The price is right, but the location may not be the most desirable for this new affordable housing building, as it’s situated directly alongside the off-ramp to the Queensboro Bridge. Traffic views aside (we’re hoping they installed sound-proof windows), these 20 apartments at 321 East 60th Street include $1,254/month one-bedrooms and $1,511/month two-bedrooms for those earning 80 percent of the area median income.
Here’s our first look at a seven-unit boutique condominium slated for a mid-block site at 231 West 26th Street in northern Chelsea. The developer is the New York-based Azimuth Development Group who plans to supersize the existing four-story building between Seventh and Eighth Avenues. Permits were filed and approved earlier this year and DOB signs have already been posted on the doorway. The 24-foot addition will blot out a few floors of lot-line windows of the adjacent co-op 233 West 26th Street, where a three-bedroom home is on the market for $4.5 million, a price that will likely be similar to its new neighbor.