806 East 170th Street, via Google Maps

Post Amendment Approval Issued for 806 East 170th Street in Crotona Park East, The Bronx

Permits have been updated for 806 East 170th Street, a seven-story residential building in Crotona Park East, The Bronx. Initial permits from Hershy Silberstein of Blue Shine Builders Inc. in 2022 called for a 44-unit structure under the 421A tax abatement program, which incentivized multi-family housing to be built on vacant or underutilized lots. Under the post-approval amendment (PAA), the scope has been expanded to 110 dwelling units. Because it went through a PAA process and a new permit was not issued, it will retain its 421A tax status, even though the program ended in June 2022.

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Upcoming Deadline for Affordable Housing Lottery at 1009 Nelson Avenue in Highbridge, The Bronx

The affordable housing lottery has launched for 1009 Nelson Avenue, a four-story residential building in Highbridge, The Bronx. Designed by Boaz M. Golani of BMG Architects and developed by Shaya Seidenfeld of MZS Realty, the structure yields 16 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 $84,000 to $146,900.

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Rendering illustrates 1057 Atlantic Avenue - Courtesy of Douglaston Development

456-Unit Building Tops Out at 1057 Atlantic Avenue in Bed-Stuy, Brooklyn

Construction has topped out on 1057 Atlantic Avenue, a 17-story residential building in Bedford-Stuyvesant, Brooklyn. Designed by dencityworks and developed by Douglaston Development, the sprawling 474,000-square-foot structure will yield 456 rental apartments in studio to three-bedroom layouts, with 137 units reserved for affordable housing, as well as 35,000 square feet of amenities and 31,000 square feet of ground-floor retail space. Levine Builders is the general contractor for the $320 million project, which was formerly addressed as 1045 Atlantic Avenue and is located between Classon and Franklin Avenues.

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Render of 26-01 4th Street, courtesy of Lu Ning Architecture

Developer Secures Bridge Loan to Complete 26-01 4th Street In Astoria, Queens

Developers have secured a $60.25 million bridge loan to complete construction on 26-01 4th Street, a 13-story residential building in the Hallets Point section of Astoria, Queens. Designed by Lu Ning Architecture and developed by Ming’s Garden Realty LLC, the structure will yield 143 condominium units in studio to two-bedroom layouts, as well as a 40,034-square-foot community facility and 167 parking spaces. New Land Capital arranged the loan from Slate Property Group and LibreMax Capital for the property, which is located at the corner of 4th Street and 26th Avenue.

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