Affordable Housing Lottery Launches for 336 East 112th Street in East Harlem, Manhattan

The affordable housing lottery has launched for 336 East 112th Street, an eight-story residential building in East Harlem, Manhattan. Designed by TRA Studio and developed by Charlie Sinha, the structure yields 24 residences. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $101,143 to $198,250.

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1 Park Row Tops Out in Financial District, Manhattan

Construction has topped out on 1 Park Row, a 23-story mixed-use building in Lower Manhattan’s Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will yield 103,000 square feet with 58 condominium units in one- to three-bedroom layouts, along with 19,000 square feet of office and retail space on the lower levels. Cauldwell Wingate is the general contractor and 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street, directly across the southern tip of City Hall Park. Paris Forino is the interior designer and Ryan Serhant of SERHANT is leading sales and marketing.

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Rendering of 827 Sterling Place - Issac & Stern Architects

Developers Secure $38.5M Construction Loan for 827 Sterling Place in Crown Heights, Brooklyn

Haussmann Development and Kriss Capital have secured a $38.5 million construction loan to complete a seven-story rental property at 827 Sterling Place in Crown Heights, Brooklyn. Designed by Issac & Stern Architects, the structure will yield 76 apartments, with 23 designated as affordable housing and financed through the now-expired 421-a tax abatement program. The property is located between Rogers and Nostrand Avenues.

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