New York YIMBY’s Q1 2024 Construction Report Tallies Record-Breaking 19,819 Residential and Hotel Units

New York YIMBY has tallied the records for new building permit filings for the first quarter of 2024, and the results are one for the record books. According to data compiled from permit filings submitted to the Department of Buildings, during the three-month period from January through March, builders throughout the city filed a combined total of 19,819 residential and hotel units, the highest total for any three-month period since YIMBY started tracking the statistic in 2020. Similarly, the combined filed-for square footage of 26 million is also the highest quarterly tally for the decade so far.

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Housing Lottery Launches for 3633 Kingsbridge Avenue in Kingsbridge, The Bronx

The affordable housing lottery has launched for 3633 Kingsbridge Avenue, a three-story mixed-use building in Kingsbridge, The Bronx. Designed by Stoa Design Studio and developed by Costa Ioannou, the structure yields nine 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 $109,715 to $181,740.

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