The affordable housing lottery ends on July 8 for 2442 Ocean Avenue, a seven-story mixed-use residential building in Sheepshead Bay, Brooklyn. Designed by Studio Gallos and developed by Yaacov Azrad, the structure yields 105 residences and a 1,856-square-foot community facility space on the ground floor used as a medical center. Available on NYC Housing Connect are 32 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $49,715 to $187,330.
Permits have been filed for a five-story mixed-use building at 836 50th Street in Sunset Park, Brooklyn. Located between 8th and 9th Avenues, the interior lot is near the Fort Hamilton Parkway subway station, serviced by the D train. Xiu Qin Ye under the XQY LLC is listed as the owner behind the applications.
Construction is coming to a close on 130 William Street, a 66-story residential skyscraper in the Financial District. Designed by David Adjaye of Adjaye Associates and developed by Lightstone, the 800-foot-tall structure yields 242 units marketed by Corcoran Sunshine, with prices ranging from $1,300,000 for a one-bedroom apartment to $20,000,000 for a four-bedroom, full-floor penthouse. Hill West Architects served as architect of record for the property, which is bound by William, Fulton, and Gold Streets. Occupancy has already begun as finishing touches wrap up on the exterior.
Developers and elected officials recently joined to celebrate the completion of Peninsula 1B, the first affordable housing building in The Peninsula complex at 720 Tiffany Street in Hunts Point, The Bronx. The building comprises 183 income-restricted units and a modest collection of amenities.
Permits have been filed for a 40-story office tower at 415 Madison Avenue in Midtown East, Manhattan. Located at the intersection of East 48th Street and Madison Avenue, the lot is within walking distance of the Grand Central subway station, serviced by the 4, 5, 6, and 7 trains. Albert Sanfilippo of Rudin Management is listed as the owner behind the applications which sought special permits through ULURP for the overbuilt floor area for air rights from the landmarked St. Bartholomew’s Church along Park Avenue.