Search Results for: On The Square apartments

See plan to convert FiDi office tower 55 Broad into 571 market-rate apartments

Image courtesy of Joe Woolhead

August 1, 2023

See plan to convert FiDi office tower 55 Broad into 571 market-rate apartments

The plan to convert the Financial District office tower at 55 Broad Street into apartments is finally moving forward, with a closed deal and the release of new renderings this week. Silverstein Properties and Metro Loft Management on Monday announced they bought the tower for $172.5 million with plans to turn the 30-story office tower into a residential building with 571 market-rate apartments; upon completion, it will be one of New York City's largest office-to-residential conversions ever. Construction is expected to start in August and take roughly two years.
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Real Estate Trends

Ridgewood’s tallest tower opens lottery for 40 luxury apartments, from $2,750/month

Renderings courtesy of the NYC Department of Housing Preservation and Development

July 21, 2023

Ridgewood’s tallest tower opens lottery for 40 luxury apartments, from $2,750/month

By Aaron Ginsburg

A housing lottery opened this week for 40 middle-income units at a new luxury residential development in Ridgewood. At 17 stories, the Ridgewood Apartments at 1607 Woodbine Street is one of the tallest residential properties in the neighborhood. New Yorkers earning 130 percent of the area median income, or between $94,286 for a single person annually and $198,250 for a household of five, are eligible to apply for the units, which include $2,750/month one-bedrooms and $3,599/month two-bedrooms.
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Affordable Housing

56 apartments for low-income seniors available in Inwood

Renderings courtesy of Coconut Properties

July 10, 2023

56 apartments for low-income seniors available in Inwood

By Aaron Ginsburg

56 affordable units designed for seniors are available at a new senior supportive housing project in Manhattan. Located at 37 Hillside Avenue in Inwood, the building offers senior residents social services, space to worship, and plenty of outdoor green space. Applicants must have at least one household member who is 62 years of age or older, qualifies for Section 8 benefits, and earns no more than $60,050 annually. Eligible New Yorkers will pay 30 percent of their income for the available studio and one-bedroom apartments.
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Affordable Housing

Lottery opens for 300+ affordable apartments at major East New York project, from $419/month

Rendering courtesy of Dattner Architects

June 19, 2023

Lottery opens for 300+ affordable apartments at major East New York project, from $419/month

By Devin Gannon

The largest project to stem from the 2016 rezoning of East New York launched a housing lottery for over 300 affordable apartments this week. Developed by the housing nonprofit Phipps Houses, Atlantic Chestnut is a block-long development with three interconnected buildings and more than 1,100 units of affordable housing. As part of the first phase, 341 apartments are available at 250 Euclid Avenue. Qualifying New Yorkers earning 30, 40, 50, 60, and 80 percent of the area median income can apply for the available apartments priced from $419/month studios to $2,273/month three-bedrooms.
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Affordable Housing

Apply for 316 mixed-income apartments within Greenpoint Landing, from $410/month

Rendering courtesy of Handel Architects

June 1, 2023

Apply for 316 mixed-income apartments within Greenpoint Landing, from $410/month

By Aaron Ginsburg

A housing lottery opened this week for 316 mixed-income units at a new residential development on Brooklyn's waterfront. Located at 35 Commercial Street, the building is part of the 22-acre Greenpoint Landing development. New Yorkers earning 30, 50, 80, and 110 percent of the area median income, or between $17,006 annually for a single person and $158,510 for a household of five, are eligible to apply for the apartments, which range from $410/month studios to $2,572/month two bedrooms.
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Affordable Housing

$416M mixed-use development will bring 700 new apartments to Inwood

Renderings courtesy of the New York Governor’s Office

May 10, 2023

$416M mixed-use development will bring 700 new apartments to Inwood

By Aaron Ginsburg

A massive mixed-use development project will bring nearly 700 mixed-income housing units to Upper Manhattan. Gov. Kathy Hochul on Tuesday announced the two buildings, located at 405 and 407 West 206th Street in Inwood, will feature all-electric heating and cooling and other sustainable features to help the state reach its carbon reduction goals. The $416 million complex includes a mix of studio, one, two, and three-bedroom apartments, 281 of which will be reserved for residents earning at or below 80 percent of the area median income.
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One of the last remaining privately owned townhouses on Washington Square Park asks $30M

Photo credit: Eitan Gamliely for Sotheby’s International Realty

April 14, 2023

One of the last remaining privately owned townhouses on Washington Square Park asks $30M

By Michelle Cohen

Filled with unique opportunities both financial and residential, this stately five-story brick townhouse is also an opportunity to own a piece of New York City history. Asking $29,950,000, the five-unit building at 26 Washington Square North, spanning 8,750 square feet from bottom to top, is among the last remaining privately owned townhouses fronting Washington Square Park in Greenwich Village.
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Distinctive Homes

April 6, 2023

Daniel Libeskind’s affordable Bed-Stuy rental opens lottery for 99 senior apartments

By Aaron Ginsburg

Applications are now being accepted for 99 apartments at a unique senior housing development in Brooklyn designed by renowned architect Daniel Libeskind. Located at 57 Marcus Garvey Boulevard, the Atrium at Sumner is an 11-story, Passive House-certified building with 190 affordable units and 7,500 square feet of community space. Applicants must have at least one household member who is 62 years of age or older, qualifies for Section 8 benefits, and earns no more than $60,050 annually. Eligible New Yorkers will pay 30 percent of their income for the available studio and one-bedroom apartments.
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Affordable Housing

Brooklyn’s tallest tower launches lottery for 120 middle-income apartments, from $2,630/month

Image courtesy of Evan Joseph

March 29, 2023

Brooklyn’s tallest tower launches lottery for 120 middle-income apartments, from $2,630/month

By Aaron Ginsburg

Here's a chance to live in Brooklyn's tallest tower for (slightly) less. The 93-story Brooklyn Tower launched a housing lottery this week for 120 middle-income apartments. New Yorkers earning 130 percent of the area median income, or between $90,172 annually for a single person and $215,150 for a household of seven, can apply for the units, priced between $2,630/month for studios and $3,872/month for three bedrooms.
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Affordable Housing

108 apartments for low-income seniors available in Brownsville

Rendering courtesy of the NYC Department of Housing Preservation and Development

March 28, 2023

108 apartments for low-income seniors available in Brownsville

By Aaron Ginsburg

A housing lottery opened this week for 108 apartments at a new senior housing development in Brooklyn. Located at 381-401 Chester Street in Brownsville, Simba Simbi Seniors is an eight-story apartment building offering senior residents comfortable homes and a wide variety of amenities. Applicants must have at least one household member who is 62 years of age or older, qualifies for Section 8 benefits, and earns no more than $60,050 annually. Eligible New Yorkers will pay 30 percent of their income for the available studio and one-bedroom apartments.
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Affordable Housing

156 affordable apartments available at 16-story Bronx rental, from $397/month

Image courtesy of the NYC Department of Housing Preservation and Development

March 8, 2023

156 affordable apartments available at 16-story Bronx rental, from $397/month

By Aaron Ginsburg

An affordable housing lottery opened this week for 156 apartments in the Bronx. Located at 1923 West Farms Road in West Farms, the 16-story rental dubbed Compass Six offers tenants spacious units and outdoor space. New Yorkers earning 30, 50, 70, and 80 percent of the area median income, or between $16,183 annually for a single person and $132,400 annually for a household of seven, can apply for the apartments, priced from $397/month studios to $2,273/month three bedrooms.
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Affordable Housing

Manhattan apartments are bigger now than a decade ago

Photo by Goh Rhy Yan on Unsplash

February 23, 2023

Manhattan apartments are bigger now than a decade ago

By Aaron Ginsburg

Believe it or not, new apartments in Manhattan are getting bigger. Despite being notorious for its small, compact apartments, Manhattan rentals actually gained an average of 19 square feet since 2013, an increase of 3 percent, according to new data released this week by RentCafe. The borough is an outlier when looking at the rest of the country, where newly constructed units continue to shrink in size, and even compared to other parts of New York City. The average space of new rentals in Brooklyn and Queens decreased by seven percent over the last decade, costing renters roughly 45 square feet.
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Real Estate Trends

NYC Council approves two projects that together bring 5,000 apartments to Brooklyn and Queens

Rendering of the proposed Innovation QNS district. Image courtesy of VERO Digital

November 23, 2022

NYC Council approves two projects that together bring 5,000 apartments to Brooklyn and Queens

By Aaron Ginsburg

The New York City Council on Tuesday voted to approve rezonings Innovation QNS in Astoria and Innovative Urban Village in East New York, two mixed-use districts that will create more than 5,000 units of housing, with 65 percent of them designated affordable. Over 34 percent, or 1,900 of the new housing units, will be deeply affordable for extremely or very low-income households.
Details here

199 affordable apartments available at new Bed-Stuy rental, from $375/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

November 4, 2022

199 affordable apartments available at new Bed-Stuy rental, from $375/month

By Aaron Ginsburg

A housing lottery opened this week for 199 affordable units at a new housing project in Brooklyn. Located at 1921 Atlantic Avenue in Bed-Stuy, the 14-story mixed-use building has 236 total units, several community facilities, and a ground-floor grocery floor. New Yorkers earning 30, 50, 70, and 80 percent of the area median income, or between $16,218 for a single person and $132,400 for a household of seven people, are eligible to apply for the apartments which range from $375/month studios to $2,501/month three bedrooms.
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Affordable Housing

Apply for 37 mixed-income apartments at a new Williamsburg rental, from $1,576/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

October 10, 2022

Apply for 37 mixed-income apartments at a new Williamsburg rental, from $1,576/month

By Devin Gannon

On the site of a former bank and large parking lot, a new 123-unit rental is rising in Williamsburg. Located at 416 Metropolitan Avenue, the eight-story building opened an affordable housing lottery this week for 37 mixed-income apartments. Qualifying New Yorkers earning 80 and 130 percent of the area median income can apply for the apartments, ranging from $1,576/month for studios to $3,733/month for two-bedroom units.
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Affordable Housing

Proposed $2B mixed-use district with 2,800 new apartments in Astoria moves forward

Renderings by VERO Digital

September 22, 2022

Proposed $2B mixed-use district with 2,800 new apartments in Astoria moves forward

By Devin Gannon

A plan to build a large-scale development with 2,800 apartments in Astoria is moving forward. The City Planning Commission on Wednesday voted in favor of Innovation QNS, a $2 billion mixed-use district proposed for five blocks in the Queens neighborhood, spanning 37th Street to Northern Boulevard, between 35th and 36th Avenues. The project will then head to the City Council for a final vote where it may face resistance from the local representative, Council Member Julie Won, who said she wants at least 50 percent of the apartments to be affordable.
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Leasing launches at waterfront rental Astoria West, with apartments priced from $2,920/month

Rendering: Binyan Studio

June 21, 2022

Leasing launches at waterfront rental Astoria West, with apartments priced from $2,920/month

By Aaron Ginsburg

A new three-building development in Astoria with hundreds of apartments officially launched leasing on Tuesday. Developed by Cape Advisors, Astoria West, located at 30-77 Vernon Boulevard faces the tiny urban "beach" Hallet's Cove and contains 534 rentals and more than 40,000 square feet of amenities. Available units range from studios to two bedrooms, priced from $2,920/month.
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Work finally begins on Kushner’s One Journal Square project in Jersey City

All renderings courtesy of Kushner unless otherwise noted

June 17, 2022

Work finally begins on Kushner’s One Journal Square project in Jersey City

By Aaron Ginsburg

Construction is finally underway at Kushner's huge One Journal Square project in Jersey City. The nearly $1 billion mixed-use development consists of two 710-foot-tall towers with more than 1,700 rentals and 45,000 square feet of amenities and public space, including a new Target location as its anchor tenant. The developer was joined by Jersey City Mayor Steven Fulop during a groundbreaking ceremony at the Journal Square site on Thursday.
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Apply for 268 mixed-income apartments at new 19-story East Harlem tower, from $625/month

Rendering courtesy of S9 Architecture

May 27, 2022

Apply for 268 mixed-income apartments at new 19-story East Harlem tower, from $625/month

By Devin Gannon

About three years since breaking ground, One East Harlem has launched a housing lottery for 268 affordable apartments. Designed by S9 Architecture, the 19-story tower is located at 201 East 125th Street and contains over 400 units of housing, an affordable grocery store, and a new home for the Caribbean Cultural Center African Diaspora Institute. Qualifying New Yorkers earning 40, 50, 100, and 165 percent of the area median income can apply for the apartments, priced from a $625/month studio to a $3,142/month three-bedroom.
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Affordable Housing

Brooklyn’s Grand Prospect Hall to be replaced with luxury apartments

Image courtesy of Michael Roberto on Wikimedia

February 3, 2022

Brooklyn’s Grand Prospect Hall to be replaced with luxury apartments

By Aaron Ginsburg

Brooklyn's cherished 119-year-old Grand Prospect Hall will be replaced with a new luxury apartment building. The Victorian-era banquet hall located at 263 Prospect Avenue in Greenwood Heights was owned for over 40 years by Michael and Alice Halkias, who captured the attention of New Yorkers through their over-the-top television commercials advertising the hall. As first reported by Yimby, permits were filed last month for a 147-unit apartment building at the site with 180 underground parking spaces, recreational spaces, and a fitness room.
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New Developments

$12M Park Slope townhouse with four terraces, a garage, and gym was formerly eight apartments

Photo credit: Travis Mark

February 2, 2022

$12M Park Slope townhouse with four terraces, a garage, and gym was formerly eight apartments

By Michelle Cohen

One in a row of 12 Romanesque Revival townhouses that line the street across from Prospect Park, this graceful five-story Park Slope brownstone at 608 Fifth Street is the result of a $6 million renovation by its owners, design pros The Brooklyn Home Company. The home's covetable attributes befit a mansion with an asking price of $11.995 million, including multiple terraces, a rooftop kitchen, a basement gym, a rebuilt central spiral staircase, and a private garage with a full glass wall. According to the Wall Street Journal, the landmarked home was built in its current grand style at the turn of the 20th century and converted in the 1940s into an eight-unit apartment building.
Tour this Park Slope beauty

Distinctive Homes

Lottery opens for 134 apartments at new waterfront rental in Mott Haven, from $1,795/month

Rendering courtesy of ArX Solutions

January 26, 2022

Lottery opens for 134 apartments at new waterfront rental in Mott Haven, from $1,795/month

By Aaron Ginsburg

A housing lottery opened this week for 134 middle-income units at a new development in the South Bronx. Developed by Brookfield Properties, Third at Bankside is the first phase of Bankside, the most expensive private development in Bronx history. New Yorkers earning 130 percent of the area median income are eligible to apply for the apartments, which range from $1,795/month studios to $2,900/month two-bedrooms.
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Affordable Housing

See inside NYC’s new luxury condo Flatiron House, where gardens bloom into apartments

Rendering courtesy of Wordsearch

January 25, 2022

See inside NYC’s new luxury condo Flatiron House, where gardens bloom into apartments

By Aaron Ginsburg

Sales launched this week at a new luxury condo building in the Flatiron District that utilizes biophilic design principles. Designed by COOKFOX Architects, Flatiron House, located at 39 West 23rd Street, incorporates nature into its appearance, including planted and irrigated Juliet balconies and a lush central garden. Developed by Anbau Development, Flatiron House contains 44 total residences, priced between $1.98 million and $13 million.
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205 moderate-income apartments available on Greenpoint’s waterfront, from $1,528/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

January 25, 2022

205 moderate-income apartments available on Greenpoint’s waterfront, from $1,528/month

By Aaron Ginsburg

A housing lottery opened this week for 205 moderate-income units in a new residential building in Greenpoint, Brooklyn. Developed by Halcyon Management Group, 23 West Street is a 14-story residential building that sits within the Calyer Place development project currently under construction on the Brooklyn waterfront. New Yorkers earning 80 percent of the area median income are eligible to apply for the apartments, which range from $1,528/month studios to $1,955/month for two bedrooms.
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Affordable Housing

Lottery opens for 288 apartments at 71-story rental in Long Island City, from $2,132/month

Photo: The Durst Organization/ Giles Ashford

January 18, 2022

Lottery opens for 288 apartments at 71-story rental in Long Island City, from $2,132/month

By Devin Gannon

Late last year, leasing launched at Sven, a 71-story rental in Long Island City and the second tallest building in Queens. This week, an affordable housing lottery for 288 middle-income apartments opened at the residential skyscraper located at 2959 Northern Boulevard. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments, which range in price from $1,990/month studios to $3,843/month three-bedrooms.
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Affordable Housing

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