Rendering of The Abbey On The Park, courtesy of the Kearney Realty & Development Group

Yonkers IDA Approves The Abbey On The Park Affordable Development at 21-23 Park Avenue In Yonkers

7:30 am on May 11, 2024 By Max Gillespie

The Yonkers IDA has voted preliminary approval for The Abbey on the Park, a new affordable housing development in Yonkers. The Abbey on the Park will consist of two existing historic buildings, the Ethan Flagg House and the Blessed Sacrament Monastery, in addition to one new building. The project, which is being led by the Kearney Realty & Development Group, will be located at 21-23 Park Avenue in Yonkers.

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Housing Lottery Launches for 676 Myrtle Avenue in Bed-Stuy, Brooklyn

6:30 am on May 11, 2024 By Vanessa Londono

The affordable housing lottery has launched for 676 Myrtle Avenue, a six-story mixed-use building in Bedford Stuyvesant, Brooklyn. Designed by ND Architecture & Design and developed by Joel Werczberger of Watermark, the structure yields 20 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $120,000 to $218,010.

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25-01 Queens Plaza North Tops Out in Long Island City, Queens

8:00 am on May 10, 2024 By Michael Young and Matt Pruznick

Construction has topped out on 25-01 Queens Plaza North, a 28-story residential building in Long Island City, Queens. Designed by Handel Architects and developed by Grubb Properties, which purchased the property for $63 million in 2021, the 311-foot-tall structure will yield 417 rental units with 124 reserved for affordable housing, as well as 7,000 square feet of ground-floor commercial space. The project is located between Crescent and 27th Streets, directly adjacent to the elevated Queensboro Plaza station serving the 7, N, and W trains.

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