The affordable housing lottery has launched for 152 East 116th Street HDFC, a five-story residential building in East Harlem, Manhattan. Built in 1910 and recently renovated by non-profit El Barrio Operation Fightback, the structure yields eight co-op residences and two commercial units. Available on NYC Housing Connect are seven units for residents at 90 percent of the area median income (AMI), ranging in eligible income from $70,672 to $116,010.
The New York City Department of Housing Development and Preservation (HPD) has revealed two large-scale mixed-use properties in East Harlem that will create a new Afro-Latin Music and Arts (ALMA) Center and 600 affordable housing units. The ALMA Center will be operated by the Afro Latin Jazz Alliance and the housing units will serve low-income families and the formerly homeless.
The affordable housing lottery has launched for Riverton Square, five 13-story residential buildings at 45 East 135th Street and 2156, 2181, 2171, and 2225 Madison Avenue in East Harlem, Manhattan. Overall, the Riverton Square complex consists of 1,229 units across 12 buildings with approximately 1,000 units designated as affordable housing. Available on NYC Housing Connect are 55 units for residents at 60 to 125 percent of the area median income (AMI), ranging in eligible income from $43,852 to $161,125.
Jonathan Rose Companies, L+M Development Partners, and Acacia Network recently closed on a $223 million financing package to complete the second and final phase of Sendero Verde. The complex is located on Madison Avenue between East 111th and East 112th Streets in East Harlem and spans a full city block.
Demolition permits were filed for 191 East 115th Street in Manhattan’s East Harlem neighborhood. The site is currently occupied by a vacant 61-foot-high, mixed-use building with 17 residential units and three commercial units spread across five stories. Rami Noy of Starwood Group LLC is listed as the owner of the site. Helm NYC, a residential management company is also associated with the site.