Affordable Housing

100 mixed-income units next to the New York Botanical Garden available from $1,045/month

Courtesy of NYC Department of Housing Preservation & Development

April 12, 2021

100 mixed-income units next to the New York Botanical Garden available from $1,045/month

By Devin Gannon

Applications are currently being accepted for 101 mixed-income apartments at a newly constructed rental in the Bronx. Located at 2885 Marion Avenue, the building, known as Bronxview, is located just a few blocks from the New York Botanical Garden and Fordham University's campus. Qualifying New Yorkers earning 50, 60, 90, and 110 percent of the area median income (AMI) can apply for the units, ranging from $1,045/month two-bedrooms to $2,159/month three-bedrooms.
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Affordable Housing

In Brownsville, 106 affordable apartments come online, starting at $362/month

Courtesy of NYC Department of Housing Preservation & Development

April 9, 2021

In Brownsville, 106 affordable apartments come online, starting at $362/month

Courtesy of NYC Department of Housing Preservation & Development Right off the New Lots Avenue station on the L train, a new rent-stabilized building has launched a mixed-income affordable housing lottery for those earning 30, 40, 50, 60, 70, and 80 percent of the area median income. Located at 96 New Lots Avenue, the site is part of the larger Ebenezer Plaza project that will bring four towers to two sites on the block. The available units range from $362/month studios to $2,037/month three-bedrooms.
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Affordable Housing

$950M South Bronx development Bankside set to open first residential tower this year

Renderings courtesy of ArX Solutions

March 31, 2021

$950M South Bronx development Bankside set to open first residential tower this year

By Devin Gannon

The most expensive private development in the Bronx continues to progress. Brookfield Properties announced this month that the final tower at the phase one site of Bankside, a seven-tower waterfront complex in Mott Haven, has topped out. The $950 million mixed-use project takes up two parcels on either side of the Third Avenue Bridge on the Harlem River. Third at Bankside, located at 2401 Third Avenue, has officially topped out and developers have broken ground at Lincoln at Bankside, located at 101 Lincoln Avenue.
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96 affordable apartments available for seniors in the South Bronx

Rendering courtesy of NYC Department of Housing Preservation & Development

March 30, 2021

96 affordable apartments available for seniors in the South Bronx

By Devin Gannon

A lottery opened this week for nearly 100 affordable units set aside for seniors at a newly constructed building in the South Bronx. Located at 1080 Washington Avenue in Morrisania, the development features a 5,400-square-foot community facility space, on-site social services, fitness center, laundry, and a sunroom with plantings. Applicants must have at least one household member who is 62 years of age or older, qualify for Section 8 benefits, and earn $51,200 or less, annually. Eligible New Yorkers will pay 30 percent of their income for the studio and one-bedroom apartments.
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Affordable Housing

Lottery opens for ‘affordable’ units at luxury Union Square rental, from $2,523/month

Courtesy of NYC Department of Housing Preservation & Development

March 26, 2021

Lottery opens for ‘affordable’ units at luxury Union Square rental, from $2,523/month

By Devin Gannon

Here's an opportunity to live in a luxury Manhattan rental at a discount. A housing lottery launched this month for a dozen middle-income units at One Union Square South, a Related Companies-developed building most recognizable for the massive electronic clock art piece on its facade. While it's hard to call this lottery affordable, the available apartments do offer significant savings compared to the building's market-rate units. New Yorkers earning 130 percent of the area median income can apply for the apartments, which include $2,523/month studios, $2,700/month one-bedrooms, and $3,235/month two-bedrooms.
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Affordable Housing

44 affordable senior apartments available at new rental in Williamsburg

Rendering of Debevoise Senior Housing, Courtesy of NYC Department of Housing Preservation & Development

March 22, 2021

44 affordable senior apartments available at new rental in Williamsburg

By Devin Gannon

Applications are currently being accepted for 44 affordable units in Brooklyn that are designated for seniors. The Debevoise Senior Housing building, located at 40 Debevoise Street on the border of Williamsburg and Bushwick, rises eight stories and includes on-site laundry, a recreation room, community center, and common outdoor space. To apply, applicants must have at least one household member who is 62 years of age or older, qualify for Section 8 benefits, and earn $51,200 or less, annually. Eligible applicants will pay 30 percent of their income for the studio and one-bedroom apartments.
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Affordable Housing

Apply for 166 affordable apartments at new Passive House in Jamaica, from $667/month

Rendering of Tree of Life, Courtesy of NYC Department of Housing Preservation & Development

March 15, 2021

Apply for 166 affordable apartments at new Passive House in Jamaica, from $667/month

In Jamaica, Queens, 166 affordable apartments are now up for grabs at Tree of Life, a new mixed-use Passive House project at 89-46 164th Street. In addition to its residential component, the building offers community facility and social service spaces, a health center, and it is adjacent to the First Presbyterian Church in Jamaica (the oldest continuously serving Presbyterian church in the United States). The available units range from $667/month studios to $2,264/month three-bedrooms and are available to those earning 50, 60, 90, and 120 percent of the area median income.
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Affordable Housing

Affordable, no-fee luxury rentals in Midtown West

All photos courtesy of the Gotham Organization

March 9, 2021

Affordable, no-fee luxury rentals in Midtown West

By Devin Gannon

With its rooftop garden and courtyard, luxury residences, and prime Hell's Kitchen location, Gotham West ticks off all the boxes. What makes the four-building complex truly stand out against other amenity-rich developments, other than its proximity to both Hudson River Park and the culinary darlings of the neighborhood, is its affordable housing. When it opened in 2013, Gotham West was the largest affordable project by a private developer at the time, with about 55 percent of the units restricted by income. Today, applications are being accepted for its no-fee rentals, ranging from studios to three-bedrooms, which are designated for middle-income New Yorkers earning up to 135 percent and 165 percent of the area median income (AMI).
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Lottery opens for affordable units at new Passive House project in Ocean Hill, from $457/month

Photo of the Harry T. Nance Apartments, Courtesy of NYC Department of Housing Preservation & Development

March 5, 2021

Lottery opens for affordable units at new Passive House project in Ocean Hill, from $457/month

By Devin Gannon

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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Affordable Housing

New York lawmaker proposes converting empty offices and hotels into affordable housing

Photo by Dimitry Anikin on Unsplash

March 3, 2021

New York lawmaker proposes converting empty offices and hotels into affordable housing

By Devin Gannon

A state lawmaker introduced legislation this week that would allow New York to buy financially distressed commercial buildings and convert them into housing for low-income and homeless New Yorkers. The Housing Our Neighbors with Dignity Act, sponsored by State Sen. Michael Gianaris, includes the purchase and conversion of office buildings and hotels that are up for sale, as the Wall Street Journal first reported. The proposed legislation comes as commercial districts and tourist hubs have yet to recover fully from the impact of the coronavirus and as the housing crisis, particularly in New York City, continues.
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Apply for 127 affordable apartments in Mott Haven, from $522/month

Photo by Nelson Mejia Jr. via Flickr cc

March 3, 2021

Apply for 127 affordable apartments in Mott Haven, from $522/month

In the Mott Haven section of the Bronx, an affordable housing lottery has launched for 127 apartments, ranging from $522/month studios to $2,037/month three-bedrooms. The units are available to those earning 30, 40, 50, 60, 70, and 80 percent of the area median income. Located at 345 St. Ann's Avenue, the newly constructed mixed-use building is called Park Haven and offers tenants a laundry room, fitness center, and landscaped terrace. In addition, there will be a grocery store and a community facility on the ground floor.
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Affordable Housing

New affordable housing lottery launches at StuyTown, one-bedrooms from $1,200/month

Photo via Stuyvesant Town

March 2, 2021

New affordable housing lottery launches at StuyTown, one-bedrooms from $1,200/month

From today until March 31st, New Yorkers earning 165 percent of the area median income can apply for a new set of affordable apartments at StuyTown. The available units start at $1,200/month for one-bedrooms, $1,400/month for two-bedrooms, and $1,800/month for three-bedrooms. They're located in both Stuyvesant Town and Peter Cooper Village and, of course, come with perks like the complex's plethora of outdoor space, amenity package, and prime East Village/Gramercy location.
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Affordable Housing

Lottery opens for 330 middle-income units at 5Pointz towers in Long Island City, from $1,850/month

View of 5 Pointz LIC in September 2020; Photo: © CityRealty

February 25, 2021

Lottery opens for 330 middle-income units at 5Pointz towers in Long Island City, from $1,850/month

By Devin Gannon

View of 5 Pointz LIC in September 2020; Photo: © CityRealty A housing lottery launched this week for 337 rental units at the pair of residential towers in Queens that replaced the famed graffiti-covered warehouse 5Pointz. Located at 22-44 Jackson Avenue in Long Island City, the development, dubbed 5 Pointz LIC, contains two buildings, one at 47 stories and the other at 41, and over 1,100 units of housing. New Yorkers earning 130 percent of the area median income can apply for the apartments, which range from $1,850/month studios to $3,200/month three-bedrooms.
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Affordable Housing

Lottery opens for 351 mixed-income apartments in Downtown Jamaica, from $524/month

Rendering courtesy of Omni New York

February 18, 2021

Lottery opens for 351 mixed-income apartments in Downtown Jamaica, from $524/month

By Devin Gannon

Applications are now being accepted for 351 mixed-income apartments at a new rental building in Jamaica, Queens. Dubbed Archer Green, the development is located at 92-23 168th Street and will feature 15,000 square feet of community space and more than 68,000 square feet of retail. New Yorkers earning 40, 60, 100, and 130 percent of the area median income can apply for the apartments, ranging from $524/month studios to $2,638/month three-bedrooms.
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Affordable Housing

Apply for 89 mixed-income apartments in Bed-Stuy, from just $524/month

Photo via CityRealty

February 18, 2021

Apply for 89 mixed-income apartments in Bed-Stuy, from just $524/month

A mixed-income affordable housing lottery has opened for 89 units at 645 Gates Avenue in Bed-Stuy. The apartments, which range from $524/month studios to $2,638/month three-bedrooms, are available to those earning 40, 50, 100, and 130 percent of the area median income. The building, known as The Astra, offers an outdoor terrace, roof deck, bike storage, a laundry room, rec room, and community center. It's in the heart of the neighborhood and a short walk to the G train at the Bedford-Nostrand station.
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Affordable Housing

Plan for 900-foot tower with 1,325 rentals at 5 World Trade Center moves forward

Photo by bilderkombinat berlin on Flickr

February 12, 2021

Plan for 900-foot tower with 1,325 rentals at 5 World Trade Center moves forward

By Devin Gannon

Plans to build a 900-foot mixed-use tower with 1,325 units of housing at 5 World Trade Center are moving forward. The boards of the Port Authority of New York and New Jersey and the Lower Manhattan Development Corporation voted on Thursday to approve the recommendation of the selection committee for the proposal from Brookfield Properties, Silverstein Properties, Omni New York, and Dabar Development Partners. The site is the former location of the Deutsche Bank building which was damaged in the September 11 terrorist attacks and later demolished. The developer will now enter negotiations for a lease for the residential tower, expected to measure 1.56 million gross square feet.
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Lottery opens for 94 mixed-income units at new Bed-Stuy rental, from $667/month

Rendering courtesy of BFC Partners

February 9, 2021

Lottery opens for 94 mixed-income units at new Bed-Stuy rental, from $667/month

By Devin Gannon

A housing lottery launched this week for 94 mixed-income apartments at a new rental in Bedford-Stuyvesant. Located at 1620 Fulton Street, the Garnet rises 11 stories and contains 103 total units. Building perks include a landscaped terrace, fitness center, children's playroom, storage room, and on-site laundry. Qualifying New Yorkers earning 50, 100, and 150 percent of the area median income can apply for the apartments, ranging from $667/month studios to $2,741/month two-bedrooms.
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Affordable Housing

Apply for 43 affordable units at new amenity-rich rental in Long Island City, from $2,050/month

All renderings courtesy of Astor LIC

February 5, 2021

Apply for 43 affordable units at new amenity-rich rental in Long Island City, from $2,050/month

At the crossroads of two of Queens' most sought-after neighborhoods, Long Island City and Astoria, an affordable housing lottery has just launched for 43 units. The new, lifestyle-forward rental development, located at 36-20 Steinway Street and dubbed Astor LIC, offers studios, one-, and two-bedroom residences, all of which were designed with luxury in mind. In addition, the amenities include a state-of-the-art fitness center, co-working space, and two rooftop terraces with views of the Manhattan skyline. The affordable units range from $2,050 to $3,100 per month and are available to those earning 130 percent of the area median income.
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Affordable Housing

Lottery launches for 35 affordable units at wellness-themed Chelsea condo-rental, from $995/month

All renderings by Williams New York

February 2, 2021

Lottery launches for 35 affordable units at wellness-themed Chelsea condo-rental, from $995/month

Maverick Chelsea, a new wellness-focused condo-rental at 215-225 West 28th Street from HAP Investments, just launched an affordable housing lottery for 35 units, ranging from $995/month studios to $1,681/month three-bedrooms. Designed by DXA Studio, the contemporary residence is a two-building project that includes 112 rentals and 87 condos. Residents will get to enjoy amenities like an indoor pool and spa, summer kitchen, rooftop garden, wellness center, private library and lounge, fitness center, and 24-hour attended lobby.
Find out if you qualify here

Affordable Housing

How Joe Biden will affect NYC’s renters, real estate, and recovery

Photo by Gage Skidmore on Flickr

January 20, 2021

How Joe Biden will affect NYC’s renters, real estate, and recovery

By Devin Gannon

After Joe Biden is sworn in as the 46th president of the United States on Wednesday, his immediate focus will be getting the coronavirus pandemic under control and providing direct relief to Americans. In addition to immediate actions related to COVID-19, Biden's Day 1 housing priorities include extending the federal nationwide moratorium on residential evictions through the end of September and sending an additional $25 billion in rental assistance to states. Down the road, Biden has proposed fewer developer-friendly policies than his predecessor, including a repeal of the 1031 exchange and reform of the Opportunity Zone tax program. But overall, there is optimism among New York City real estate industry experts who see a Biden Administration as a way to restore stability and consumer confidence. With a pledge to defeat COVID-19 and send federal support to New York City, there's hope on the horizon for the city's recovery.
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Construction set to begin at huge South Bronx complex with Universal Hip Hop Museum

Rendering courtesy of S9 Architecture

January 6, 2021

Construction set to begin at huge South Bronx complex with Universal Hip Hop Museum

By Devin Gannon

Construction of the South Bronx mixed-use project that will have over 1,000 units of housing, a waterfront esplanade, and a permanent home for the Universal Hip Hop Museum is set to begin in the coming weeks. Developed by L+M Development Partners, Type A Projects, BronxWorks, and the city of New York in a public-private partnership, the project, known as Bronx Point, secured $349 million in financing last week. S9 Architecture is leading the design of the 22-story development, with the publicly-accessible open space along the Harlem River designed by Marvel Architects and Abel Bainnson Butz.
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Lottery opens for 223 mixed-income apartments in the South Bronx, from $354/month

All images courtesy of Phipps Houses

December 14, 2020

Lottery opens for 223 mixed-income apartments in the South Bronx, from $354/month

By Devin Gannon

A housing lottery launched last week in the South Bronx for over 200 affordable homes set aside for extremely-low to moderate-income households. Located in Soundview, the newly-constructed 12-story Metcalf Avenue Apartments offers residents on-site laundry, children's playroom, roof deck, landscaped courtyard, and a community room. Qualifying New Yorkers earning 30, 50, 70, 90, and 110 percent of the area median income can apply for the units, which range from $354/month studios to $2,346/month three-bedroom apartments.
Find out if you qualify

Affordable Housing

Lottery opens for 58 affordable senior apartments near Brooklyn College in Flatbush

Photo of Brooklyn College Library by Beyond My Ken on Wikimedia

December 4, 2020

Lottery opens for 58 affordable senior apartments near Brooklyn College in Flatbush

By Devin Gannon

A housing lottery has launched this week for 58 affordable apartments for senior New Yorkers at a new Brooklyn rental. Located at 1488 New York Avenue, the Bishop Philius and Helene Nicolas Senior Residences rises seven stories and contains 89 studio apartments and social services for residents. To apply, New Yorkers must have at least one household member who is 62 years of age or older, qualify for Section 8 benefits, and earn $45,500 or less, annually. Eligible applicants will pay 30 percent of their income for the studio apartments.
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Affordable Housing

112 affordable apartments in East New York, from $331/month

Photo credit: The Arker Companies

December 3, 2020

112 affordable apartments in East New York, from $331/month

By Devin Gannon

A housing lottery launched this month for 112 affordable apartments at a new complex in the Spring Creek section of East New York. The building at 881 Erskine Street sits within The Fountains development, a mixed-use project of six buildings that will ultimately bring more than 1,100 affordable homes to the area. Qualifying New Yorkers earning 30, 40, and 60 percent of the area median income can apply for the apartments, which range from $331/month studios to $1,472/month three-bedroom apartments.
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Affordable Housing

Apply for 48 middle-income units at new Long Island City rental, from $2,156/month

Photo by Harry Gillen on Unsplash

December 2, 2020

Apply for 48 middle-income units at new Long Island City rental, from $2,156/month

By Devin Gannon

Applications are now being accepted for 48 units below market rate at a newly constructed Long Island City rental. Located at 45-57 Davis Street, the nine-story development contains over 150 units and commercial space on the ground floor. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which range from $2,156/month studios to a $3,122/month three-bedroom. The median rental price for market-rate units in the neighborhood is $2,700/month, according to CityRealty.
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Affordable Housing

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