended to companies both large and small and has resulted in the direct creation of thousands of jobs for Brookhaven residents. The IDA provides assistance to a wide range of companies, including Shoreham Energy LLC, Burmax, Intercounty Appliance, Suffolk Transportation, Tate’s Holding Co., and D&Amp;F Patchogue.