Search Results for: On The Square apartments

24-story East Village rental opens lottery for 60 apartments, from $1,777/month

Rendering courtesy of NYC Department of Housing Preservation and Development

October 20, 2025

24-story East Village rental opens lottery for 60 apartments, from $1,777/month

By Aaron Ginsburg

A housing lottery has launched for 60 mixed-income apartments in a new 24-story tower in the East Village. The East, located at 644 East 14th Street, offers 196 studio to two-bedroom apartments and luxury amenities, including a roof deck with East River views. New Yorkers earning 70 and 130 percent of the area median income can apply for the units, priced from $1,777/month studios to $4,315/month two bedrooms.
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Affordable Housing

Prada plans Fifth Avenue skyscraper with ultra-luxury apartments

Streetview of 720-725 Fifth Avenue © Google 2025

October 17, 2025

Prada plans Fifth Avenue skyscraper with ultra-luxury apartments

By Devin Gannon

Prada is teaming up with Related to build a mixed-use skyscraper at 720-724 Fifth Avenue, with a store on the ground level and office space and luxury apartments above, as first reported by Commercial Observer. The building may be attached to the Aman New York, a 26-story hotel-condo next door, and share the gilded tower's flashy amenities.
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Jamaica rental with sculpture garden opens lottery for 185 apartments, from $1,843/month

Credit: Bezier

October 8, 2025

Jamaica rental with sculpture garden opens lottery for 185 apartments, from $1,843/month

By Aaron Ginsburg

Applications are now being accepted for 185 mixed-income apartments at a massive development in Jamaica, Queens. Located at 166-20 90th Avenue, the two-building complex dubbed Ruby Square has over 600 apartments and nearly one acre of lush public and private outdoor spaces, including a tranquil interior courtyard with a sculpture garden. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, with rents starting at $2,688/month for studios, $1,843/month for one-bedrooms, and $2,188/month for two-bedrooms.
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Affordable Housing

Midtown office tower to become 107 studio apartments, first major conversion under rezoning

Streetview of 29 West 35th Street, © Google 2025

October 8, 2025

Midtown office tower to become 107 studio apartments, first major conversion under rezoning

By Devin Gannon

An underutilized Midtown office building is set to become over 100 studio apartments in its next life. Infinite Global Real Estate and Buttonwood Development, in partnership with 400 Capital Management, have acquired 29 West 35th Street, with plans to turn the 12-story tower into a rental building. The project marks the first major office-to-residential conversion in the neighborhood following the Midtown South rezoning, approved by the City Council this summer.
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Latest Midtown office conversion to bring nearly 450 apartments near Bryant Park

Photo by Jim.henderson on Wikimedia

October 7, 2025

Latest Midtown office conversion to bring nearly 450 apartments near Bryant Park

By Devin Gannon

Midtown's office-to-residential conversion boom continues. Developer Vanbarton Group announced last week it had acquired the building at 6 East 43rd Street after securing a $300 million loan from Brookfield. Vanbarton plans to convert the 27-story tower, known as the Emigrant Savings Bank building, into 441 apartments, including 111 affordable units.
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Sunset Park rental with bike storage hub opens lottery for 48 apartments, from $649/month

Credit: NYC Department of Housing Preservation and Development

October 3, 2025

Sunset Park rental with bike storage hub opens lottery for 48 apartments, from $649/month

By Aaron Ginsburg

A housing lottery launched this week for 48 mixed-income apartments at a new mixed-use development in Sunset Park. Rising 14 stories at 201 25th Street, One Sunset offers contemporary residences and amenities, including New York City’s first secure indoor bike storage hub. New Yorkers earning 30, 60, and 130 percent of the area median income can apply for the units, with rents ranging from $649 to $3,640/month for one-bedrooms, $762 to $1,715/month for two-bedrooms, and $1,963/month for three-bedroom apartments.
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Affordable Housing

NYC homeowners can now apply to build basement, backyard apartments

Image courtesy of NYC HPD

September 30, 2025

NYC homeowners can now apply to build basement, backyard apartments

By Devin Gannon

New York City homeowners can now apply to add basement, attic, and backyard apartments to their existing properties. On Tuesday, the city launched an applications portal for ancillary dwelling units (ADUs) at one- and two-family homes across the five boroughs, a key part of Mayor Eric Adams' City of Yes housing plan that passed last year. Adams also announced the "ADU For You" program to provide guidance and resources, including design help, to homeowners building ADUs.
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Policy

On the Rockaway peninsula, new rental opens lottery for 37 apartments, from $2,650/month

All images courtesy of the NYC Department of Housing Preservation and Development

September 24, 2025

On the Rockaway peninsula, new rental opens lottery for 37 apartments, from $2,650/month

By Aaron Ginsburg

Applications are being accepted for 37 middle-income apartments at a new residential development on the Rockaway peninsula. Located at 60-14 Beach Channel Road in Arverne, a small neighborhood between Rockaway Beach and Far Rockaway, the five-story building includes contemporary residences, surrounded by the Atlantic Ocean on one side and the Jamaica Bay on the other. New Yorkers earning 130 percent of the area median income can apply for the units, priced from $2,650/month studios to $2,800/month two bedrooms.
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Affordable Housing

Hell’s Kitchen and Times Square casino proposals rejected

Photo © Ondel Hylton

September 17, 2025

Hell’s Kitchen and Times Square casino proposals rejected

By Aaron Ginsburg

There will be no casino in Hell's Kitchen or Times Square. Bids by Silverstein Properties to build the $7 billion "Avenir" on Manhattan's far West Side and a Caesars Palace casino on Broadway by SL Green were rejected by community advisory committees on Wednesday, killing both proposals. Six remaining proposals vying for one of three downstate casino licenses to be awarded this year will be voted on by the committees this month.
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Policy

Construction to turn vacant Forest Hills hospital into 145 affordable apartments begins

Photo by Peter Wilk/Wilk Marketing Communications

September 17, 2025

Construction to turn vacant Forest Hills hospital into 145 affordable apartments begins

By Aaron Ginsburg

Construction has begun on an intergenerational affordable housing development at the site of a long-vacant hospital in Forest Hills. Foxy Development and Selfhelp Realty Group on Wednesday announced work has begun on The Perennial, a mixed-use project that converts the existing Parkway Hospital building, inactive since 2008, into 145 affordable apartments for seniors and families. Developers describe the $150 million project as one of New York's most complex public-private development projects in recent history and the neighborhood’s first deeply affordable senior housing project.
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Vornado reveals plans for apartment tower across from Madison Square Garden

Photo by Mobilus In Mobili via Wikimedia

September 8, 2025

Vornado reveals plans for apartment tower across from Madison Square Garden

By Aaron Ginsburg

Vornado Realty Trust has unveiled long-rumored plans for a new apartment building across from Madison Square Garden and Penn Station. As first reported by Crain's, Vornado President Michael Franco said during an investor conference last week that the firm will spend roughly $350 million to build a 475-unit rental at the northeast corner of West 34th Street and Eighth Avenue, across the street from the World's Most Famous Arena (and most infamous transit hub). The project is part of Vornado’s broader effort to redevelop the blocks around Penn Station, an effort slowed in recent years by market conditions.
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Hell’s Kitchen rental opens lottery for 42 apartments, from $1,800/month

Credit: NYC Department of Housing Preservation and Development

September 4, 2025

Hell’s Kitchen rental opens lottery for 42 apartments, from $1,800/month

By Aaron Ginsburg

Applications are now being accepted for 42 mixed-income apartments at a new luxury rental in Hell's Kitchen. The 28-story building at 250 West 49th Street offers spacious residences, a wide range of amenities, and a prime location with convenient access to public transit. New Yorkers earning 70 and 130 percent of the area median income can apply for the units, priced from $1,800/month studios to $4,349/month two bedrooms.
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Affordable Housing

Huge Coney Island complex opens lottery for 150 middle-income apartments, from $2,449/month

All renderings courtesy of NYC Department of Housing Preservation and Development

August 21, 2025

Huge Coney Island complex opens lottery for 150 middle-income apartments, from $2,449/month

By Devin Gannon

A three-tower luxury development in Coney Island opened a lottery last week for 150 middle-income apartments. Less than half a mile from the Riegelmann Boardwalk and beach, the sprawling development at 532 Neptune Avenue includes 499 apartments across three buildings and a whopping 95,000 square feet of amenities, including a rooftop, swimming pool, and a running track that encircles the property. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments, priced from $2,449/month for studios and going up to $3,495/month for a two-bedroom.
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Affordable Housing

Next Greenpoint Landing phase includes 1,000 apartments across three towers

Courtesy of C. Taylor Crothers / CTC Creative

August 19, 2025

Next Greenpoint Landing phase includes 1,000 apartments across three towers

By Devin Gannon

More than 1,000 new apartments are headed to the Greenpoint waterfront. The Domain Companies, LMXD, and Park Tower Group announced a joint venture partnership to build the next phase of Greenpoint Landing, a development along a 22-acre stretch of the East River that will eventually be home to 5,500 apartments. The next phase, "Block C" of the master plan, includes three mixed-income rental buildings, 20,000 square feet of retail space, and a waterfront public park.
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31-story Downtown Brooklyn rental tower opens lottery for 120 apartments, from $784/month

Credit: NYC Department of Housing Preservation and Development

August 13, 2025

31-story Downtown Brooklyn rental tower opens lottery for 120 apartments, from $784/month

By Aaron Ginsburg

Applications are now being accepted for 120 mixed-income apartments at a new 31-story rental tower in Downtown Brooklyn. Located at 202 Tillary Street, the property offers modern apartments with panoramic skyline views, complemented by a suite of upscale amenities. New Yorkers earning 40, 60, 110, and 120 percent of the area median income can apply for the units, with rents starting at $784/month for studios, $828/month for one-bedrooms, and $967/month for two-bedroom apartments.
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Affordable Housing

Everything old is new again: Why NYC buyers are choosing pre-war apartments over new developments

This pre-war co-op at the Oliver Cromwell, designed by Emery Roth, asked just under $6 million this year. Photo courtesy of Brown Harris Stevens.

August 11, 2025

Everything old is new again: Why NYC buyers are choosing pre-war apartments over new developments

Today’s real estate headlines are typically dominated by new renderings of geometric glass towers designed by big-name architects and the latest record-setting penthouse sales. But not all New Yorkers are in search of floor-to-ceiling windows and rooftop pools. Some prefer ceiling medallions, cozy fireplaces, and creaky floorboards. And these nostalgia seekers are a bigger part of the real estate market than you might imagine.
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TF Cornerstone plans to convert Billionaires’ Row office tower into 350 apartments

Photo by Tdorante10 via WikiCommons

August 7, 2025

TF Cornerstone plans to convert Billionaires’ Row office tower into 350 apartments

By Aaron Ginsburg

A prominent New York City developer wants to convert a 32-story Billionaires' Row office tower into over 300 apartments, joining the city’s growing wave of office-to-residential conversions. As first reported by Commercial Observer, TF Cornerstone will convert Tower 57 at 135 East 57th Street into 350 apartments, 25 percent of which would be affordable to households earning 80 percent of the area median income. The project would take advantage of the state’s 467-m tax incentive program and new zoning tools included in Mayor Eric Adams’ City of Yes housing plan.
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Developer wants to build huge South Bronx project with more than 1,100 affordable apartments

Credit: Aufgang Architects

July 23, 2025

Developer wants to build huge South Bronx project with more than 1,100 affordable apartments

By Aaron Ginsburg

The developer behind the redevelopment of the historic Kingsbridge Armory and other major Bronx projects wants to rezone a large site in the borough to allow for a pair of mixed-use towers with over 1,000 affordable apartments. Last week, William Bollinger, a development consultant with Maddd Equities, filed a rezoning application with the Department of City Planning (DCP) for 1014 Brook Avenue in Morrisania. The 1.2 million-square-foot project includes 1,128 affordable units across 22- and 26-story towers. As first reported by Crain's, the rezoning would permit both residential and manufacturing uses, as the site currently allows manufacturing only.
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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

By Devin Gannon

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.
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Affordable Housing

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.
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Affordable Housing

Former home of New York Stock Exchange in FiDi to become nearly 400 apartments

July 10, 2025

Former home of New York Stock Exchange in FiDi to become nearly 400 apartments

By Aaron Ginsburg

Plans were filed this week for another office-to-residential conversion in the Financial District. GFP Real Estate on Wednesday filed a permit application to convert the 20-story building at 40 Exchange Place into a mixed-use development with 382 apartments and retail space, as first reported by The Real Deal. The project is GFP’s latest conversion effort, following a $288 million construction loan secured in January for a similar project at 222 Broadway.
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Real Estate Trends

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.
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Affordable Housing

Silverstein adds 2,000 apartments to sweeten casino proposal for Manhattan’s west side

Renderings courtesy of Silverstein Properties / Binyan Studios

June 26, 2025

Silverstein adds 2,000 apartments to sweeten casino proposal for Manhattan’s west side

By Aaron Ginsburg

Silverstein Properties said it would develop more than 2,000 apartments through office-to-residential conversions on Manhattan's west side if its casino bid is awarded a license. The developer on Thursday announced a partnership with MetroLoft to develop the apartments, which would include 500 permanently affordable units, a day before casino proposals are due. The addition of housing sweetens Silverstein's $7 billion bid, The Avenir, which calls for a 1,000-room luxury hotel, restaurants, a food hall, and a gaming facility near the Javits Center. The previous plans had proposed 100 affordable apartments located off-site.
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East Village parking garage to become luxury, red-brick condo with 18 loft-style apartments

Renderings courtesy of Plomp

June 24, 2025

East Village parking garage to become luxury, red-brick condo with 18 loft-style apartments

By Aaron Ginsburg

An East Village parking garage plagued by structural issues is getting new life as an attractive red-brick condo with 18 loft-like residences. Designed and developed by Arcus, the project at 220 East 9th Street converts the shuttered 175-space garage into a six-story boutique building with one- to four-bedroom apartments, each with a distinct floor plan. Currently under construction, the condo will feature a hand-laid red brick facade punctuated by oversized arched and factory-style windows, and includes private on-site parking, a rarity in downtown Manhattan.
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59 apartments available at Midtown East luxury rental, from $1,644/month

Renderings courtesy of Anagram Turtle Bay

June 23, 2025

59 apartments available at Midtown East luxury rental, from $1,644/month

By Aaron Ginsburg

A new luxury residential tower in Midtown East just launched a lottery for 59 mixed-income apartments. Located at 300 East 50th Street, Anagram Turtle Bay is a 23-story residential building providing tenants a hotel-inspired lifestyle with luxurious amenities and spacious residences. New Yorkers earning 70 and 130 percent of the area median income can apply for the units, priced from $1,644/month studios to $4,415/month two-bedrooms.
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Affordable Housing

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