Upper Montclair
REAL ESTATE
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.
#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...
Millburn Township Attorney Shares Affordable Housing Update & Residents Weigh In
MILLBURN, NJ – Millburn Township Attorney Jarrid Kantor provided an update on the affordable housing situation. “As everybody knows, this governing body is committed to its affordable housing obligations. It is committed to doing it the right way for the residents, and not only the residents of the township, but also low and moderate income individuals who would be moving into this community.” Kantor spoke about the township being given the opportunity to find alternate sites. He reported that after spending a great deal of time researching, the administration identified two locations. Kantor also reminded attendees about...
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.
Surprises Inside – Take a Tour of New Jersey’s Strangest House
At first glance, this home looks straight out of a sci-fi movie, but it's not. If the outside is this intriguing, imagine what the inside looks like. This unusual house is in Harding Township (Morristown) in Morris County. 75 Sand Spring Rd. is the location of this 14,000-square-foot home sitting...
City of Yes: A Little More Housing in Every Neighborhood
Our city is facing a generational housing crisis with a vacancy rate at 1.4%, and half of all New York renters are paying more than 30% 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.
SAGE: Investor buys 31-unit Elizabeth apartment building for $4.2 million
105 Grove St. in Elizabeth — Courtesy: SAGE Investment Real Estate Advisors. A private investor has acquired a 31-unit apartment building in Elizabeth for $4.2 million, in a newly announced deal by SAGE Investment Real Estate Advisors. Located in the city’s Elmora section, the property at 105 Grove St....
Alpine Mansion With Golf Course, Bowling Alley Breaks Sale Records For 2024 In NJ
The gated home at 4 Stone Tower Drive in Alpine, which sprawls across 22,782 square feet and sits on four acres of land within the Rio Vista section of the borough, sold for $16.7 million on Wednesday, July 17. Designed by renowned architect James Paragano, the home's buyer was represented...
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 […]
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 […]
Housing Lottery Launches for Harborview Senior Apartments at 80 Scarboro Avenue in Shore Acres, Staten Island
The affordable housing lottery has launched for Harborview Senior Apartments, a three-story residential building at 80 Scarboro Avenue in Shore Acres, Staten Island. Designed by Stanley M. Krebushevski, the structure yields 72 residences. Available on NYC Housing Connect are 31 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $56,538 to $218,010.
2 buildings on St. George Avenue in Roselle sell for $1.2M
Zimmel Associates has successfully negotiated the sale of two prominent buildings located at 223-235 St. George Ave. in Roselle for $1.2 million. The name of the buyer was not disclosed. One property, which spans 0.74 acres, includes a 2,600-square-foot Jiffy Lube, a tenant since the late ’80s. The adjacent mixed-use...
$221.5M Jersey City Apartment Building Sale Marks Largest Multifamily Transaction in NJ in Nearly Five Years
Two of the taller buildings that have popped up in Jersey City’s Paulus Hook neighborhood over the last decade have officially changed hands and fetched a price that makes the deal the largest multifamily transaction in New Jersey in nearly five years. Representatives of CBRE recently announced the sale...
Joe Sitt loses two Manhattan buildings to foreclosure
Joe Sitt’s Thor Equities lost two of its Manhattan retail properties to foreclosure this week, Crain’s reported. One, in the Meatpacking District, was grabbed by Maverick Real Estate Partners. The other, in Soho, went to Kansas-based Midland Loan Services. Manhattan-based Maverick filed a complaint against Thor in January...
“Not even distressed” rent-stabilized property sells for peanuts
Yet another rent-stabilized apartment building sold for such a bargain that it raises the question: How low can prices go?. Held since the 1950s by a family firm, 610 West 204th Street in Manhattan traded to an Albanian couple for $3.8 million — just $79,000 per unit, according to Marco Lala, the broker on the deal.
Send in your comments on “City of Yes for Housing Opportunity”
FRIENDS testified at the July 10 City Planning Commission Public Hearing on City of Yes for Housing Opportunity, the New York City Department of City Planning's suite of zoning text amendments meant to encourage and incentivize housing creation and address the affordability crisis in the city. Friends was among some 200 New Yorkers--advocates and concerned individuals--who came together to make their voices heard at the marathon hearing that lasted just under 15 hours.
Atlas Capital Lands Nearly $1B Loan for Riverfront Apartment Project
Atlas Capital Group secured a $985-million construction loan to build two Lower Manhattan apartment towers at 80 Clarkson St. which it’s developing with Zeckendorf Development and Baupost Group, the New York Post reported. The lenders, sources told the Post, were London-based Cale Street Partners and San Francisco-based Farallon Capital Management. The loan was arranged by Newmark.
Industrial user takes 21,000 sq. ft. near Port Newark, in deal arranged by Blau & Berg
475 Division St. in Elizabeth — Courtesy: The Blau & Berg Co. The owner of a 175,000-square-foot industrial complex in Elizabeth has secured a new tenant with a recently completed, 21,000-square-foot lease at the property. According to The Blau & Berg Co., which brokered the transaction, the space at...
Urban Square Obtains Construction Debt for Jersey City Multifamily
JLL Capital Markets secured $13.1 million in construction financing for the development of Vroom Street Apartments, a 42-unit mid-rise luxury apartment building to be located at 72-76 Vroom St. in the Journal Square submarket of Jersey City. A JLL team led by director Max Custer and associate Salvatore Buzzerio represented the borrower, Urban Square Properties, to secure the two-year loan through First Bank.
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