All articles by Devin Gannon

June 18, 2018

Live in an affordable three-bedroom near Brooklyn College in Flatbush for $1,279/month

Via NYC HPD An eight-story affordable rental building in Flatbush is offering up seven three-bedroom apartments for just $1,279/month. Located at 1345 Rogers Avenue, just a short walk from Brooklyn College, Crystal Towers contains 91,100 square feet of residential space with a total of 123 apartments. Residents will have access to amenities like an on-site super, a rear garden, bike storage and on-site laundry. Qualifying New Yorkers earning 60 percent of the area median income can apply for the seven $1,279/month three-bedroom apartments.
Find out if you qualify

Affordable Housing

June 18, 2018

Michael Cohen’s inlaws list three condos at Trump World Tower amid legal battle

By Devin Gannon

Photo of Michael Cohen via Wikimedia; listing photo via Trump International Realty As President Donald Trump's personal attorney, Michael Cohen, faces mounting legal fees, his family is looking to sell three condominium units at a 72-story Trump building in Manhattan. Bloomberg reported Friday that Cohen's father-in-law Fima Shusterman wants to sell three apartments he owns in Trump World Tower at 845 United Nations Plaza. Just two of the units are listed on the Trump International Realty website: a three-bedroom unit, 57B, for $6.7 million and a two-bedroom unit, 42A, for $4.5 million. Not listed but still for sale, the family's 43rd-floor apartment was purchased in 2003 for $1.85 million, but the current price is not yet known.
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Policy

June 15, 2018

Snag a one-bedroom at a passive house in Washington Heights, from $1,650/month

By Devin Gannon

A newly constructed rental that meets passive house standards has launched a lottery for six middle-income apartments in Washington Heights. Designed by PM Architecture, the Uptown six-story building contains 20 units and boasts a facade of charcoal-painted insulated panels. Located at 577 West 161st Street, the building will have a medical office on its first floor, residences above it, and an outdoor recreation space in the back. Qualifying New Yorkers earning 130 percent of the area median income can apply for the $1,650/month and $1,800/month one-bedroom apartments.
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Affordable Housing

Construction kicks off on Dattner Architects’ nine-story Brooklyn Navy Yard building

Rendering via Steiner NYC

June 14, 2018

Construction kicks off on Dattner Architects’ nine-story Brooklyn Navy Yard building

By Devin Gannon

Just six months after filing permits for a nine-story mixed-use building at the Brooklyn Navy Yard, city officials and developers broke ground Wednesday on 399 Sands Street. Designed by Dattner Architects, the building will feature a parking structure on four levels, four floors of manufacturing space and one floor for creative office space. The construction of 399 Sands Street is a key part of the Navy Yard's $1 billion expansion, overseen by Steiner Equities Group, which will add $2 million square feet. Deputy Mayor for Housing and Economic Development Alicia Glen also announced Wednesday a $40 million investment from the city to fund 230,000 square feet of leasable space above the parking area. "New York City grew up around the Brooklyn Navy Yard - and thanks to the City’s $40 million New York Works investment in 399 Sands Street, the Yard will continue to fuel growth, and provide manufacturing and creative jobs for generations to come," Glen said in a statement.
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First look at the latest huge residential project proposed for Greenpoint’s waterfront

Rendering posted on the construction fence

June 14, 2018

First look at the latest huge residential project proposed for Greenpoint’s waterfront

By Devin Gannon

On the site immediately south of the former Greenpoint Terminal Market, which was destroyed in a massive fire in 2006, three high-rise buildings are planned, containing hundreds of apartments. As of now, Halcyon Management Group has filed permits for a 19-story, 234-unit tower at 29 West Street, a 14-story, 92-unit tower at 37 West Street and a 33-story, 410-unit tower at 65 Private Drive. CityRealty recently uncovered the first renderings of the Brooklyn project, which show a total of four towers, with two 400-foot towers overlooking the East River, and two smaller buildings situated further inland. SLCE Architects is listed as the architect of record for the three buildings filed.
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June 12, 2018

3 middle-income units up for grabs in a quiet section of Flushing in Queens, from $1,700/month

By Devin Gannon

Photo via Wikimedia A newly constructed four-story residential building in Murray Hill is now accepting applications for three middle-income units. But it's not the Murray Hill of Manhattan you know, but instead a quiet enclave in Queens, part of the sprawling neighborhood of Flushing. Found at 168-05 Depot Road, the rental sits just four blocks from the Long Island Rail Road station at Broadway. Qualifying New Yorkers earning 130 percent of the area median income can apply for the $1,700/month one-bedroom and two $1,950/month two-bedrooms.
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Affordable Housing

Lottery launches for 21 middle-income units at a new luxury rental in Jamaica Estates from $1,480/month

Photo via A&R Properties Group and TCX Development

June 11, 2018

Lottery launches for 21 middle-income units at a new luxury rental in Jamaica Estates from $1,480/month

By Devin Gannon

A newly constructed building in the upper-middle-class enclave of Jamaica Estates in Queens (aka President Donald Trump's hometown) is accepting applications for 21 mixed-income apartments. Dubbed the Maya, the eight-story luxury rental at 177-30 Wexford Terrace contains 68 units. Qualifying New Yorkers earning 85, 90, 100, 105, 110 and 115 percent of the area median income can apply for the units ranging from a $1,480/month studio to a $2,622/month two-bedroom.
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Affordable Housing

June 8, 2018

Live in the Bronx for just $1,100/month and get to Midtown in 40 minutes

By Devin Gannon

Photo by Axel Drainville on Flickr Three middle-income units are up for grabs at a newly constructed building in the East Tremont neighborhood of the Bronx. Located at 1779 Weeks Avenue, the rental sits just steps from the B and D train, making Midtown commutes a breeze. Plus, residents can enjoy open space, playgrounds and a public pool at Claremont Park, which is just a few blocks south. Qualifying New Yorkers earning 130 percent of the area median income can apply for one $1,100/studio and two $1,300/month one-bedrooms.
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Affordable Housing

East Harlem’s affordable Sendero Verde complex gets fresh renderings and a 384-unit mixed-use tower

Rendering courtesy of Handel Architects

June 8, 2018

East Harlem’s affordable Sendero Verde complex gets fresh renderings and a 384-unit mixed-use tower

By Devin Gannon

Permits have been filed for a 37-story, 384-unit tower in East Harlem as part of Sendero Verde, a massive mixed-use complex developed by Jonathan Rose Companies and L + M Development. The site's newest building is set to rise at 1681 Madison Avenue and measure just over 385,000 square feet. Floors five through 36 of the Handel Architects-designed building will contain 12 apartments each; offices and retail space will occupy the first three levels, as CityRealty learned. A fresh pair of renderings of Sendero Verde highlights the winding central landscaped path, nonprofit DREAM's charter school and the extensive community space planned for the development.
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Affordable Housing

June 8, 2018

Deal struck to fund discounted MetroCards for low-income New Yorkers

By Devin Gannon

Image by Ged Carroll on Flickr Reduced-fare MetroCards may soon become a reality for low-income straphangers, as Mayor Bill de Blasio and the City Council have reached a deal Wednesday to provide roughly $100 million in funding to the program. The mayor's agreement with Speaker Corey Johnson, who has been one of the most vocal supporters of a Fair Fares program, means the city would fully subsidize the cost of providing half-price MetroCards to New Yorkers who fall below the federal poverty line, or a household income of $25,000 for a family of four. Nearly 800,000 New Yorkers could benefit from the discounted fares. Under the tentative deal, the city would allocate $106 million in its upcoming budget, which would pay for six months of the program beginning in January, according to the New York Times.
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How the cardboard box was accidentally invented in a NYC factory

By Devin Gannon

New Yorkers are known for their innovative thinking: Inventions like Scrabble, credit cards, and even Baked Alaska all came from local creators. A little less exciting, but still a crucial contraption, the cardboard box was also invented in New York City. Like many discoveries, the box came to be only after a careless mistake. Scottish-born entrepreneur Robert Gair owned a paper bag factory on Reade Street in Manhattan. One day in 1879, a pressman accidentally cut through thousands of small seed bags, instead of pressing them. Following the accident, Gair, who moved headquarters to Dumbo, developed a method for the mass production of cardboard boxes and later supplied major companies like Kellogg and Nabisco.
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History

June 7, 2018

Live next to foodie-favorite Smorgasburg in Williamsburg, from $1,407/month

By Devin Gannon

Photo via Harold Navarro on Flickr A lottery launched this week for affordable apartments across two multi-family apartment buildings in the Williamsburg neighborhood of Brooklyn. Located at 27 and 34 North 6th Street, the 347-unit site sits just steps away from the waterfront as well as the East River State Park, home to stunning views and beloved weekly market, Smorgasburg. Qualifying New Yorkers earning 80 percent of the area median income can apply for the units ranging from a $1,407/month studio to a $1,820/month two-bedroom.
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Affordable Housing

June 7, 2018

Anti-bigotry ‘service’ posters hit NYC subway stations for Pride Month

By Devin Gannon

The normally drab service posters found across the city's subway stations got a burst of color this month. Instead of detailing changes to late-night train service, these rainbow-adorned signs remind commuters that no "bigotry, hatred or prejudice" is allowed at any time, as Pride Month, a celebration of LGBTQ love, kicks off. Originally created by School of Visual Arts faculty member Thomas Shim and alumni Ezequiel Consoli and Jack Welles (Kyle Harrison was added to the core team this year), the posters will remain fastened to the station walls throughout the month of June.
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Torn off by a fan in 1973, a right field sign from the old Yankee Stadium just sold for $55K

Photo via Clean Sweep Auctions

June 7, 2018

Torn off by a fan in 1973, a right field sign from the old Yankee Stadium just sold for $55K

By Devin Gannon

On September 30, 1973, during the last home game at Yankee Stadium before the historic arena underwent two years of renovations, diehard baseball fans came wielding screwdrivers and hammers. Not to fight fans from the opposing team of that night's game, the Detroit Tigers, but to dismantle any memorabilia from "The House That Ruth Built." One fan somehow got his hands on a right field sign wall that designates the 296-foot distance from home plate (h/t Forbes). A family member of the brazen fan put up the sign for auction last month and on Wednesday, after 18 bids, the 1960s era sign sold for a final sale price of $55,344.
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History

June 6, 2018

Apply for 4 affordable apartments in blossoming Bushwick, from $985/month

By Devin Gannon

Rendering via Andy McGee Design Located where Bushwick's bustling Myrtle and Central Avenues meet, a newly constructed rental building at 1164-1168 Greene Avenue is offering up four affordable apartments. The 20-unit, four-story building features amenities like a lounge, laundry room and terraces. Qualifying New Yorkers earning 60 percent of the area median income can apply for two $985/month one-bedrooms and two $1,114/month two-bedrooms.
Find out if you qualify

Affordable Housing

Interactive tool tracks the declining affordability of New York City

Phoo via CC0 License

June 6, 2018

Interactive tool tracks the declining affordability of New York City

By Devin Gannon

Between 2005 and 2016, the cost of basic needs like housing, transit, food and healthcare has grown at twice the rate of incomes in New York City, according to a new report released by City Comptroller Scott Stringer on Monday. Stringer's office created a first-of-its-kind Affordability Index to track how much money New Yorkers have left over after taxes and basic expenses. The numbers are not comforting. The report found that single adults living in NYC had just $641 leftover after taxes and basic expenses in 2016, compared to $831 a decade ago. "Over the last decade, the money that New Yorkers could be putting away – for retirement, for college, or even for a simple family night out – has been shrinking," Stringer said in a press release. "Our growing affordability crisis is making it harder for families to enjoy a basic middle-class lifestyle – and is forcing them to choose between staying in New York City and leaving."
Explore the index

Amazing aerial photos show One Vanderbilt’s ascent

Photo by Max Touhey

June 6, 2018

Amazing aerial photos show One Vanderbilt’s ascent

By Devin Gannon

Construction of SL Green's supertall One Vanderbilt continues to push forward, with the steel erection on the 16th floor now complete. By the end of the year, the developer expects to reach the 30th floor of the Kohn Pedersen Fox-designed, 1,401-foot skyscraper, which will become the city's second tallest skyscraper when completed in 2020. A fresh set of aerial photos of the tower provide a new perspective of the surrounding buildings, including neighboring Grand Central Terminal. And with even more sky-high news, SL Green reportedly announced that tickets to One Vanderbilt's 1,000-foot observatory will cost about $39, or $5 more than that of One WTC.
See the pictures

June 5, 2018

Lord & Taylor is closing its 104-year-old Fifth Avenue flagship store

By Devin Gannon

Photo courtesy of Lord & Taylor Lord & Taylor's iconic New York City flagship store will close its doors next year, after occupying the Fifth Avenue building for 104 years. In an attempt to keep afloat last year, Hudson's Bay, owner of the department store, sold the 676,000-square-foot building for $850 million to WeWork, who planned to make the landmark its new global headquarters. While Lord & Taylor was left with roughly 150,000 square feet of space at 424 Fifth Avenue, the company struggled to maintain profitability after the turnover of the building to WeWork. Including the iconic flagship, the company will also close as many as 10 Lord & Taylor stores total (h/t Bloomberg). In a first-quarter report, Hudson's Bay said: "Exiting this iconic space reflects Lord & Taylor's increasing focus on its digital opportunity and HBC's commitment to improving profitability."
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Real Estate Trends

51 stunning ‘Sing for Hope’ pianos will hit the streets of NYC this summer

Sing for Hope Pianos via Sing for Hope

June 5, 2018

51 stunning ‘Sing for Hope’ pianos will hit the streets of NYC this summer

By Devin Gannon

Starting this week, 51 beautifully painted pianos will pop up across New York City, available to anyone interested in striking a few keys. As part of its seventh annual event, Sing for Hope is setting up the pianos in parks, public spaces and other high-traffic outside locations in the city from June 4 to June 24. Following this summer stint, the pianos will get permanent homes in 50 public schools. The brightly colored and funkily patterned pianos were painted by artists from around the world, with each instrument featuring its own theme.
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Events & Things To Do

City unveils plan to keep fashion industry in the Garment District

Photo via via Alexandra Ferguson

June 5, 2018

City unveils plan to keep fashion industry in the Garment District

By Devin Gannon

The city released on Monday a plan to preserve at least 300,000 square feet of production space in the Garment District for the fashion industry by providing tax breaks for owners who lease manufacturing space. While the district, bound by 35th and 40th Streets and Broadway and Ninth Avenue, was once home to hundreds of thousands of fashion jobs, it has lost 85 percent of firms in the last three decades. In addition to the tax incentives, the plan creates a new zoning rule that would help limit the construction of hotels by introducing a special permit. The Garment Center IDA program, backed by City Hall, the city's Economic Development Corporation, Manhattan Borough President Gale Brewer and industry leaders, also includes lifting previous protections from a 1987 mandate that preserves millions of square feet of apparel-production space on certain side streets. According to the Wall Street Journal, if the plan is approved by the city council, owners would be allowed to convert buildings to other uses, like offices.
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Policy

June 4, 2018

City sells million-dollar homes in Bed-Stuy to 10 families for roughly half price

By Devin Gannon

Photo via CityRealty New York City has sold 10 homes valued between $1 and $1.2 million to Brooklyn families for about half the price, as part of an initiative to promote affordable homeownership throughout the five boroughs. The two-family homes are located throughout the Bed-Stuy neighborhood and sold for between an estimated $407,000 and $625,000 (h/t NY Post). To qualify for the affordable homes, the families had to apply through a housing lottery and earn 90 or 130 percent of the are median income, which ranges roughly between $50,856 for a family of three and $153,790 for a family of seven.
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Kushner Cos. will buy remaining stake in 666 Fifth Avenue from Vornado for $120M

Google Street View of 666 Fifth Avenue

June 4, 2018

Kushner Cos. will buy remaining stake in 666 Fifth Avenue from Vornado for $120M

By Devin Gannon

Kushner Companies has agreed to purchase the remaining 49.5 percent stake in 666 Fifth Avenue from Vornado Realty Trust for $120 million, nearly wrapping up the drawn-out saga of the problem-plagued condo tower. According to the Wall Street Journal, Vornado said the contract with Kushner is expected to close in the third quarter of this year and is conditional and "there can be no assurance that this transaction will be completed." Kushner Cos. first purchased the 41-story building in 2007 for a record $1.8 billion, but the economic recession created enormous financial strain for the company. To help restructure the building's major debt, they brought in Vornado, which purchased the stake in the building for $80 million and the assumption of half the property's $1.2 billion mortgage in 2011.
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Policy

Cynthia Nixon calls for congestion pricing and millionaires’ tax to fund subway repairs

Photo via Wikimedia

June 4, 2018

Cynthia Nixon calls for congestion pricing and millionaires’ tax to fund subway repairs

By Devin Gannon

Actress and candidate for governor Cynthia Nixon released last week her plan to fix New York City's transit system and many of the ideas look pretty familiar. To pay for much-needed subway repairs, Nixon's plan calls for congestion pricing, a concept supported by her opponent Gov. Andrew Cuomo, and a millionaires' tax, an idea backed by Mayor Bill de Blasio (h/t NY Post). Her campaign also details imposing a polluter fee on fossil fuel companies to "generate billions of dollars to be used to fund New York’s transition to green energy." And while disparaging the MTA remains one of the focal points of her campaign, Nixon's plan to upgrade the subways is nearly identical to the Fast Forward plan released by NYC Transit Authority President Andy Byford last month. Jon Weinstein, a spokesperson for the MTA, said in a statement: "After three months of slamming the MTA in the press, Ms. Nixon released a plan to fix the subways and it was the MTA’s plan. Thanks."
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Lottery launches for a boatload of affordable apartments across Brooklyn, from $850/month

Photo via CityRealty

June 1, 2018

Lottery launches for a boatload of affordable apartments across Brooklyn, from $850/month

By Devin Gannon

A lottery launched this week for 16 renovated, affordable apartments across five different Brooklyn neighborhoods: Prospect Heights, Clinton Hill, Flatbush, Williamsburg and Bushwick. Units available include four studios, four one-bedrooms, six two-bedrooms and two four-bedrooms. Qualifying New Yorkers earning 60 percent of the area median income can apply for the affordable units ranging from $850/month studios to $1,427/month four-bedrooms.
Find out if you qualify

Affordable Housing

Delayed feasibility study for proposed BQX streetcar costing taxpayers at least $7M

Photo via Friends of the BQX

June 1, 2018

Delayed feasibility study for proposed BQX streetcar costing taxpayers at least $7M

By Devin Gannon

The plan to bring a 16-mile light-rail trolley between Brooklyn and Queens has already cost taxpayers millions of dollars, even before the feasibility of the project has been determined. The study has cost the city $7 million in taxpayer money so far, according to the New York Post. And while the city's Economic Development Corporation promised to have the study completed last fall, this week the agency said they would not put a timeline on its release. Mayor Bill de Blasio first backed the Brooklyn Queens Connector (BQX) project in February 2016, but a series of delays and funding concerns have put the trolley on hold. The proposed streetcar was left out of the city's budget proposal last month, further delaying studies into the project's plausibility.
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