All articles by Devin Gannon

1,000 new affordable homes for NYCHA seniors coming to Central Brooklyn

Photo of Bed-Stuy via Wikimedia

August 27, 2018

1,000 new affordable homes for NYCHA seniors coming to Central Brooklyn

By Devin Gannon

New York State will finance 1,000 affordable homes for seniors who are residents of the city's public housing system, Gov. Andrew Cuomo announced on Sunday. The 100 percent affordable units will be constructed on underutilized land in Central Brooklyn that is owned by NYCHA. The $15 million plan falls under the governor's $1.4 billion Vital Brooklyn initiative, which aims to bring affordable housing, open space and recreation, new jobs and better healthcare services to the area, which includes the neighborhoods of Bed-Stuy, Brownsville, Ocean-Hill, Bushwick, Crown Heights and East New York.
More here

Affordable Housing

Airbnb sues NYC over new law mandating disclosure of host data

Photo via Airbnb

August 27, 2018

Airbnb sues NYC over new law mandating disclosure of host data

By Devin Gannon

Airbnb filed a lawsuit against New York City on Friday, following the passage of a law that requires the website to disclose the names and addresses of hosts. The lawsuit claims the new law is an "extraordinary act of government overreach" and violates the U.S. Constitution. The new law, passed by the City Council last month, makes it easier for the city to regulate illegal units, or apartments rented for less than 30 days without the permanent tenant present.
Find out more

Policy

City kicks off Governors Island rezoning process

Photo of Governors Island via simplethrill on Flickr

August 27, 2018

City kicks off Governors Island rezoning process

By Devin Gannon

The city has launched the public review process for rezoning Governors Island, Mayor Bill de Blasio announced on Friday. A notice announcing the first public hearing for the plan was posted by the city, a critical part of the environmental review process (h/t Crain's). The rezoning would create 4.5 million square feet of commercial, academic and cultural development, part of an endeavor to turn the 172-acre island into a 24/7 community.
Get the details

Policy

WeWork on track to become the biggest private office tenant in Manhattan

Image via WeWork

August 24, 2018

WeWork on track to become the biggest private office tenant in Manhattan

By Devin Gannon

If WeWork leases just 74,000 square feet of office space, the co-working space company will become the biggest private office tenant in Manhattan, the blog recode reported Thursday. This means WeWork would bypass JPMorgan Chase & Co. as the largest private office tenant in the borough. WeWork currently has 57 locations in NYC and represents a little under three percent of office space in the city, but is expected to grow to represent between five and 10 percent over the next decade. How are they securing all of this square footage? Offering brokers 100 percent commissions and huge rental discounts for tenants.
More here

Real Estate Trends

Brooklyn’s Grand Army Plaza to undergo a $9M restoration

Via Wally Gobetz/Flickr

August 24, 2018

Brooklyn’s Grand Army Plaza to undergo a $9M restoration

By Devin Gannon

The historic entrance to Brooklyn's Prospect Park is getting a makeover. Mayor Bill de Blasio announced on Friday a plan to restore Grand Army Plaza and its iconic Soldiers' and Sailors' Arch located in Prospect Heights. The $8.9 million project, overseen by the Prospect Park Alliance and the city's Parks Department, includes replacing the roof of the arch, cleaning and repointing the brick and stone structure, repairing the iron staircases, and updating the lighting. Plus, the plaza-framing landscaped berms will be replanted.
Find out more

Uncategorized

Despite drop in average rent, Battery Park City is still the most expensive zip code in the U.S.

Via Wiki Commons

August 24, 2018

Despite drop in average rent, Battery Park City is still the most expensive zip code in the U.S.

By Devin Gannon

Despite a year-over-year decrease in its average rent, Battery Park City ranks as the most expensive zip code for renters in the United States, according to a RentCafe report. In 2017, the average rent in this downtown neighborhood was roughly $6,000/month. And while it experienced a nearly two percent decrease this year, with average rent falling to $5,657/month, Battery Park City is still the not-so-winning winner. Not surprising but still bleak, 26 out of the 50 zip codes with the most expensive average rents in the U.S. are located in Manhattan.
See the list

Real Estate Trends

Another blow to Uber, ride-hailing app launches for NYC yellow taxis

August 23, 2018

Another blow to Uber, ride-hailing app launches for NYC yellow taxis

By Devin Gannon

Earlier this month, Mayor Bill de Blasio signed a package of bills to limit for-hire vehicles, like Uber and Lyft, by placing a one-year cap on new licenses. And this week the Taxi and Limousine Commission (TLC) approved a pilot program for a new ride-hailing app for yellow taxis, according to Curbed NY. Calling itself the "next generation taxi app," Waave promises to give New Yorkers upfront fares, surge-free pricing and estimated time of arrival before the car arrives, all features currently offered by Uber.
Get the details

Transit

Lottery launches for affordable apartments in Jersey City, from $1,014/month

Rendering via Genesis Companies

August 23, 2018

Lottery launches for affordable apartments in Jersey City, from $1,014/month

By Devin Gannon

Providing Jersey City residents some rental relief as the market continues to grow, a new housing building opened this week and launched a lottery for 100 percent affordable units. Located at 455 Ocean Avenue in the Greensville section of Jersey City, the five-story building includes 64 apartments, with five of the units set aside for homeless veterans and seven reserved for those earning at or below 30 percent of the area median income. Dubbed the Dr. Lena Frances Edwards Apartments, the rental's remaining units reserved for those earning 60 percent of the AMI ($66,500/year for a family of four) include $1,014/month one-bedrooms, $1,217/month two-bedrooms and $1,407/month three-bedrooms.
Find out if you qualify

Affordable Housing

100 things to do in NYC that are completely free

August 23, 2018

100 things to do in NYC that are completely free

By Devin Gannon

Despite being one of the most expensive cities to live in, New York City offers many free activities, events, and attractions all year round, letting you pinch pennies when the rent check is due. From free lectures at the Met to free group meditation classes, there are tons of activities that don't cost a dime. To help New York visitors and natives alike, we've put together a guide of the 100 best wallet-friendly things to do in the Big Apple.
See the full list

Apply for 6 middle-income units on the Bushwick-Ridgewood border, from $1,988/month

Image via Mike Sinko on Flickr

August 22, 2018

Apply for 6 middle-income units on the Bushwick-Ridgewood border, from $1,988/month

By Devin Gannon

Located in Bushwick at 387 Bleecker Street, a brand new building is accepting applications for six middle-income units. The rental is near the Myrtle-Wyckoff Avenue subway station, right by the quirky Queens neighborhood of Ridgewood. New Yorkers earning 130 percent of the area median income can apply for the three $1,988/month one-bedroom and three $2,436/month two-bedroom apartments.
Find out if you qualify

Affordable Housing

Popular Articles

New tool maps every active construction project in NYC in real time

August 22, 2018

New tool maps every active construction project in NYC in real time

By Devin Gannon

New York City's construction craze just got easier to track, thanks to a new tool that maps every major, active project across the five boroughs. The city's Department of Buildings released this week an interactive map and dashboard that provides real-time information on every active construction site in the city. According to the data, there are currently 7,437 active permits filed and nearly 198,000,00 total square feet of construction, as of Wednesday.
See just how construction crazy NYC is

Uncategorized

For $2.5M, a West Soho condo with a peaceful garden sanctuary

August 21, 2018

For $2.5M, a West Soho condo with a peaceful garden sanctuary

By Devin Gannon

With a private garden oasis accessed through floor-to-ceiling glass doors, this ground-floor apartment in West Soho offers a stunning indoor-outdoor balance. Asking $2.5 million, the two-bedroom home located at 22 Renwick Street, a full-service condo boutique building, has plenty of space to entertain. The listing describes the home as "country living in the city," and with its 15-foot tall river birch trees and beautiful flowers, it's not hard to see why.
See the enviable green space

Distinctive Homes

My 5,400sqft: Inside father and finance pro Stephen Fox’s sprawling Long Island City condo

6sqft’s series “My sqft” checks out the homes of New Yorkers across all the boroughs. Our latest interior adventure brings us to the Long Island City condo of Stephen. Want to see your home featured here? Get in touch!

August 21, 2018

My 5,400sqft: Inside father and finance pro Stephen Fox’s sprawling Long Island City condo

By Devin Gannon

No, that's not a typo. Stephen Fox’s home really measures 5,400 square feet. And slightly more than half of that space comes in the form of two terraces--a lower one equipped with a grill and dining area and a huge rooftop area with more room to play and entertain than some city parks. Both spaces boast views of the Manhattan skyline, as well as a front-row seat to the ever-evolving Queens neighborhood of Long Island City. After first purchasing a unit in the building, a former 19th-century factory, in 2006, Stephen and his wife Julie later snagged a larger apartment. The couple, who both work in finance, then bought the unit next door, combining them to make for an even more palatial home. They now share the light-filled space with their two children, three-year-old Mason and two-year-old Logan. Stephen recently gave 6sqft a tour of his home, shared what it was like to settle down in LIC, and told us how he's seen the neighborhood change over the last decade.
Take a look around

MTA to host town hall meetings on ambitious Fast Forward plan

Image © 6sqft

August 20, 2018

MTA to host town hall meetings on ambitious Fast Forward plan

By Devin Gannon

Instead of airing grievances about the subway on Twitter, you will soon be able to complain to the boss of the system face-to-face. The Metropolitan Transportation Authority announced on Sunday that Andy Byford, president of NYC Transit, will host a series of town hall public meetings about the Fast Forward plan, the ambitious proposal to modernize the subway over the next decade. The first meeting will take place at York College in Queens on Tuesday, Aug. 21 from 5:30 pm to 8:30 pm.
Get the details

Transit

Interactive map displays changes in New York City’s street grid over the last 90 years

August 20, 2018

Interactive map displays changes in New York City’s street grid over the last 90 years

By Devin Gannon

The Department of City Planning (DCP) launched on Monday a digital tool that compiles more than 8,000 historic maps of New York City, dating back to 1924. The tool, called NYC Street Map, allows users to find the official mapped width and status of specific streets and how that relates to specific properties. According to DCP, NYC Street Map lets New Yorkers explore historic street and building images, find protected bike lanes and locate streets and public areas named in honor of 9/11 victims.
Explore the map

Uncategorized

August 17, 2018

Lottery launches for affordable units across from Lincoln Terrace in Crown Heights, from $938/month

By Devin Gannon

Located across from the Lincoln Terrace/ Arthur S. Somers Park in Crown Heights, a newly constructed building has 10 affordable apartments up for grabs. New Yorkers earning 60 percent of the area median income can apply for the apartments, which include $938/month studios, $1,080/month one-bedrooms and $1,223/month two-bedrooms. In addition to being across from 21 acres of public park, the rental at 24 Ford Street also features a fitness center, lounge, a bike room, and parking.
Find out if you qualify

Affordable Housing

The real value of $100 in New York is just $86.51

Via Tax Foundation

August 17, 2018

The real value of $100 in New York is just $86.51

By Devin Gannon

A $100 in New York State has a real value of just $86.51, according to a report released this week by the Tax Foundation, an independent tax policy research group. And while New Yorkers know the cost of housing here ranks among the highest in the country and drives up the cost of living, everyday goods, including groceries, are also more expensive than most other states.
Not all that surprising

City Living

Battery Maritime Building’s hotel-restaurant conversion is back on track

Via Ismael Leyva Architects

August 17, 2018

Battery Maritime Building’s hotel-restaurant conversion is back on track

By Devin Gannon

The plan to convert the landmarked Battery Maritime Building into a hotel and Cipriani rooftop restaurant is back on schedule after an injection of capital into the project, Crain's reported on Thursday. Developer Midtown Equities will take a 30 percent stake, allowing construction to resume this fall or winter. In 2009, the city first approved a plan to redevelop the building, which sits at 10 South Street in the Financial District, but was delayed after a series of legal and financial setbacks.
More details here

Apply for 35 affordable apartments in Bed-Stuy, from $745/month

August 16, 2018

Apply for 35 affordable apartments in Bed-Stuy, from $745/month

By Devin Gannon

A six-story building in Bed-Stuy launched a lottery this week for 35 affordable apartments. Developed in collaboration between Comunilife and NYC Health + Hospitals, the Woodhull Residence at 179 Throop Avenue contains 89 studio apartments, designed as supportive and affordable housing. The apartments up for grabs through the lottery are set aside for individual New Yorkers earning 50 and 60 percent of the area median income, or between $27,463 and $43,860 annually, and include $746/month and $903/month studios.
Find out if you qualify

Affordable Housing

Tenement Museum will open an info kiosk at the Market Line inside Essex Crossing

Image via Tenement Museum

August 16, 2018

Tenement Museum will open an info kiosk at the Market Line inside Essex Crossing

By Devin Gannon

The Tenement Museum will open a new kiosk at the Market Line inside the Essex Crossing development on the Lower East Side, developer Delancy Street Associates announced on Thursday. The kiosk will feature a screen with tour times and other information about the museum. When it opens later this year, the Market Line will run three city blocks and include 100 locally-sourced food, art, fashion and music vendors. The market, projected to be the largest of its kind in New York City, sits inside Essex Crossing, a 1.9-million-square foot mixed-use development.
Get the details

Events & Things To Do

From Rheingold Brewery to the Denizen: Inside Bushwick’s most unique rental

August 16, 2018

From Rheingold Brewery to the Denizen: Inside Bushwick’s most unique rental

By Devin Gannon

A new rental development designed by ODA Architecture has been dubbed by its developers as a building "made for Bushwick." And once you tour the sprawling, two-block site, that bold declaration makes more sense. Located on part of the former site of Brooklyn's Rheingold Brewery at 54 Noll Street (with its still-under-construction sister site at 123 Melrose Street), the Denizen Bushwick features a fragmented facade with rust-colored, deeply-recessed windows. But what stands out the most at the building, in addition to its bisecting green promenade and interconnected courtyards, remain the corridors of large-scale art that stand seven stories tall.
Take the tour

Architecture And Design

City proposes four jail sites with community amenities as Rikers replacement

Image of Rikers Island via Wikimedia

August 15, 2018

City proposes four jail sites with community amenities as Rikers replacement

By Devin Gannon

Four new borough-based jails have been proposed for New York City as part of a plan to close Rikers Island, Mayor Bill de Blasio announced on Wednesday. The proposed facilities, which include building sites in the Bronx, Brooklyn, Manhattan and Queens, will contain about 1,500 beds each and offer on-site support services. The new jails would include space for educational programming, recreation, therapeutic services and staff parking. There will also be community facilities and street-level retail space, providing amenities to the surrounding neighborhood.
Find out more

Policy

To make political statement in Albany, Airbnb donates $10M to local nonprofits

Via CC

August 15, 2018

To make political statement in Albany, Airbnb donates $10M to local nonprofits

By Devin Gannon

Airbnb announced on Wednesday it will donate $10 million to a select group of nonprofit organizations as a way to highlight a bill pending in New York State Legislature that would allow the company to collect taxes from its guests. According to Airbnb, the $10 million represents one-tenth of the projected tax revenue it could generate if the legislation is approved by state lawmakers. The initiative, called "A Fair Share," comes a week after Mayor Bill de Blasio signed into law a bill that requires Airbnb to disclose the names and addresses of its hosts, as a way to crack down on illegal listings.
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Policy

NYC Ferry now connects the South Bronx and Wall Street, cutting travel time in half

Via NYC Ferry

August 15, 2018

NYC Ferry now connects the South Bronx and Wall Street, cutting travel time in half

By Devin Gannon

A new ferry route connecting the South Bronx and Wall Street launched on Wednesday, the first-ever ferry service between the two boroughs in the 21st century. The new route starts at Clason Point Park in Soundview and makes stops at East 90th Street, East 34th Street and ends at Wall Street's Pier 11. The entire trip takes about 45 minutes. "The new Soundview ferry will cut commute times in half for thousands of Bronxites," Mayor Bill de Blasio said in a statement. "Our all-of-the-above approach to transit gives New Yorkers reliable options to get where they need to go."
Learn more

Transit

MTA postpones select bus service expansion amid funding crisis

Via jason smith on Flickr

August 15, 2018

MTA postpones select bus service expansion amid funding crisis

By Devin Gannon

Bad news for bus riders. The Metropolitan Transportation Authority will not expand select bus service over the next few years as originally planned in order to cut costs amid a looming financial crisis for the agency, the Wall Street Journal reported on Tuesday. Mayor Bill de Blasio first announced last year a plan to expand the select, or express, bus routes by upgrading 21 new routes over the next decade. But the MTA said it can save $28 million through 2022 by postponing the program temporarily.
More here

Transit