Photo of the Harry T. Nance Apartments, Courtesy of NYC Department of Housing Preservation & Development
Applications are currently being accepted for 55 affordable apartments at a new sustainable development in Brooklyn’s Ocean Hill neighborhood. The Harry T. Nance Apartments, located at 1860 Eastern Parkway, stands 10 stories and includes a new home for the True Holy Church. New Yorkers earning 30, 40, 50, and 60 percent of the area median income can apply for the units, ranging from studios to three-bedrooms priced between $457/month and $1,485/month.
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, Thu, September 28, 2017
The star of Netflix’s “13 Reasons Why” series, Tommy Dorfman, has sold his townhouse in Ocean Hill, a subsection of the Bed-Stuy neighborhood of Brooklyn, for $1.495 million. The 25-year-old Atlanta native first purchased the home in the beginning of 2016 for $1.3 million. As the Real Deal learned, the actor’s home at 720 Decatur Street hit the market earlier this month and found a buyer within just 20 days. Recently gut-renovated, the five-bedroom, two-family home features spacious a living and dining area, as well as a private landscaped garden.
As a subsection of Bed-Stuy—and with a location adjacent to rapidly gentrifying Bushwick—Ocean Hill has seen renewed interest from developers in the last few years. The approved rezoning of East New York in February has also given the neighborhood a big boost and brokers have started calling the area Brooklyn’s “last frontier.” As such, although the area median income remains very low ($35,000), home prices are quickly moving skyward and flipping is already in full effect. But not all is lost for those with lesser means. Starting today, qualifying NYC residents can apply for 27 newly constructed apartments at 1676 Broadway and 8 Rockaway Avenue. Apartments ranging from one- to three-bedrooms have been priced between $834 and $1,163 a month and are being offered to households earning between $30,000 and $63,000.
See more on if you qualify here
Map of proposed rezoning via Department of City Planning
The New York City Planning Commission voted 12-1 in approval of Mayor de Blasio’s controversial rezoning plan for East New York, Gothamist reports. It’s the first of 15 low-income neighborhoods scheduled for rezoning as part of the Mayor’s affordable housing plan, which promises to create or preserve 200,000 units of affordable housing. The City Council is scheduled to vote on the rezoning this spring.
As part of what is known as Mandatory Inclusionary Housing (MIH), rezoning plans for East New York’s Cypress Hills neighborhood and adjacent Ocean Hill in Bed-Stuy would have 7,000 new apartments built by 2030, 3,447 of which will be designated affordable, in addition to one million square feet of commercial space. Of those affordable units, 80 percent would be reserved for families (defined as a household of three, with any number of earners) making no more than 60 percent of the Area Median Income (AMI), or $46,000; 27 percent would go to families making 40 percent of the AMI or $31,000.
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