Madison Realty Capital

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

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.
See more here

Affordable Housing

144 affordable units available at new development in Woodside, from $1,511/month

Renderings courtesy of the NYC Department of Housing Preservation and Development

March 21, 2023

144 affordable units available at new development in Woodside, from $1,511/month

By Aaron Ginsburg

A housing lottery opened this week for 144 affordable apartments at a major new mixed-use development in Queens. Developed by Madison Realty Capital, Woodside Central occupies a full block from 69th Street to 70th Street on the border of Elmhurst and Woodside and includes over 470 mixed-income homes, a new public school, and public outdoor space. New Yorkers earning 80 percent of the area median income, or between $55,886 annually for a single person and $115,280 annually for a household of five, can apply for the affordable apartments, priced from $1,511/month studios to $1,824/month two-bedrooms.
How to apply

Affordable Housing

Lottery opens for 24 income-restricted condos in Bed-Stuy, available to buy from $204K

Rendering courtesy of the NYC Department of Housing Preservation and Development

November 19, 2021

Lottery opens for 24 income-restricted condos in Bed-Stuy, available to buy from $204K

By Devin Gannon

Applications are now being accepted for 24 income-restricted condos available for purchase in Bed-Stuy. Located at 948 Myrtle Avenue, the apartments are open to New Yorkers earning 60 or 80 percent of the area median income, ranging from a single person with an income of between $37,500 and $50,160 and a five-person household with an income up to $103,120. Available as part of the city's Inclusionary Housing Program, the units include a mix of studio, one-, and two-bedroom homes, listed for between $203,682 and $355,811.
Find out if you qualify

170-year-old Greenwich Village buildings will be razed and replaced with high-rise condo tower

Rendering courtesy of Robert A.M. Stern Architects, Acheson Doyle Partners, Hill West Architects

May 12, 2021

170-year-old Greenwich Village buildings will be razed and replaced with high-rise condo tower

By Devin Gannon

Two five-story apartment buildings in the Greenwich Village Historic District will be demolished to make way for a 213-foot-tall luxury condo tower. The Landmarks Preservation Commission on Tuesday approved plans from Madison Realty Capital and City Urban Realty to raze 14-16 Fifth Avenue, an apartment building that sits just north of Washington Square Park. Preservationists campaigned against the demolition of the building since the project was first announced in 2017, citing the history of the 170-year-old structure as significant enough for protection.
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Policy

Lottery launches for 38 affordable units at an amenity-rich Clinton Hill building, from $735/month

Rendering via HTO Architect

March 26, 2018

Lottery launches for 38 affordable units at an amenity-rich Clinton Hill building, from $735/month

By Devin Gannon

Located within walking distance to the Barclays Center and Prospect Park, a newly constructed building at 555 Waverly Avenue in Clinton Hill has 38 affordable apartments up for grabs. The eight-story building, situated between bustling Fulton Street and Atlantic Avenue, features amenities like on-site parking, a landscaped roof deck, indoor lounges and a 1,500-square-foot fitness center. Qualifying New Yorkers earning 60 percent of the area median income can apply for the units ranging from $735/month studios to $888/month two-bedroom apartments.
Find out if you qualify

Affordable Housing

July 21, 2014

Real Estate Wire: Juul-Hansen’s Condos Hugging the High Line; Own a Villa on Staten Island

By Diane Pham

Juul-Hansen’s condos are on the rise and now flanking both sides of the High Line Park. [Curbed] Manhattan’s office buildings are being valued at pre-crash levels. [WSJ] Who owns New York? Chinese developers apparently. Here are four high-profile Chinese developers pouring their cash into Manhattan. [TRD] Own your own “Italian/French” villa… on Staten Island. [Curbed] New kid on the […]

Real Estate Trends

June 7, 2014

Heritage Equity Partners Continues Its Gentrification of Brooklyn: Next Stop, Crown Heights

By Stephanie Hoina

With its beautiful brownstones and tree-lined streets, Crown Heights was once among the city’s premier neighborhoods prior to WWII. And though much has changed in subsequent years, Heritage Equity Partners is betting on its posh roots, acquiring a controlling interest in a new development project at 564 St. John’s Place. The deal values the property at close […]

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Madison Realty Capital

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

144 affordable units available at new development in Woodside, from $1,511/month

Lottery opens for 24 income-restricted condos in Bed-Stuy, available to buy from $204K

170-year-old Greenwich Village buildings will be razed and replaced with high-rise condo tower

Lottery launches for 38 affordable units at an amenity-rich Clinton Hill building, from $735/month

Real Estate Wire: Juul-Hansen’s Condos Hugging the High Line; Own a Villa on Staten Island

Heritage Equity Partners Continues Its Gentrification of Brooklyn: Next Stop, Crown Heights

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