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REAL ESTATE
56 affordable apartments available at luxury Williamsburg rental, from $1,757/month
Renderings courtesy of the NYC Department of Housing Preservation and Development. Applications are being accepted for 56 below-market-rate apartments at a new luxury rental in Williamsburg. The nine-story building at 597 Grand Street offers residents spacious units with modern amenities, like a fitness center and rooftop terrace. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $1,757/month for studios to $3,963/month for two bedrooms.
COOKFOX is flipping a former prison in Manhattan into affordable housing
The art deco building at 550 West 20th Street in Manhattan has lived many lives. It’s well-known in Chelsea for its chamfered corner that greets pedestrians turning from West 20th Street onto 11th Avenue. Shreve, Lamb and Harmon—the same office behind the Empire State Building—designed it in 1931 to...
U.S. home prices hit a record high as sales fell. Here’s how housing experts explain the trends
U.S. median home prices hit a record high for the second month in a row as sales continued to fall, according to a report released this week, as potential buyers continue to lie in wait for lower mortgage rates. Existing home sales fell 5.4% in June and median home sales reached its highest level on […]
$500 million announced for affordable housing across NYC
A $500 million commitment from the Battery Park City Authority’s joint purpose fund was announced this week, for projects to build and maintain affordable housing across New York City. “To solve a generational housing and affordability crisis, every sector has a role in providing relief to working-class New Yorkers....
A Bay Ridge Row House and More to See, Starting at $699K
Our picks for open houses to check out this weekend are found in Prospect Heights, Bay Ridge, and Flatlands. They range in price from $699,000 to $3.799 million. Broker: Compass (Violette Tonuzi) Sunday July 28, 11:30 a.m.-1 p.m. See it here -> 212 St. Marks Avenue. Price: $3.389 million. Area:...
$1.5M Clinton Hill co-op is a modern home base in a classic loft space
Photos courtesy of Rachel Kuzma/Real Estate Productions for The Corcoran Group. The boutique co-op building at 110 Clifton Place in Clinton Hill was once a ping-pong table factory, giving it plenty of loft conversion authenticity. This two-bedroom home has the 12-foot ceilings, exposed beams and pre-war feel you’d expect from a New York City loft, with 21st-century interior details for easy–and easy-on-the-eyes–living. Asking $1,500,000, the loft has an elevated bonus space for extra storage or a cozy playroom nook.
Multifamily milestones: The Jefferson hits lease-up, Starling see 75%
Two new multifamily options in active North Jersey communities are celebrating leasing milestones. Both are drawing tenants, to Bergen and Hudson counties, with amenity-rich lifestyles and accessible ...
Developer Secures $13.4 Million Mezzanine Loan For 813-815 Broadway In Greenwich Village, Manhattan
Naftali Credit Partners has issued a $13.4 million mezzanine loan for the development of 813-815 Broadway, a new residential property in Greenwich Village, Manhattan. The loan is part of the $31.4 million in mezzanine financing recently issued by Naftali to Magnum Real Estate Group, the project’s developer. 813-815 Broadway...
$18 Million Mezzanine Loan Provided For 24-01 Queens Plaza North In Long Island City, Queens
Naftali Credit Partners, a subsidiary of Naftali Group, has closed on an $18 million mezzanine loan for 24-01 Queens Plaza North, a new residential project in Long Island City, Queens. The loan is one of two recent mezzanine loans issued by Naftali Credit Partners, totaling $31.4 million combined, and was issued to the project’s developer, New Empire.
Permits Filed for 376 Vernon Avenue in Stuyvesant Heights, Brooklyn
Permits have been filed for a five-story residential building at 376 Vernon Avenue in Stuyvesant Heights, Brooklyn. Located between Stuyvesant Avenue and Lewis Avenue, the lot is near the Myrtle Avenue subway station, serviced by the J, M, and Z trains. Yitzchok Schwartz of YS Developers is listed as the owner behind the applications.
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