Albertson
REAL ESTATE
Lower East Side rental opens lottery for 196 affordable apartments, from $454/month
Rendering courtesy of NYC Department of Housing Preservation and Development. A housing lottery launched this week for 196 affordable apartments in a new rental building on the Lower East Side. Located at 165 Broome Street, the 15-story building offers tenants new residences in one of New York City’s trendiest neighborhoods. New Yorkers earning 30, 50, 70, and 80 percent of the area median income, or between $18,480 for a single person and $154,080 for a household of seven, can apply for the units, which range from $454/month studios to $2,949/month for a three bedroom.
$10M Sands Point Home Promises 'Privacy, Elegance, Serenity'
The home at 18 Hicks Lane in Sands Point is a “secluded Oasis” waiting for its next owners. On the market for $9.9 million, the seven-bedroom, eight-bathroom home sits on a 5.7-acre lot at the end of a long driveway. Inside, it boasts 8,100 square feet of roomy,...
For $7.9M, this sprawling four-bedroom Chelsea condo is a modern city mansion in a landmarked building
Photo credit: Anton Brookes at H5 Property for The Corcoran Group. On Manhattan’s west side, the landmarked Cass Gilbert building at 130 West 30th Street is a classic Chelsea address. Asking $7,850,000, this 21st-century condo spans 4,000 square feet, offering the kind of space you’d expect in a country mansion, surrounded by iconic New York City views. There’s an abundance of outdoor space in the form of two sweeping terraces, so you can even include your garden dreams in your modern city estate.
Manhattan is now a 'buyer's market' as real estate prices fall and inventory rises
Manhattan home price declines are a result of rising inventory of apartments for sale, which are also taking longer to sell. The gap between buyer and seller expectations is narrowing, and more deals are closing. High rents in Manhattan are also helping sales as many potential buyers who were waiting...
Affordable Housing Lottery Launched in New York City; Multiple Apartments Up for Lease under NYC Housing Connect
A new residential building in Bedford-Stuyvesant, Brooklyn, offers affordable housing options through a lottery system. The structure, consisting of 33 residences, was designed by Adam R. Taddonio and developed by Isaac Broyn under the 952 Bedford LLC. There are ten units available on NYC Housing Connect for residents with incomes...
Bronx PACT Modernization Project Secures $275M in Financing
The New York City Housing Authority (NYCHA) has secured $275 million in financing for Sack Wern Houses, a PACT project in the Bronx. This funding will facilitate comprehensive renovations for 800 residents across seven buildings, converting them to Project-Based Section 8. The PACT partners, Douglaston Development, Asland Capital Partners, and...
Long Island City developers celebrate completion of 46-unit condo building and other milestones
Over 400 guests, including those involved in developing and selling Noble LIC, a 46-unit luxury condominium on 40th Avenue, celebrated several milestones with a launch party on Thursday, June 20. The first milestone recognized by attendees was the development’s offering plan being declared effective. This means that the paperwork detailing...
A&E grants Sunnyside fire victims housing extension at 11th hour
A&E Real Estate has reached an agreement on living arrangements with Sunnyside tenants pushed out by a fire late last year, with help from a Queens elected official. Residents of 43-09 47th Avenue were displaced by a devastating fire sparked in late December by a contractor working with a blowtorch. Some tenants at the time took A&E’s offer of housing for six months, which expired today.
Permits Filed for 205 East 110th Street in East Harlem, Manhattan
Permits have been filed for a 15-story mixed-use building with affordable housing at 205 East 110th Street in East Harlem, Manhattan. Located between Second and Third Avenues, the lot is one block from the 110th Street subway station on Lexington Avenue, served by the 6 train. Elie Fouerti is listed as the owner behind the applications.
Townhouses tie up June in Brooklyn’s luxury market
Townhouses continued their hot summer streak in Brooklyn’s luxury market, with one peak property trading before listing. The property type took home the four most expensive contracts signed last week, making its fifth consecutive week atop the Brooklyn luxury market, according to Compass’ weekly report on properties asking $2 million or more.
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