The affordable housing lottery has launched for 906 East New York Avenue, an eight-story mixed-use building in East Flatbush, Brooklyn. Designed by RSLN Architecture and developed by Abeco Organization, the structure yields 48 residences. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,738 to $198,250.
Permits have been filed to expand a one-story structure into a six-story mixed-use building at 51 South 1st Street in Williamsburg, Brooklyn. Located between Kent and Wythe Avenues, the lot is closest to the Bedford Avenue subway station, serviced by the L train. Einav Gelberg of 731 Liberty Avenue LLC is listed as the owner behind the applications.
At number three on our year-end countdown of the tallest buildings under construction in New York is 520 Fifth Avenue, a 1,002-foot residential supertall skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, which took over from Ceruzzi Properties and SMI USA in 2019, the 88-story structure will span 415,000 square feet and yield 100 condominium units with interior design by Charles & Co., as well as commercial space on the ground floor and four cellar levels. WSP is the structural engineer, DeSimone Consulting Engineers is the façade consultant, and Suffolk Construction is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.
New York-based real estate development firm Triangle Equities has secured $50 million in pre-development financing for a new multi-story logistics facility in College Point, Queens. The loan was arranged by JLL Capital Markets and provided by Centennial Bank. This financing marks an important step toward the development of the planned 425,000-square-foot industrial site located at 30-02 Whitestone Expressway.
The affordable housing lottery has launched for 673 Hart Street, a five-story residential building in Bushwick, Brooklyn. Designed by Fang Architect and developed by Louis Yeung, the structure yields 29 residences. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $95,829 to $198,250.
