January 23, 2015

The History of NYC’s Drinking Fountains; Pig Out on Donuts While Getting Your Car Washed

The design history of New York City’s public drinking fountains. [re:form] Inside Underwest Donuts, a boutique donut shop in a West Side car wash. [Untapped] What you can see from the tallest observation decks on Earth. [Gizmodo] China constructs the world’s first 3D-printed apartment building. [CNET] Images: Drinking fountain (L); West Side Highway Car Wash […]

January 23, 2015

Stunning Mahogany Woodwork Steals the Show in This $3.5M Park Slope Brownstone

It’s everything you imagine a classic brownstone to be. For nearly 50 years this townhouse at 266 Berkeley Place in Park Slope has been under the careful stewardship of a single owner, and the love they showered on their home is evident in every one of its four floors—even the basement is immaculate with its whitewashed walls and brick archways.
take a tour here
January 23, 2015

Politician Peter Kostmayer Buys $2M Clinton Hill Brownstone

Democratic politician Peter H. Kostmayer, best known for his seven terms in the U.S. House of Representatives and for his infamous 1992 divorce during which his ex wife publicly endorsed his Republican opponent, bought a lovely Clinton Hill townhouse for $2,144,000, according to city records. Located at 14 Saint James Place, the four-story Italianate brownstone recently underwent a gut renovation that combines historic details like crown moldings and mantles in every room with modern conveniences like a perfect-for-entertaining backyard and high-end appliances.
Check out the rest of Kostmayer's new home here
January 22, 2015

Unleash Gehry: Give Frank the East River and Churn the Lower Manhattan Pot

The Foundation Louis Vuitton in the Bois de Bologne in Paris recently opened and was another kudo for architect Frank O. Gehry whose Bilbao, Spain, branch of the Solomon R. Guggenheim Museum in 1999 was widely regarded as the most important architecture project since the opening of the Pompidou Center in Paris in 1975. All these projects are Deconstructivist; they don’t fit easily into boxes and are not symmetrical. Their aesthetic tends to be chaotic, disorganized, aggressive, random and definitely unconventional, but also absolutely heroic, proud and defiant. The Pompidou Center was huge and intimidating, a gargantuan power plant for some unfinished but gaily painted super ocean liner. By comparison, the Guggenheim was a shiny swirl of silvery metal cascading by its riverfront location in a staccato flurry of flamenco stomps. Vuitton is a whole other gesture altogether; an organic amorphous form about to devour a city, formed of glass, wood and concrete in rearing and overlapping fashion, a mad dash about enclosure. All of these might just amount to a sophisticated bowl of cherries for architecture aficionados, except that this project was a baby of Bernard Arnault, the head of the luxury conglomerate that runs not only Louis Vuitton, the purser, but also bubbler Moët & Chandon, sipper Hennessy, dazzler Bulgari and fashionistas Dior, Fendi and Givenchy—all One-Percent darlings. These, of course, are not the only platinum brands but they'll certainly do in an all-so-sizzling and svelte pinch. You may now ask what has all this to do with our city.
Read more here
January 22, 2015

East Village’s Historic Meseritz Synagogue Gets Ready for Restoration and Condo Conversion

At the turn of the century, the Lower East Side/East Village was home to 75 percent of the 2.5 million Ashkenazi Jews that immigrated to the U.S. They quickly established synagogues, many of which were "tenement synagogues," aptly named because they were built on the narrow lots between tenements and served the mostly-impoverished people who lived in the surrounding, overcrowded buildings. Only one of these tenement synagogues is still in operation–the Congregation Meseritz Synagogue (or Anshei Meseritz) at 515 East 6th Street. Narrowly saved from the wrecking ball in 2012, Meseritz is now undergoing a total overhaul. Real estate developer East River Partners is adding three luxury apartments, including an 11-foot-tall penthouse, to the top of the structure. Though the plan was initially contested by some neighbors and local community and preservation groups, the developer is undertaking a multimillion-dollar gut renovation of the ground floor, creating a new home out of which the congregation can worship.
More details ahead
January 22, 2015

Enjoy the Ultimate Brooklyn Loft Experience in This $2.3M Ensemble Architects-Designed Duplex

On a gorgeous, tree-lined street in Brooklyn Heights lies this fully-renovated apartment at the top of the landmarked former YMCA building at 62 Joralemon Street. As we wrote about in September, the loft-style duplex was given new life by Elizabeth Roberts of Ensemble Architects, who used a combination of salvaged and new materials to create the ultimate Brooklyn pad. And it can now be yours for $2.295 million.
Let's take a look
January 22, 2015

Billionaire Roman Abramovich’s DIY Mansion Getting Bigger; A Gramercy Park Building Wants $200M

After holding a 199-unit apartment building in Gramercy Park for nearly 70 years, the owner has put it on the market for $200 million. [Crain’s] Russian billionaire Roman Abramovich’s makeshift mansion could be even bigger than initially reported. Word is he’s purchased yet another building on East 75th Street. [NYP] Designer Michael Kors is purchasing a posh penthouse at […]

January 22, 2015

Aviator’s Villa by Urban Office Architecture Was Built for a Pilot Using Salvaged Airplane Parts

This house is about as close as one can get to living among the clouds, so it makes perfect sense that it was built for a retired pilot. Designed by Urban Office Architecture, the geometric Aviator's Villa in Dutchess County, New York "explores the thought of flight as a strong motivator for architectural darings." Through the use of salvaged airplane parts and minimal, glass-encased structures, the firm was able to create the feeling of flying through the sky. And like a plane, the home is exposed to the elements on all sides and appears to be soaring above water, as it's suspended on stilts, straddling a pool and a small lake.
READ MORE
January 22, 2015

Most Millennials Would Rather Live in the Suburbs Than in a City Condo

Has the pendulum swung back to favoring life in the 'burbs? A new poll conducted by the National Association of Home Builders (NAHB) reveals that millennials would rather buy a home in the suburbs than squeeze into a cramped condo in the city. The survey showed that 66 percent would prefer to live in the suburbs, 24 percent want to live in rural areas, and just 10 percent want to live in a city center. The NAHB used a sample of 1,506 people born since 1977 to come to their conclusions.
More from the study here
January 22, 2015

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Everybody’s doing it. Sign up to receive our newsletter and catch up on NYC real estate, architecture and neighborhood news right in your inbox. Sign up for our DAILY newsletter here, (sample) Sign up for our WEEKLY newsletter here, (sample) We promise not to spam your already-bursting inbox! Your info is safe with us. We’ll never share […]

January 22, 2015

Nearly Half of Luxury Condos Set to Hit the Market This Year Are Already in Contract

We know very well that 2015 will see a huge influx of new super-luxury condo units, but what we didn't know until now was that nearly half of these high-end homes set to hit the market are already in contract, making this year's forecast widely overblown. According to Crain's, a new report from Halstead Property Development Marketing suggests that of the 6,500 new condo listings that have been projected for 2015, only about 3,500 will actually be available for sale in the next 11 months, as 3,000 of them are already taken.
READ MORE
January 22, 2015

New LaGuardia AirTrain Will Actually Increase Travel Times, Anthony Weiner Weighs In

Get ready to have your bubble burst. As it turns out, Governor Andrew Cuomo's proposed AirTrain to LaGuardia would actually increase the time it takes to get to the airport, and for some areas, almost double travel time. The Transport Politic enlightened (and dispirited) hopefuls yesterday in an analysis that highlighted the fact that the new train would would deliver commuters to the 7 subway station at Willets Point, which is further away from Manhattan than the airport. In light of the findings, Anthony Weiner threw in his two cents this morning, penning an op-ed in the Daily News, saying "if we are going to solve this problem, we should do it right." The former congressman also threw a proposal of his own into the ring.
More on what Weiner had to say
January 21, 2015

Get ‘Em While They’re Cheap: A Look at Crown Heights Real Estate Past and Present

What once seemed unheard-of in terms of where to rent or buy in tertiary neighborhoods is now a thing of the past—be it Harlem, Williamsburg, Hell’s Kitchen, Long Island City, or the Lower East Side. But one of the best examples of rapid transformation is Brooklyn. Certainly there are many coveted communities such as Brooklyn Heights, Prospect Heights, and Park Slope, but there is another neighborhood making what looks like a very successful run at gentrification: Crown Heights.
More on the Crown Heights renaissance here
January 21, 2015

Exquisite West Chelsea Loft Designed by 212box Architecture ‘Suits to a T’ at $5.9M

While the etymology of the expression “suits to a T” isn’t clearly defined, there is no debating its meaning: when something is exactly as it should be or fits to perfection. Which is the ideal way to describe this rare T-shaped loft located in the Eagle Warehouse building at 532 West 22nd Street on a quiet and utterly charming Chelsea block full of art galleries. Designed by 212box Architecture, this $5.9 million dream home was recently featured in Interior Design magazine. Windows at every turn drench the home with sunshine, and custom black steel and pebbled glass room separators transport the natural light throughout the open floor plan offering some level of privacy while still maintaining the loft aesthetic.
See more of why this home 'suits to a T'
January 21, 2015

One57 Records Another Blockbuster Sale, 85th-Floor Pad Sells for $55.6 Million

There’s no slowing One57. Yet another blockbuster sale hit city records this morning, bringing the brash blue supertall its third most expensive sale to date—and the city its ninth most expensive condo sale in history. The ultra-luxe pad is the 6,240-square-foot 85th-floor unit, which boasts four bedrooms, four baths, and the lofty, breathtaking views that have have made One57 one […]

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January 21, 2015

Meet LO-LO, a Capsular Microkitchen for the Home or Office

LO-LO is a capsular microkitchen from designers Tanya Repina and Misha Repin of Aotta Studio in Moscow. The family of three standing pods was designed for the basic office kitchen, but we could easily see the stylish pieces in a studio apartment. Each module is intended for a specific electrical appliances -- a water cooler, microwave, and coffee pot -- and its corresponding accessories such as cups, plates, cutlery, tea, and coffee.
More about LO-LO ahead
January 21, 2015

Stuart Parr’s Ultra-Contemporary Clearhouse Brings the Outdoors In, Literally

The stunning Clearhouse offers a dramatic, modern addition to Shelter Island's landscape. Envisioned by Stuart Parr Design, the dwelling elevates itself on a central plinth, taking in privileged views of the surrounding woodland and Peconic Bay. Much like Philip Johnson’s iconic Glass House, the Clearhouse boasts clean lines and glazed walls that blur the indoor/outdoor boundaries quite literally. Rising on stilts above the six-acre terrain, this ultra-contemporary home was also designed to cause minimal impact on the ground.
Learn more about this glass living box
January 21, 2015

Why Not Take a Helicopter to the Airport? An Ode to the Smells of NYC

Empire Mayo in Prospect Heights looks to create the “must try” garlic truffle mayonnaise from Kevin Hart’s SNL parody of Bushwick gentrification. [DNAinfo] Two for the price of one: This tiny side table transforms into a full-on rowing machine. [Gizmodo] Forget hailing a taxi to get to the airport; a helicopter ride will cost you just $99. [NYP] […]

January 21, 2015

POLL: Do You Agree with How the MTA Gets Rid of Old Subway Cars?

Yesterday, we featured the breathtaking photography of Stephen Mallon, who for three years documented decommissioned NYC subway cars being dumped into the Atlantic Ocean. What might initially seem like an act of pollution is actually an environmental effort to create artificial reef habitats for fostering sea life along the eastern seabed. Some readers, though, felt […]

January 21, 2015

Can Developers Still Make a Profit as Land Prices Reach Record Sums?

Most landowners, especially those who have been in the development business for a long time, aren't easily persuaded to sell their holdings, but with sales reaching record sums, that's all starting to change. As Crain's recounts, back in November Jerry Gottesman, who has a property empire worth over $3 billion, sold a parking lot he owned between 17th and 18th Streets near the High Line for $800 million. He bought the site in the early '80s for $2.4 million. Influenced by the sale, other landowners are also looking to get in on the action; just last week three large residential development sites hit the market asking $1,000 or more per buildable square foot–a 50 percent increase in the price of Manhattan land from last year. And if the parcels fetch these sums, it will be the first time values per buildable square foot reach four figures. With these record sale sums, Manhattan condo builders would have to sell units at sky-high prices to make a profit. For example, a 1,000-square-foot apartment would need to sell for $3 million or more just to break even.
More on the trend here
January 20, 2015

Photo Series Captures Three Years of NYC Subway Cars Being Dumped in the Atlantic Ocean

Who knew that the graveyard for decommissioned NYC subway cars was at the bottom of the ocean? If this is news to you, then you don't want to miss this photo series by Stephen Mallon, who documented the train cars being dumped into the Atlantic from Delaware to South Carolina over three years. But before you call 311 about this seeming act of pollution, let us tell you that it's actually an environmental effort to create artificial reef habitats for fostering sea life along the eastern seabed, which was started over ten years ago.
More photos and info right this way
January 20, 2015

Goldilocks Blocks: Lowry Triangle in Prospect Heights, Where the Gritty Meets the Gentrified

It’s...gritty. But it’s Prospect Heights. Anchoring an oddly magical Brooklyn crossroads where Prospect Heights, Crown Heights and Clinton Hill meet, bisected by noisy, gritty Atlantic Avenue, Lowry Triangle and its surrounding blocks form a literal mashup of three neighborhoods, all of which began hitting their gentrification strides at slightly different times. On a map it’s legitimately Prospect Heights, whose border is a block to the east at Grand Avenue. It’s a small but decidedly cool zone, open and semi-industrial, where old brick buildings share space with a growing number of sleek, modern boutique condos, compact cubes fronted by vast expanses of glass; a fascinating juxtaposition of old and new.
What you might not notice if you're just passing through
January 20, 2015

Tour the Chefs Club Restaurant by ‘Food & Wine’ Magazine at the Landmark Puck Building

There's been plenty of talk about the luxurious penthouses that top off the historic Puck Building. But just below these spectacular homes is an equally stunning space that's sure to take your breath away—or at least get your stomach rumbling. Archdaily brings us on a tour of the Chefs Club, a brand new dining experience dreamt up by the folks over at Food & Wine magazine. The sleek eatery opened just last fall to rave reviews, and it's no surprise; the Chefs Club by Food & Wine is exactly what you'd hope it is: the magazine's "Best New Chefs" and an international roster of rockstar cooks whipping up meals unlike any you've had before.
Take a tour of the spectacular interiors here
January 20, 2015

Miito Reinvents the Way We Boil Water in a Minimal and Sustainable Way

Meet Miito, one of those objects that makes you think, "Why didn't anyone think of this before?!" Innovative, minimal, sustainable, and most importantly, logical, it works by simply heating up liquids directly in one's mug as opposed to a kettle. Invented by Copenhagen-based Studio Chudy and Grase, Miito's clean, innovative design saves both money and time.
Learn more about this innovative boiler
January 20, 2015

The New Design Project’s Upper East Side Apartment Has a Downtown Industrial Vibe

At first glance, this urban-chic apartment with its industrial vibe and cool pops of geometric colors definitely appears to be located in trendy Soho or any up-and-coming section of Brooklyn. But it's actually in the neighborhood that's often considered the most unhip of all–the Upper East Side. A creation of The New Design Project, this 400-square-foot Uptown apartment was inspired by the urban features that the design team uncovered during the renovation at the landmarked Cherokee Apartments. Exposed brick walls and metal frames were left raw and are juxtaposed with bold colors, geometric patterns, and custom artwork. As the firm states, "the result is a space that does not take itself too seriously, where each room has a strong personality that delivers a happy experience."
Tour the apartment here
January 20, 2015

INTERVIEW: Architects Michael Loverich and Antonio Torres of Bittertang Farm on Their Wild and Colorful Designs

Mark our words: Bittertang Farm is a studio to keep your eye on in 2015. Led by Michael Loverich and Antonio Torres, Bittertang features two enterprising architects who are bringing us wild works that have more than once been described as "squishy," "vivid," "frozen," and "frothy." Definitely not your run-of-the-mill designers, Bittertang's work is all about using innovative materials—often filled with gases and liquids, or brimming with plant life—to create public spaces that get people thinking about daily life and living in a whole new way. The studio's whimsical works have won them everything from an exhibit at the Storefront for Art and Architecture to an "AIA New York New Practices Award" just last year, and Antonio himself was even honored as a TED Fellow in 2013. But if that isn't enough to convince you of their rising stars, the studio was also recently short-listed as a finalist in MoMA PS1's 2015 Young Architects Program, which, for those who don't know, has for the last decade seen its entrants grow into globally recognized names. Keep reading for our interview with the up-and-coming duo as they discuss their work, their mind-bending process, and a few of the projects they're most excited about.
Get a taste of Bittertang Farm here
January 20, 2015

Air Train to LaGuardia Airport Is in the Works; A Germaphobe’s Guide to Buying a MetroCard

New York state will construct an air train connecting the 7 subway line to LaGuardia Airport. [WSJ] Afflicted with germaphobia? Here’s a guide to navigating the MetroCard vending machine while staying clean as a whistle. [Next City] Meet New York’s bail bond queen. [BuzzFeed] Renzo Piano’s restaurant underneath the High Line opens. [FC] Tour an inventively rustic […]

January 20, 2015

$4.8M ‘Duplex of Baronial Splendor’ Comes with a Dali Sketch on the Living Room Wall

One look at this richly decorated Central Park West maisonette in The Atelier and you'll be swept away into a scene harkening back to 18th century Vienna where couples minuet across the floor to strains of Mozart playing softly in the background. Turns out your imagination wouldn’t bring you too far from the truth, as in recent years this home has become a beloved gathering place for artists and art lovers alike, attracting opera singers, conductors, musical soloists, cabaret entertainers, diplomats, artists, aristocrats, and movie celebrities. The annual Christmas parties given here are legendary, as are frequent dinners and musical soirées for up to 150 guests.
Feast your eyes on more of this exquisite home
January 20, 2015

NYC Real Estate Firms Cater to Chinese Investors

It's no surprise that Chinese investors, who feel that New York City condos and other properties are a safe place for their money, are making major waves in the real estate market, so it makes perfect sense that high-profile real estate firms are tapping Chinese brokers to cater to this growing clientele. These international deals come with many complexities in addition to the traditions and language of the buyer, and having a broker who can easily navigate the process makes closing the deal that much more certain.
READ MORE
January 20, 2015

This Turn-Key Cobble Hill Townhome Comes with a Backyard Playhouse

What if we told you we found a beautiful move-in ready Brooklyn townhouse with a landscaped garden and a great location, and the only downside is it has one green bathroom? Well, you can’t have it all. But this four-bedroom townhouse in Cobble Hill comes pretty close. The owner “lovingly updated” the home, and it seems to have had a pretty successful run on the rental market over the last few years, but it's back on the market again, asking $12,500 a month.
More pics inside
January 19, 2015

Take a Peek Inside Hundreds of Brooklyn Homes in the 1970s, Including Where Basquiat Grew Up

An online gallery from the New York Public Library provides a stunning glimpse into domestic life in Brooklyn in the 1970s, courtesy of photographer Dinanda Nooney, who traveled through the borough from January 1978 to April 1979, capturing locals in their homes and asking them to then suggest other subjects. The black-and-white photos range from everyday scenes of Brooklynites to the residence of a local celebrity biker to the childhood home of Jean-Michel Basquiat.
Take a look at Dinanda Nooney's photos here
January 19, 2015

VIDEO: SNL’s Hilarious Sketch Pokes Fun at Bushwick’s ‘Grit’

If you tuned in to SNL this past Saturday, you probably saw this hilarious sketch featuring Kevin Hart, Kenan Thompson and Jay Pharoah spoofing life in hipster-laden Bushwick. The trio are huddled on a street corner talking about all the "crazy things" they've been doing over the last week. SNL uses the opportunity to poke fun at everything that's gone granola in the 'hood, from handmade dog sweaters to the $8 artisanal mayonnaises that now dominate the area's once crime-ridden streets. "That last party was off the chain, bro!" Pharoah says. "There was drinking wine. It was painting landscapes, barriers, fruit. You know what I'm saying?" Hart: "Did you have any cheeses tho?" "You acting like somebody put gluten in your muffin."
Watch the video here
January 19, 2015

Russian Billionaire Roman Abramovich Buys Up Three UES Townhouses to Build a Makeshift Mansion

While some billionaires are busy eyeing the glass penthouses of the city's up-and-coming and ultra-luxe towers, others are taking a more DIY approach to realizing their dream home. The latest to join the building-your-own-mansion trend is billionaire Roman Abramovich, who according to the  NY Post has just "secretly" purchased a 9,495-square-foot townhouse at 11 East 75th Street for $29.7 million from developer Larry Gluck. The buy follows Abramovich's December purchase of another 7,286-square-foot townhouse two doors down for $18.3 million, and word on the street is that he's in contract for the townhouse wedged right in between.
READ MORE
January 19, 2015

Construction Resumes at 432 Park; The Case Against Supertalls and Their Super-Long Shadows

Work has resumed on 432 Park. This follows last week’s stop work order issued after an eight-foot pole fell from tower and crashed into the street below. [Dezeen] Critics of supertalls blast NYC’s “as of right” development policy and what little has been done to protect the urbanscape from the shadows cast by these massive buildings. [The Guardian] A window washer […]

January 19, 2015

VIDEO: Santiago Calatrava Explains the Design of His Ground Zero Church

Back in October, we revealed renderings for Santiago Calatrava’s Ground Zero Church, which will overlook the 9/11 Memorial. Now we have a BBC video that features Calatrava explaining his vision for Saint Nicholas Church. ArchDaily, who spotted the feature, writes that “the building, which broke ground last year, has been described by Calatrava as a ‘tiny jewel’ for lower […]

January 19, 2015

A Waterfall, a Bridge and a Moat Can All Be Found Inside David Ling’s Self-Designed Loft

“I wanted to create my own world.” Those are the words used by architect David Ling when describing the design inspiration for his Manhattan-based live/work loft. And he most definitely succeeded. As one meanders through Mr. Ling's "rough-around-the-edges-on-the-surface-but-oh-so-refined" dwelling there are surprises at every turn, all beautifully orchestrated into three distinct areas (work/live/sleep) with the bridge and moat, plus a cantilevered second story, providing the transitional elements.
See more of this home's unique design
January 19, 2015

Cyclists Petition for 32-Mile Greenway That Would Connect Southeast Queens to Brooklyn

There's been a lot of talk lately surrounding the QueensWay, the High Line-esque linear park and cultural greenway proposed for a 3.5-mile stretch of abandoned railway in central Queens, but there's another planned greenway in Queens that's also making headlines. The proposed 32-mile path known as the Southern Queens Greenway would connect portions of Brooklyn with parks in southeast Queens, and a local group of cyclists is now petitioning for this vision to be realized.
READ MORE
January 18, 2015

Lovely Eco-Friendly Yurt in Newfield Offers a Unique Camping Spot in Nature

If living simpler is on your 2015 to-do list, a few days away in this delightful yurt might show you the way. Located just 12 miles south of Ithaca in Newfield, New York in a luxury glamping spot surrounded by greenery, this yurt-for-rent comes with a garden full of goldfinches and sunflowers visible from every window. Perfect for getting away from the busy city life, this Mongolian-inspired retreat offers the perfect spot for unwinding upstate.
Learn more about this yurt
January 17, 2015

Weekly Highlights: Top Picks from the 6sqft Staff

Get Free Access to 33 Museums with the New NYC Municipal ID Checking In on 56 Leonard: The Rising Star in the Downtown Skyline Chelsea Apartment Is Flea Market Chic with a Pop Art Punch 111 West 57th Street: The World’s Skinniest Tower Will Also Be the Hemisphere’s Tallest Residential Building New Public Art Piece […]

January 16, 2015

$100 Million Condo Sale at One57 is NYC’s Most Expensive Ever

Expect another blockbuster year for the super-luxury tower that launched a slew of other wannabe developments across the city. A palatial unit occupying the 89th and 90th floor of One57 has just sold for a record-breaking $100,471,452.77—the most expensive condo purchase ever recorded Manhattan. The buyer of the massive 10,923-square-foot penthouse apartment remains a mystery—city records simply show an […]

January 16, 2015

How the Fletcher-Sinclair Mansion Went from Private Home to the Ukrainian Institute of America

Earlier this week, the Ukrainian community rang in the new year, so we thought it appropriate to take a look at one of the city's largest centers of Ukrainian-American life. Located at 2 East 79th Street at the corner of Fifth Avenue, the Fletcher-Sinclair mansion was built in 1897 by famed architect Charles Pierrepont Henry Gilbert (C. P. H. Gilbert) as a single-family home for Isaac D. Fletcher, a banker, broker, and railroad investor. Today, the French Gothic masterpiece houses the Ukrainian Institute of America, a nonprofit organization dedicated to promoting the art, music and literature of Ukraine and the Ukrainian diaspora. But how did this massive home become home to the Institute?
Find out here
January 16, 2015

City Exceeds 2014 Affordable Housing Goals, but Few Apartments Are Below 96th Street

Photo via Pexels The Mayor announced yesterday that the city had exceeded its affordable housing goal for 2014 by 1,300 apartments, building or preserving 17,300 affordable units. This represents 8.6 percent of de Blasio's larger goal of 200,000 units over 10 years. But on the heels of the announcement, a report by New York University's Furman Center shows that only 6 percent of new subsidized affordable rental units have been built below 96th Street since 2000, compared with 16 percent in the '70s. The city says it's ramping up its building and preservation efforts to 20,000 affordable units per year, but this likely won't do much to sway the numbers above 96th Street.
More on the affordable housing news here

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