The affordable housing lottery has launched for Capstone Condominiums, a nine-story mixed-use residential building at 940 Myrtle Avenue in Bedford-Stuyvesant, Brooklyn. Designed by Fischer + Makooi Architect, the structure has 24 newly built condo units available on NYC Housing Connect. Eligibility is open to first-time buyers at 60 to 80 percent of the area median income (AMI), ranging in income from $37,500 to $103,120.
Permits have been filed for an eight-story mixed-use building with affordable housing at 43-42 43rd Avenue in Sunnyside, Queens. Located at the intersection of Queens Boulevard and 43rd Avenue, the corner lot is a short walk to the 46th Street-Bliss Street subway station, serviced by the 7 train. John J. Ciafone of City View Construction Corp. is listed as the owner behind the applications.
Permits have been filed for a seven-story mixed-use building at 97-44 64th Avenue in Rego Park, Queens. Located between 98th Street and Queens Boulevard, the lot is a short walk to the 63rd Drive-Rego Park subway station, serviced by the E, M, and R trains. Luo Jie Chen of Great Stone Gen’l is listed as the owner behind the applications.
Work is nearing completion on 300 West 30th Street, a 16-story residential building in Chelsea. Designed by Studio C Architects and developed by Hiwin USA, which purchased the property from Salt Equities for $27.5 million in May 2018, the structure will yield 80 residential units and ground-floor retail space. Efin Management Corporation is the general manager of the project, which is located at the corner of West 30th Street and Eighth Avenue, a short walk from Madison Square Garden, Penn Station, and the new Moynihan Train Hall.
Construction has officially kicked off at 15 Monteith Street, a new affordable housing complex in Bushwick, Brooklyn. Located within the sprawling Rheingold Brewery redevelopment zone, the project will debut as Rheingold Senior Residences and create 94 apartments for low-income seniors.