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REAL ESTATE
#1 and #2 Wealthiest Suburbs in America Are Located in New York
New York State is a great place to live. While its New England neighbors often get attention for their great quality of life, New York has a ton to offer its residents. From its rich history, natural beauty, and diverse culture, there is something for everyone. It likely won't come...
NYC developer gets nearly $1B loan to build residential towers overlooking Hudson River
As foundation work proceeds on two dramatically styled downtown apartment towers, the high-profile riverfront project just landed the cash foundation it needed. Atlas Capital Group nailed down a $985 million construction loan to build the towers at 80 Clarkson Street, which it’s developing with Zeckendorf Development and Baupost Group, sources told The Post. The fresh financing — believed to be the largest Manhattan residential-construction loan since before the pandemic — means the full-block project will soon “go vertical” at the Hudson River site between Houston and Clarkson streets. Related Companies to build 1,200-foot skyscraper on Madison Avenue One tower is expected to...
An affordable housing lottery just opened on Manhattan’s Lower East Side
The Lower East Side continues to be one of the coolest neighborhoods in New York City, boasting good restaurants (Fish Cheeks and Golden Diner, for instance) and cultural hotspots like the Tenement Museum, the New Museum and yes, even Dimes Square. Living there, however, is hella expensive. According to RentHop.com, the average monthly rent price in 2024 was $3,300 for a studio with the median price at about $5,825.
Renter demand in NYC drops as asking rent continues to increase: StreetEasy
NEW YORK (PIX11) – People in New York City are looking to stay in their current apartments instead of moving this summer as rent continues to increase, according to a new study from StreetEasy. The median asking rent in the Big Apple was $3,800 a month in June, over 1% higher than last year’s asking […]
Guest Opinion | City of Yes: A Little More Housing in Every Neighborhood
BY NYC MAYOR ERIC ADAMS | Our city is facing a generational housing crisis with a vacancy rate at 1.4 percent, and half of all New York renters are paying more than 30 percent of their income in rent. The only way to solve this crisis is simple: build more. That requires all of us to say “Yes” to a little more housing in every neighborhood and “Yes” to City of Yes for Housing Opportunity plan — the most pro-housing zoning proposal in New York City’s history.
Affordable Housing Waiting List Opens at The Max
If you fall in the 40%, 60% and 120% AMI brackets, the affordable housing waiting list for The Max at 606 W57th Street is accepting applications for current and future vacancies. Two studios, four one-bedrooms and four two-bedroom units are available now at the luxury residential development between 11th and 12th Avenues. You can also […] The post Affordable Housing Waiting List Opens at The Max appeared first on W42ST.
List: Affordable housing lotteries open in the Bronx
THE BRONX, N.Y. (PIX11) – Four affordable housing lotteries are currently open in the Bronx, according to NYC Housing Connect. NYC Housing Connect is an online portal where people can find and apply for affordable housing opportunities in New York City. Here’s a list of the affordable housing lotteries open in the Bronx, including the […]
5-Story Multifamily Residential Building Coming To Heart Of Westchester Village
A five-story residential building containing more than 150 apartment units is set to be built in the center of a Westchester County village in close proximity to a Metro-North train station. The 1.44-acre development, to be known as the Station Lofts, will be located in Port Chester at 67 New …
Estela In Mott Haven, Affordable Luxury In The South Bronx
Today the Domain Companies announced more details regarding Estela, the two-building rental development just one stop away from Harlem, NY. Estela, which has 380 market rates and 164 affordable rental apartments to Mott Haven, is 80 percent leased. This milestone follows a year of leasing, with residents moving in as...
Hakimian Affiliate Lands $175M Construction Takeout for Woodside Mixed-Use
Eight West, an affiliate of The Hakimian Organization, has secured a $175-million construction take-out loan from Apollo and Lionheart Strategic Management to finance its newest development, SOLA. The 12-story, 364-unit mixed-use residential project is located at 72-01 Queens Blvd. in Woodside. Newmark arranged the financing for Eight West. The team...
Empowering Queens: NHSQ Housing Expo 2024
Neighborhood Housing Services of Queens’ (NHS of Queens) Housing Expo, held June 29th at the Queens Museum, was once again a resounding success. Hundreds of community members received assistance to obtain homeownership and secure stable housing. Yoselin Genao-Estrella, Executive Director of NHS of Queens, proudly reflected on the Expo’s...
Queens is king of outer-borough office sales in recent years
Brooklyn has long held a reputation for being the city’s top market for office property outside of Manhattan. But recent data shows that Queens scored the most deal volume over the past two and a half years. Though the difference in total volume was small — just under $114...
La Mora Senior Housing Opens At 23 Mulberry Street In Yonkers
Officials from various levels of government joined the Mulford Corporation to celebrate the grand opening of La Mora, a senior housing project at 23 Mulberry Street in Yonkers. The $48 million four-story building features 60 energy-efficient, affordable apartments. It was designed by Perkins Eastman. La Mora is one of the...
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