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Housing Lottery Launches for 3056 Decatur Avenue in Norwood, The Bronx

The affordable housing lottery has launched for 3056 Decatur Avenue, a four-story residential building in Norwood, The Bronx. Designed by Node Architecture, Engineering, Consulting and developed by Zef Perperpaj, the structure yields nine residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $82,286 to $181,740.

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Kay’s Place Rises Past Halfway Mark at 487 4th Avenue in Park Slope, Brooklyn

Construction is rising on Kay’s Place, an 11-story mixed-use building at 487 4th Avenue in Park Slope, Brooklyn. Designed by Aufgang Architects and developed and built by Procida Companies under the 487 4th Avenue Managers LLC, the 107-foot-tall structure will span 49,308 square feet and yield 44 affordable rental units with an average scope of 864 square feet, as well as 2,154 square feet of ground-floor commercial space, a cellar level, and one enclosed parking space. Ten of the units will be one-bedroom apartments for residents with developmental disabilities, and a portion of the remainder will be reserved for the formerly homeless. The property is located at the corner of 4th Avenue and 12th Street.

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Housing Lottery Launches for 56 East 21st Street in Flatbush, Brooklyn

The affordable housing lottery has launched for 56 East 21st Street, a seven-story residential building in Flatbush, Brooklyn. Designed by NA Design Studio and developed by Abe Waldman under the 56 East 21st Realty LLC, the structure yields 17 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $114,172 to $181,740.

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Rendering of 737 4th Avenue, courtesy of Marino PR

737 4th Avenue Tops Out in Sunset Park, Brooklyn

Construction recently topped out on 737 4th Avenue, a 14-story mixed-use residential building in Sunset Park, Brooklyn. Designed by Dencityworks Architecture and developed by BEB Capital, Totem/Ailanthus, and SK Development, the 145-foot-tall structure will span 193,000 square feet and yield 187 mixed-income rental units with 46 dedicated to affordable housing, as well as 6,200 square feet of ground-floor retail space with a 1,275-square-foot executed lease to former tenant Dunkin Donuts, which operated at the former occupant of the property before its demolition. The project is located between 24th and 25th Streets.

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