Search Results for: -fifth avenue

Bronx co-op launches lottery for 58 apartments for purchase, starting at $145K

Courtesy of NYC Department of Housing Preservation and Development

July 18, 2025

Bronx co-op launches lottery for 58 apartments for purchase, starting at $145K

Here's a chance to own an apartment in the Bronx for less. In Soundview, a sprawling new housing complex, dubbed Stevenson Square, launched a lottery for 58 affordable co-ops for purchase. Qualifying New Yorkers earning 70 and 80 percent of the area median income can apply to buy one-, two-, and three-bedroom apartments, priced from $145,632 to $264,500.
find out if you qualify

Affordable Housing

NYC’s first wave of office-to-residential conversions could create over 17,000 new homes, report says

Pfizer World Headquarters is becoming 1,500 apartments. Photo via WikiCommons

July 17, 2025

NYC’s first wave of office-to-residential conversions could create over 17,000 new homes, report says

By Aaron Ginsburg

New York City’s first wave of office-to-residential conversions could yield over 17,000 new apartments, highlighting the potential for such projects to help ease the city’s housing shortage, according to a new report. Published on Thursday by City Comptroller Brad Lander, the report finds that 44 office conversions initiated after the pandemic could transform 15.2 million square feet of office space into as many as 17,400 homes over the coming years. However, the report warns that the city’s new 467-m tax break may be overly generous, potentially costing $5.1 billion in lost property tax revenue over 37 years.
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Work begins on 10-building East New York development with 2,000 affordable homes

All images courtesy of PAU, unless noted otherwise

July 17, 2025

Work begins on 10-building East New York development with 2,000 affordable homes

By Aaron Ginsburg

Construction has kicked off on the first phase of a transformative new housing development with 2,000 affordable homes in East New York. Gov. Kathy Hochul on Tuesday announced the start of work on phases 1A and 1B of Innovative Urban Village, a 10-building project that will revitalize the Christian Cultural Center’s (CCC) 10.5-acre campus at 12020 Flatlands Avenue with new housing and community amenities. The initial phase will bring more than 800 affordable apartments, along with a workforce development center, a childcare facility, a performing arts venue, a grocery store, and green space with walking paths.
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NYC Council approves 1,000-unit One45 Harlem development

Rendering courtesy of SHoP Architects

July 16, 2025

NYC Council approves 1,000-unit One45 Harlem development

By Devin Gannon

A residential development will finally rise on the corner of West 145th Street and Lenox Avenue in Harlem after years of delays and debates. The New York City Council on Monday approved the One45 for Harlem plan, which includes three new buildings and 1,000 units of housing, 338 of which will be affordable. The previous proposal at the site failed to materialize after the former council member refused to accept the development unless at least 57 percent of the units were affordable to families earning 30 percent of the area median income; the developer said that was not economically feasible, withdrew the plan, and turned the property into a truck depot.
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98 apartments available at all-electric Downtown Brooklyn tower, from $3,000/month

Renderings courtesy of RXR

July 14, 2025

98 apartments available at all-electric Downtown Brooklyn tower, from $3,000/month

By Aaron Ginsburg

An all-electric, 30-story residential tower in Downtown Brooklyn launched a housing lottery this week for 98 middle-income apartments. Located at 89 Dekalb Avenue, the sustainable development features a smart glass facade, thoughtfully designed residences, and academic and office space for Long Island University. New Yorkers earning 130 percent of the area median income can apply for the units, priced from $3,000/month studios to $4,376/month two bedrooms.
fIND OUT IF YOU QUALIFY

Affordable Housing

Life-size Edward Hopper paintings pop up in the Meatpacking District

All photos from the 2024 Step Into Hopper event © Brake Through Media

July 11, 2025

Life-size Edward Hopper paintings pop up in the Meatpacking District

By Lidia Ryan

In a fluorescent-lit diner on a dark city street, film noir-type characters look aloof at the counter while a waiter tends to them. It’s 1942, and the scene is called "Nighthawks." This painting by artist Edward Hopper is regarded as one of the most famous American paintings. Although it depicts a fictional street corner, the artwork was inspired "by a restaurant Hopper had seen on Greenwich Avenue in New York," according to the Art Institute of Chicago, where the painting resides. The largest collection of Hopper’s works, including "A Woman in the Sun," however, can be found at the Whitney Museum. If you have your hearts set on seeing "Nighthawks," though, the Whitney and the Meatpacking District have leveled up the experience by allowing art lovers to step inside the iconic painting.
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Events & Things To Do

283-unit affordable housing and cultural arts center moves ahead in Brownsville

Rendering by Aufgang Architects

July 11, 2025

283-unit affordable housing and cultural arts center moves ahead in Brownsville

By Aaron Ginsburg

A new all-electric development that will bring affordable homes and a cultural arts center to Brownsville is moving forward. City officials on Thursday announced that financing has closed for the Brownsville Arts Center & Apartments (BACA) at 366 Rockaway Avenue. The project will include 283 affordable rental units for households earning between 30 and 70 percent of the area median income, with a mix of studio to three-bedroom layouts. The project will also feature a 28,000-square-foot cultural arts center with flexible performance, rehearsal, and studio space for community arts organizations. Construction will begin this month, with completion expected by December 2027.
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This map shows where rent increased the most by NYC subway stop

Photo of Franklin Avenue Station © 6sqft

July 9, 2025

This map shows where rent increased the most by NYC subway stop

By Aaron Ginsburg

It's not just your neighborhood. Rent prices have increased at 87 percent of New York City's subway stations this year. RentHop on Wednesday released its annual subway rent map, which highlights the median rent and the year-over-year rent increases of one-bedroom apartments by subway stop. According to the analysis, rent jumped by 14 percent near subway stations across Brooklyn, Queens, and the Bronx, particularly in areas with new developments.
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July 9, 2025

The 8 casino proposals competing for a downstate New York gaming license

By Aaron Ginsburg

Since New York approved three downstate casino licenses in 2023, some of the city's top developers have rushed to unveil grand proposals. Backed by billion-dollar budgets and celebrity partners, many of these bids have added affordable housing, transit upgrades, and public green space to help them stand out. Ahead, find an overview of the eight projects vying for one of the licenses, which will be awarded by the state by the end of the year.
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Policy

Modern Fort Greene townhouse designed by David Adjaye for artist Lorna Simpson asks $6.5M

Photos courtesy of REPN/Kellen Houde for Corcoran

July 9, 2025

Modern Fort Greene townhouse designed by David Adjaye for artist Lorna Simpson asks $6.5M

By Michelle Cohen

For the two decades since it rose at 208 Vanderbilt Avenue in Brooklyn's Fort Greene neighborhood, this modern townhouse has been recognized as an important architectural addition to the streetscape. Asking $6,500,000, the four-story single-family residence is also home to a working artist's studio, making it a perfect model for creative Brooklyn living. As reported recently in the New York Times, Lorna Simpson, a renowned American photographer and multimedia artist with a current exhibition at the Met, and her husband, artist James Casebere, were looking for a place to live and create; after searching for a suitable space among the borough's historic brownstones, the pair hired British architect David Adjaye to design, from the ground up, a building that transcended the traditional amount of light free wall space.
Tour this architectural gem

Distinctive Homes

35 mixed-income apartments available at Gowanus luxury rental, from $946/month

Credit: NYC Department of Housing Preservation and Development

July 7, 2025

35 mixed-income apartments available at Gowanus luxury rental, from $946/month

By Aaron Ginsburg

A housing lottery has launched for 35 mixed-income apartments at a new residential development on the border of Gowanus and Carroll Gardens. Located at 544 Carroll Street, the 17-story building offers townhouse-style living, spacious units, and a suite of upscale amenities at the intersection of two vibrant Brooklyn neighborhoods. New Yorkers earning 40, 60, and 110 percent of the area median income can apply for the units, with rents set at $2,621 for studios, $946 to $2,800 for one-bedrooms, and $1,123 to $1,758 for two-bedroom apartments.
Find out if you qualify

Affordable Housing

July 3, 2025

What $1 million gets you in 2025: A borough-by-borough breakdown

By Dana Schulz

Remember the days when owning a $1 million apartment signified that someone was “rich?” Now, it’s hard to find a decent condo for much less, especially if you need multiple bedrooms or want to be in a desirable neighborhood. But there are hidden gems if you know where to look, and are perhaps willing to sacrifice a few items on your wishlist. Ahead, we’ve found $1 million listings in each borough that might surprise you.
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NYC traffic deaths hit record low in first half of 2025

Credit: Brett Jordan on Unsplash

July 3, 2025

NYC traffic deaths hit record low in first half of 2025

By Aaron Ginsburg

Traffic deaths in New York City have hit a record low in 2025, marking a significant milestone in the city’s efforts to improve street safety. On Wednesday, Department of Transportation (DOT) Commissioner Ydanis Rodriguez announced that there have been 87 traffic-related fatalities so far this year, tied with 2018 and the lowest number since the city began tracking the metric in 1910. Fatalities have dropped 32 percent compared to the first half of 2024, with all vehicle types showing declines, including a 39 percent decrease in deaths involving motorized two-wheelers like e-bikes and a 48 percent decline for motor vehicles.
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Watch the fireworks from the private rooftop garden above this $2M East Village co-op

Photos courtesy of DDreps

July 3, 2025

Watch the fireworks from the private rooftop garden above this $2M East Village co-op

By Michelle Cohen

This penthouse co-op at 300 East 4th Street at the intersection of Avenue C offers loads of classic East Village charm, with updated interiors and a 750-square-foot private rooftop terrace. Asking $1,995,000, the distinctive downtown aerie still retains some of the architectural elements of its former life as a church rectory for the Mission Church of the Holy Cross, built in 1887.
check out the view

Distinctive Homes

This year’s ‘Summer Streets’ will run length of Manhattan, with car-free corridor from Brooklyn Bridge to Inwood

Credit: NYC Department of Transportation on Flickr

July 2, 2025

This year’s ‘Summer Streets’ will run length of Manhattan, with car-free corridor from Brooklyn Bridge to Inwood

By Aaron Ginsburg

More than 22 miles of car-free streets will open to New Yorkers for outdoor recreation and summer fun starting this month. On Tuesday, Mayor Eric Adams announced the city's largest ever "Summer Streets" program, which will dedicate select roadways across all five boroughs to pedestrians and cyclists from 7 a.m. to 3 p.m. on five consecutive Saturdays, from July 26 through August 23. Notably, for the first time, Summer Streets will run the length of Manhattan, offering car-free streets from the Brooklyn Bridge to Dyckman Street in Inwood.
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$2M Greenpoint duplex has a soundproofed music room and a private deck

Photo credit: Rachel Kuzma /Real Estate Productions for The Corcoran Group

July 1, 2025

$2M Greenpoint duplex has a soundproofed music room and a private deck

By Michelle Cohen

In the heart of Greenpoint near the Williamsburg border, this 1,658-square-foot duplex condo in the McCarren at 61 Engert Avenue has warmth, character, and a designer renovation. Interiors go beyond the standard drywall box on both floors, with the addition of loads of custom closet space, flexible bedrooms, and a soundproofed music room. Asking $1,999,000, the two-floor home also has the bonus perk of private outdoor space.
take the tour

Distinctive Homes

G train to shut down on select nights and weekends this summer

Image via WikiCommons

June 30, 2025

G train to shut down on select nights and weekends this summer

By Aaron Ginsburg

G train riders are in for another summer of service disruptions. The Metropolitan Transportation Authority (MTA) announced last week that G train service will be suspended between Court Square and Bedford-Nostrand Avenues on select weeknights and weekends from July 14 through August 18, as work continues to upgrade the line’s 1930s-era signal system. The line partially shut down for six weeks last summer as part of the $368 million modernization project, which will make the G the third subway line to be fully converted to Communications-Based Train Control (CBTC) signaling.
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Credit: Marc A. Hermann / MTA on Flickr

June 27, 2025

Queens bus network overhaul rolls out

By Aaron Ginsburg

Attention Queens residents: You may want to double-check if your local bus stop still exists. On Sunday, the Metropolitan Transportation Authority (MTA) will launch phase one of its Queens bus network redesign—the most significant overhaul in the system’s 70-year history, affecting all but three of the borough’s bus routes. More than six years in the making, the redesign aims to improve transit equity, speed up commutes, strengthen connections to subways and rail, and enhance overall service for the borough’s roughly 800,000 daily riders.
see what's changed

In Chelsea, new sustainable rental opens lottery for 57 apartments, from $1,817/month

Renderings courtesy of Mabel

June 27, 2025

In Chelsea, new sustainable rental opens lottery for 57 apartments, from $1,817/month

By Aaron Ginsburg

Applications are now being accepted for 57 mixed-income apartments at a new residential development in Chelsea. Located at 335 Eighth Avenue, Mabel is a seven-story building that was developed as part of the Penn South co-op complex. Designed to achieve Passive House standards, the sustainable rental has 188 apartments, modern amenities, and a ground-floor Lidl supermarket. New Yorkers earning 70 and 130 percent of the area median income can apply for the units, priced from $1,817/month studios to $4,415/month two bedrooms.
Find out if you qualify

Affordable Housing

70,000 new homes could be built along Interborough Express with zoning changes

View of the Bay Ridge Branch, which would be incorporated in the proposed Interborough Express. Adjacent to the Fort Hamilton Parkway station. Credit: Marc A. Hermann / MTA on Flickr

June 27, 2025

70,000 new homes could be built along Interborough Express with zoning changes

By Aaron Ginsburg

More than 70,000 new homes could be built within a half-mile of the proposed Interborough Express (IBX) train line through land-use changes. Outlined in an analysis released Thursday by the New York Building Congress, and first reported by the New York Times, implementing land use changes could lead to the development of tens of thousands of new homes within a 10-minute walk of the 19 stops along the 14-mile light rail line, with the potential to exceed 100,000 units over a decade. However, these changes would face many obstacles, as the IBX will run through diverse neighborhoods with varying residential densities and local willingness to welcome new homes.
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Final phase of affordable La Central complex breaks ground in the South Bronx

Rendering courtesy of FXCollaborative

June 25, 2025

Final phase of affordable La Central complex breaks ground in the South Bronx

By Devin Gannon

Work began last week on the second, and final, phase of La Central, a five-building affordable housing development in the South Bronx. The $343 million second phase includes two mixed-use buildings with 420 affordable apartments, with more than 60 units set aside for formerly homeless New Yorkers. The development, near Third Avenue and 149th Street in Melrose, a shopping district known as the Hub, has been in the works for years, with a request for proposals for the city-owned vacant lot issued in 2013 and a plan approved by the City Council three years later. Upon its completion in 2028, La Central will include nearly 1,000 affordable homes, retail, community space, and public green space.
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June 25, 2025

For $2.9M, this updated Bed-Stuy brownstone has a private rooftop sun deck

By Michelle Cohen

Outdoor space is a rare commodity in the city; a leafy backyard or a roof deck adds a coveted dimension to warm-weather living. This four-story townhouse at 271 Decatur Street in Stuyvesant Heights has both. Asking $2,895,000, the historic townhouse has a two-part stoop and a detailed, ornate facade. Inside, a 21st-century renovation reflects modern design choices.
Brownstone tour, this way

Distinctive Homes

Live across from the AirTrain at new Jamaica high-rise, from $2,065/month

Credit: NYC Department of Housing Preservation and Development

June 19, 2025

Live across from the AirTrain at new Jamaica high-rise, from $2,065/month

By Aaron Ginsburg

Whether you're a frequent flyer or want a speedy commute to Midtown, this new Jamaica rental across from the Long Island Rail Road and the AirTrain to JFK Airport offers brand-new apartments in a convenient location. A housing lottery launched this week for 90 low-income apartments at 94-15 Sutphin Boulevard, a 24-story building with a fitness center, rooftop, playroom, dog spa, on-site garage, and more. New Yorkers earning 80 percent of the area median income can apply for the units, priced from $2,065/month studios to $3,021/month three bedrooms.
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Affordable Housing

City Planning Commission approves Midtown South rezoning

Photo © 6sqft

June 19, 2025

City Planning Commission approves Midtown South rezoning

By Aaron Ginsburg

A major plan to build nearly 10,000 new homes in Midtown South by updating decades-old zoning rules just moved one step closer to becoming reality. The City Planning Commission (CPC) on Wednesday approved the Midtown South Mixed-Use (MSMX) plan, the rezoning of a 42-block stretch of the neighborhood to allow for 9,700 new homes in an area where housing was previously restricted. Under the city’s Mandatory Inclusionary Housing (MIH) program, the plan will require developers to include affordable housing, paving the way for up to 2,900 permanently affordable units. The plan now advances to the City Council for a final vote.
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City looks to build mixed-use project with up to 900 homes on Hunter’s Point South parcel

Image courtesy of the Department of Housing Preservation and Development

June 18, 2025

City looks to build mixed-use project with up to 900 homes on Hunter’s Point South parcel

By Devin Gannon

The city is seeking a developer to build a mixed-use development on one of the last vacant parcels in the Hunter's Point South neighborhood of Long Island City. The Department of Housing Preservation and Development last week issued a request for proposals for Parcel E, the sixth of seven sites that are part of the city's 30-acre redevelopment of the waterfront. For this project, the city wants a multi-tower, mixed-use project with between 850 and 900 apartments, with up to 70 percent of them affordable.
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