The affordable housing lottery has launched for 815 Kings Highway, a 19-story mixed-use building in Gravesend, Brooklyn. Developed by Yelena Maksumov and designed by Vikatos Architect PC, the structure yields 24 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $143,829 to $238,160.
Permits have been filed for a four-story residential building at 2616 Harway Avenue in Gravesend, Brooklyn. Located between 26th Avenue and Bay 43rd Street, the lot is near the Bay 50th Street subway station, served by the D train. Toby Eng is listed as the owner behind the applications.
Construction is closing in on completion on 500 East 81st Street, an 11-story residential building in the Yorkville section of Manhattan’s Upper East Side. Designed by S20M and Zproekt Architecture and developed by Rybak Development, the 100-foot-tall structure will span 37,378 square feet and yield ten condominium units. The project will also include a parking garage and ground-floor retail space. The 3,104-square-foot property is located at the southeast corner of York Avenue and East 81st Street.
St. Nicks Alliance has closed on financing for the redevelopment of three Brooklyn properties yielding 44 affordable homes in East Williamsburg and Bushwick. The $26 million project encompasses two adjoining 16-unit buildings at 984-988 Greene Avenue and six-unit properties at 315 Harman Street and 19 Kingsland Avenue. The development is backed by a $2.26 million construction and permanent loan from LISC NY, which will cover hard costs associated with the redevelopment, along with soft costs and financing costs.
The affordable housing lottery has launched for 664-672 Beck Street, a five-story residential building built in 1925 in Longwood, The Bronx. Owned by Mhany Management, the structure was recently renovated and yields 42 residences. Available on NYC Housing Connect are four newly constructed units for residents at 40 to 77 percent of the area median income (AMI), ranging in eligible income from $0 to $162,008.
