The affordable housing lottery has launched for 61-63 Pitt Street, a 12-story residential building on the Lower East Side of Manhattan. Designed by Frank J. Quatela Architects and developed by Paul Stallings of 6 Strong Realty LLC, the structure yields 59 residences. Available on NYC Housing Connect are 18 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $45,258 to $187,330.
Lower East Side
Permits have been filed for the conversion of a four-story commercial building into a 14-story mixed-use building at 75 Essex Street on Manhattan’s Lower East Side. Located between Delancey Street and Broome Street, the lot is one block south of the Delancey Street-Essex Street subway station, serviced by the F, M, J, and Z trains. Nechemia Weinberger of Soft Stone Development Group is listed as the owner behind the applications.
The Chetrit Group is now the owner of 260 South Street, a forthcoming high-rise complex on the Lower East Side of Manhattan, following a $70 million acquisition loan from Madison Realty Capital. The waterfront development will eventually include 64-story and 74-story towers in the Two Bridges section of the neighborhood.
The affordable housing lottery has launched for 167-171 Chrystie Street, a 16-story mixed-use building on Manhattan’s Lower East Side. Designed by ODA Architects and developed by Be-Aviv and Nexus Building Development Group, the structure yields 78 residences. Available on NYC Housing Connect are 20 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $24,789 to $139,620.
Construction is now underway on 282-286 Grand Street, a seven-story residential building on Manhattan’s Lower East Side. The will yield a mix of rental apartments, amenity spaces, and commercial space.