The affordable housing lottery has launched for 25-18 32nd Street, a six-story mixed-use building in Astoria, Queens. The 7,081-square-foot masonry development yields seven units. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $159,640.
Articles by Vanessa Londono
Permits have been filed for four three-story residential buildings at 2570-2576 Young Avenue in Pelham Gardens, The Bronx. Located between Allerton Avenue and Mace Avenue, the adjacent lots are within walking distance of the Pelham Parkway subway station, serviced by the 5 train. Saman Rabbanifar under the Young Avenue Development LLC is listed as the owner behind the applications.
This week the New York State Court of Appeals shut down a lawsuit opposing the development of four new skyscrapers in Lower Manhattan’s Two Bridges neighborhood, as reported in The Broadsheet. This legal move upheld the August ruling by Appellate Division of the New York State Supreme Court in favor of a group of developers, including JDS Development Group, CIM Group, L+M Development Partners, and Starrett Corporation, to build four more towers along the Two Bridges waterfront on the Lower East Side. The site is bound by Cherry Street to the north, South Street to the south, mid-block between Pike Slip and Rutgers Street to the west, and mid-block between Clinton and Montgomery Streets to the east.
Today’s housing lottery round-up features six buildings in Brooklyn, Manhattan, Queens, and The Bronx with available affordable units on Housing Connect with deadlines closing within the next seven days.
Developer Eastone Equities is planning to develop an eight-story mixed-use residential building in Flushing, Queens. Located at 142-26 and 142-38 Roosevelt Avenue, the structure will hold 40,000 square feet of residential space, 33,000 square feet of commercial space, and two sub-grade levels of parking. This week Columbia Pacific Advisors Bridge Lending announced it has secured a $15 million loan to refinance the development.