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REAL ESTATE
Take a look inside the Inwood apartments offering rents as low as $380
NEW YORK - A new apartment building above the renovated Inwood Library showcases the vision of the city's Housing Preservation and Development division, with rents as low as $380 and access to child care and training.Eliza Tower in Inwood offers "affordable luxury"Manhattan apartments often offer amenities at a hefty price, but not at Inwood's new Eliza Tower. HPD rezoned the property alongside the Inwood Library to build what Commissioner Adolfo Carrion calls "affordable luxury."At the Eliza, the most expensive three-bedroom is just $1,800 for families making 60% of the area median income. One-bedroom units go as low as $380 --...
Dursts look to sell major East Harlem dev site
The Dursts are looking to sell their large development site in East Harlem after the state hammered out a replacement for 421a. The Durst Organization put its property at 1800 Park Avenue up for sale, a spokesperson for the company confirmed to The Real Deal. It wasn’t clear what price the company is targeting, but with nearly 700,000 square feet of buildable floor area available, a deal could easily reach into nine figures.
Housing lottery opens for 196 rent-stabilized apartments on the Lower East Side
Housing lottery applications are open for 196 rent-stabilized apartments at a new development on the Lower East Side of Manhattan. New Yorkers who earn $18,480 to $154,080 are eligible to apply, depending on the size of their household. Rents start at $454 for a studio. The building at 165 Broome...
Brick Underground’s best advice from New Yorkers who lived through real estate drama
No two buildings are the same in New York City, which makes navigating a sale or moving to a rental its own unique experience. Even so, there’s no need to make the mistakes of those who’ve gone before you. Here's Brick Underground's best advice, culled from our first-person...
$332M Affordable Project to Kick Off in Staten Island
Nearly 600 units across 16 buildings will receive comprehensive upgrades. The New York City Housing Authority has obtained a total of $332.3 million in financing for capital improvements at West Brighton Houses, its 574-unit, 16-building public housing complex in Staten Island, N.Y. Construction work will begin this summer and is expected to conclude by the fall of 2026.
Feil completes reboot of its Garden City office property
The Feil Organization has completed an extensive capital improvement program at its Garden City office property. The landlord invested about $2 million in the redevelopment effort at Garden City C...
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...
$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,...
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...
Displaced Sunnyside tenants’ leases renewed
After months of negotiation, more than 170 tenants impacted by the devastating 5-alarm fire in Sunnyside days before Christmas came to an agreement on Monday with their landlord, real estate company A&E Real Estate Holdings, that will extend their leases at temporary residences by six months, Queens Borough President Donovan Richards announced. The deal was reached just one day before they were set to expire.
Richmond's new apartments are smaller and pricier than they were a decade ago
Data: RentCafe; Chart: Alice Feng/AxiosBigger apartments are back, but not for Richmond.Why it matters: The feeling that Richmond apartments are getting smaller yet more expensive isn't just in your head.The big picture: In the past decade, the average new apartment in Richmond lost 41 square feet of floor space compared to units built before 2014, per a recent report from RentCafe, a rental listing website.That's more than Brooklyn and Queens in New York City, New Orleans and Charlotte.Zoom in: Out of 100 cities that RentCafe analyzed, we're in the top 20 for having among the smallest new apartments (813 square...
Permits Filed for 193 Withers Street in Williamsburg, Brooklyn
Permits have been filed to expand a one-story structure into a four-story residential building at 193 Withers Street in Williamsburg, Brooklyn. Located between Graham Avenue and Humboldt Street, the lot is near the Graham Avenue subway station, served by the L train. Mendel Fleischman of Berkowits Realty LLC is listed as the owner behind the applications.
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