Image courtesy of Icon Properties
This estate in quaint St. James, NY–located in Suffolk County on the north shore of Long Island overlooking Stony Brook Harbor–is indeed, as the listing describes it, a piece of architectural history. Built in 1895 by famed and scandalous architect Stanford White of McKim, Mead and White (the firm who penned such icons as the Washington Square Arch and the former Pennsylvania Station in Manhattan), the rambling New England-style 16-bedroom estate spans 8,000 square feet and sits on 3.75 acres. Though it calls to mind a time long past, the home’s historic charm is more literal than most; it will likely take substantial effort beyond its $1.5 million ask to make it the 21st-century residence it undoubtedly could be.
Tour the many rooms of this Long Island mansion
Map data © 2020 Google
Actress Michelle Williams and her fiancé, theater and film director Tommy Kail (he directed the Broadway hit “Hamilton”), have just purchased a townhouse in historic Brooklyn Heights, the Wall Street Journal reports. The $10.8 million the pair reportedly paid for the 3,000-square-foot house, built in the 1820s, makes it one of the neighborhood’s most expensive sales.
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Renderings courtesy of Fogarty Finger Architects
A housing lottery has just launched for 54 newly constructed units inside the 23-story tower rising next to the historic Dime Savings Bank in Williamsburg. At a height of 264 feet, the mixed-use development is among the tallest in the neighborhood and includes ground-floor retail, 100,000 square feet of office space, and 178 rental apartments. The 109-year-old bank will be preserved and integrated into the project. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which range from $2,116/month studios to $3,150/month three-bedrooms.
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Photo via Wiki Commons
Affordable housing is one of the hottest topics in the real estate market these days. It all started with Mayor de Blasio’s plan to preserve or build 300,000 affordable units by 2026, which has resulted in a slew of new lotteries, a recent update to the lottery policy to ease the process for immigrants and low-income New Yorkers, and a record number of affordable homes for seniors and homeless New Yorkers. But the topic is not without its issues, with many still wondering if the city is doing enough for affordability and if some of these units are really affordable. Whatever your opinion, there’s no doubt that affordable housing in NYC can get quite confusing. Ahead, 6sqft breaks down the different types of programs, how you can qualify and apply, and what happens if and when you get in.
Everything you need to know about affordable housing