Slate Properties

New transit-oriented Cypress Hills project has 200+ affordable units

Credit: Think! Architecture + Design PLLC6

December 24, 2025

New transit-oriented Cypress Hills project has 200+ affordable units

A mixed-use residential project in Cypress Hills, set to deliver more than 200 affordable apartments just steps from the subway, moved ahead this week. On Tuesday, a joint venture of Slate Property Group, Thorobird Companies, and Bangladeshi American Community Development & Youth Services (BACDYS) closed on 570 Eldert Lane, a transit-oriented development that will add 213 homes adjacent to the A train at Grant Avenue. The property will also include 10,000 square feet of community space operated by BACDYS, along with on-site supportive services from the non-profit Urban Pathways.
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Former Midtown hotel to become 579 affordable apartments

Photos courtesy of Slate Property Group unless otherwise noted.

December 22, 2025

Former Midtown hotel to become 579 affordable apartments

By Aaron Ginsburg

A former Midtown hotel is slated to become a permanently affordable housing building with nearly 600 units. On Monday, Slate Property Group and Breaking Ground announced the acquisition of the Stewart Hotel at 371 Seventh Avenue, which will be converted into 579 affordable apartments for low-income households and formerly homeless individuals. The purchase underscores an emerging strategy to address the city’s housing crisis by converting underused hotels into affordable housing, following the opening last week of the city’s first such development at the former JFK Hilton in South Jamaica, Queens.
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NY’s first hotel-to-affordable housing conversion near JFK Airport is now complete

Credit: Slate Property Group

December 18, 2025

NY’s first hotel-to-affordable housing conversion near JFK Airport is now complete

By Aaron Ginsburg

The transformation of a vacant hotel near John F. Kennedy International Airport into affordable housing is complete, marking New York’s first development of its kind. Gov. Kathy Hochul on Thursday announced the completion of the Baisley Pond Park Residences in South Jamaica, which has turned the former JFK Hilton into 318 affordable and supportive apartments. The $167 million project—the first in the state to repurpose a hotel for affordable housing—features an indoor healing garden, on-site social services, and is fully electric.
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Affordable Housing

Citi Field casino team throws in 450 units of affordable housing to enhance bid

Project rendering courtesy of Aufgang Architects

April 3, 2025

Citi Field casino team throws in 450 units of affordable housing to enhance bid

By Aaron Ginsburg

New York Mets owner Steve Cohen is enhancing his bid to build a casino by pledging 450 affordable housing units. Queens Future LLC, a joint venture between Cohen and Hard Rock International, and Slate Property Group announced on Wednesday plans to develop a 100 percent affordable building on a parking lot at 54-19 100th Street in Corona, Queens. The development will only be built if Cohen is awarded one of three gaming licenses to build "Metropolitan Park," a proposed $8 billion sports and entertainment complex next to Citi Field.
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Former JFK Airport hotel launches lottery for 125 affordable apartments, from $784/month

Rendering of the indoor/outdoor garden planned for residents at Baisley Pond Park Residences. Courtesy of OSD

March 24, 2025

Former JFK Airport hotel launches lottery for 125 affordable apartments, from $784/month

By Aaron Ginsburg

A former hotel near John F. Kennedy International Airport that has been converted into a housing development launched a lottery last week for 125 affordable apartments. Located at the former JFK Hilton in South Jamaica, the Baisley Pond Park Residences includes over 300 affordable and supportive housing units, a 2,400-square-foot healing garden, and on-site social services. New Yorkers earning 50 and 60 percent of the area median income can apply for the apartments, priced from $784/month for studios to $1,493/month for two bedrooms.
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Affordable Housing

June 17, 2016

Lotto Kicks Off for Four Affordable Apartments in Bushwick Building with Rooftop Dog Walk

By Diane Pham

Starting Monday, NYC's Housing Connect will begin accepting applications for four brand new apartments located in an upscale, four-story, 20-unit apartment complex at 83 Bushwick Place. Rents will start at $947 for one-bedrooms and $1,071 for two-bedrooms. The building has been designed by architect Ariel Aufgang and developed by Slate Properties, and unlike other more recent constructions in the area, units have been sized for growing families opposed to younger singles looking for studio rentals. Among the perks offered are a rooftop dog walk and luxury-level finishes, according to previous reports. A convenient location a block from the Montrose L train station serves as another major draw.
Find out if you qualify here

Affordable Housing

Slate Properties

New transit-oriented Cypress Hills project has 200+ affordable units

Former Midtown hotel to become 579 affordable apartments

NY’s first hotel-to-affordable housing conversion near JFK Airport is now complete

Citi Field casino team throws in 450 units of affordable housing to enhance bid

Former JFK Airport hotel launches lottery for 125 affordable apartments, from $784/month

Lotto Kicks Off for Four Affordable Apartments in Bushwick Building with Rooftop Dog Walk

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