New York YIMBY

Transitional housing property owned by Fundamental Advisors, via fundamental.com

Slate Property Group Closes $210 Million Refinancing Package For Transitional And Affordable Housing Portfolio

7:00 am on August 25, 2024 By Max Gillespie

Slate Property Group and Fundamental Advisors have closed on a $210 million refinancing package for their joint venture’s transitional and affordable housing portfolio. The transaction, designated as a social bond, was made possible by Freddie Mac in a first-of-its-kind engagement to provide liquidity to social impact financial institutions that bring affordable housing to low-income communities and underserved populations.

Housing Lottery Launches for 14-09 31st Avenue in Astoria, Queens

6:30 am on August 25, 2024 By Vanessa Londono

The affordable housing lottery has launched for 14-09 31st Avenue, a five-story residential building in Astoria, Queens. Designed by Carusone & Cherres Architects and developed under the 1409 Astoria LLC, the structure yields seven 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 $87,429 to $181,740.

Rendering of completely repurposed 25 Water Street, New York City, from office to residential, courtesy of CetraRuddy.

25 Water Street’s Residential Conversion and Expansion Progresses in Financial District, Manhattan

8:00 am on August 24, 2024 By Michael Young and Matt Pruznick

Construction progressing on 25 Water Street, a 32-story office-to-residential conversion and expansion in Manhattan’s Financial District. Designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital, the project involves the replacement of the building’s brick façade with a modern fenestration featuring more expansive windows, a gut renovation of its 1.1 million square feet of interiors, and the construction of ten new stories above its former parapet. The overhaul will yield 1,300 apartments, making it the largest office-to-residential conversion in US history by unit count, surpassing the 566-unit redevelopment of One Wall Street a few streets to the north. The property is bound by Water Street to the north, 2 New York Plaza to the south, the New York Vietnam Veterans Memorial to the east, and Broad Street to the west.

Rendering of Birch House, courtesy of Halpern Real Estate Ventures

New Renderings Revealed For The Birch House At 49 Fisk Street In Jersey City, New Jersey

7:30 am on August 24, 2024 By Max Gillespie

New renderings have been revealed for Birch House, a new rental development located at 49 Fisk Street in Jersey City, New Jersey. The new renderings are being released in tandem with the completion of the project’s amenities, and comes amid a surge in summer lease activity at the property. The property is being developed by Halpern Real Estate Ventures.

Permits Filed for 66 University Place in Greenwich Village, Manhattan

7:00 am on August 24, 2024 By Vanessa Londono

Permits have been filed for an 11-story mixed-use building at 66 University Place in Greenwich Village, Manhattan. Located between East 10th Street and East 11th Street, the lot is near the 8 Street-NYU subway station, serviced by the R train. Ameesh Agarwal of Bsafal Inc. is listed as the owner behind the applications.

Permits Filed for 3728 Park Avenue in Claremont, The Bronx

6:30 am on August 24, 2024 By Vanessa Londono

Permits have been filed for an 18-story mixed-use building with affordable housing at 3728 Park Avenue in Claremont, The Bronx. Located at the intersection of Park Avenue and St. Pauls Place, the lot is closest to the 170th Street subway station, serviced by the B and D trains. New York City Housing Authority is listed as the owner behind the applications.

Construction Goes Vertical on 68-Story Skyscraper at 100 West 37th Street in Midtown, Manhattan

8:00 am on August 23, 2024 By Michael Young and Matt Pruznick

Construction is rising on 100 West 37th Street, a 68-story mixed-use skyscraper in the Garment District of Midtown, Manhattan. Designed by C3D Architecture and developed by Sioni Group under the 989 Sixth Realty LLC, the 785-foot-tall structure will span 384,118 square feet and yield 300 condominium units with an average scope of 991 square feet, as well as 86,817 square feet of commercial space and two cellar levels. The property is alternately addressed as 989-993 Sixth Avenue and located at the intersection of Sixth Avenue and West 37th Street.

Rendering of the Daymark Condominiums, courtesy of Cahn PR

The Daymark Condominiums Progresses at 1 Palisades Boulevard In Sleepy Hollow

7:30 am on August 23, 2024 By Max Gillespie

The Daymark, a new waterfront condominium project at 1 Palisades Boulevard in Sleepy Hollow, has made progress toward construction completion. The property is being developed by Biddle Real Estate Ventures and PCD Development and has secured ten new contracts over the summer.

816 58th Street Sells, To Begin Work in Sunset Park, Brooklyn

7:00 am on August 23, 2024 By Vanessa Londono

A 90-percent completed residential property sold last week at 816 58th Street in Sunset Park, Brooklyn for $9,800,000. The eight-story, 28,901-square-foot building with a cellar level and elevator is located in an R6 General Residential District with a C1-3 commercial overlay. Brown Harris Stevens agent Peter Grazioli facilitated the sale to the undisclosed buyer.

Permits Filed for 34-35 44th Street in Astoria, Queens

6:30 am on August 23, 2024 By Vanessa Londono

Permits have been filed for a 13-story mixed-use building at 34-35 44th Street in Astoria, Queens. Located between Northern Boulevard and 34th Avenue, the lot is near the 46th Street subway station, serviced by the E, F, M, and R trains. Silverstein Properties is listed as the owner behind the applications.

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