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YIMBY’s 2022 Construction Report Reveals 45,019 New Residential and Hotel Unit Filings in New York City

8:00 am on April 4, 2022 By Vitali Ogorodnikov

After significant delays caused by the DOB’s abrupt shift to “Build Now” which temporarily left the Five Boroughs without a functional Department of Buildings Website in March of 2021, YIMBY’s 2022 construction report is in, and the results are positively encouraging. The annual report tracks and analyzes permits filed for new buildings in New York City over the course of the year 2021. The data shows that in 2021, builders throughout the city filed permits for 2,017 structures, ranging from single-car garages to towering skyscrapers. The figure represents a 14-percent increase compared to the 2020 total of 1,774 permits. The 2021 filings will boost the city’s built stock by 53,344,472 million square feet and yield a combined total of 45,019 residential and hotel units. The full report is available with a subscription to YIMBY’s Building Wire service.

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Rendering of Rockaway Village Phase Four - Marvel Architects

Phipps Houses Closes on $116M Package to Complete Rockaway Village Affordable Housing Development in Far Rockaway, Queens

7:00 am on January 9, 2022 By Sebastian Morris

Phipps Houses has closed on $116 million in financing to complete the fourth phase of Rockaway Village, a mixed-use affordable housing project in Far Rockaway, Queens. The ongoing development is slowly replacing an abandoned shopping center and will comprise 1,700 units of affordable housing, 120,000 square feet of commercial and community facility space, and 590 parking spaces.

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Housing Lottery Launches for 692 Units at Rockaway Village in Far Rockaway, Queens

7:00 am on December 23, 2021 By Vanessa Londono

The affordable housing lottery has launched for Rockaway Village Apartments, three residential buildings at 1701, 1721, and 1725 Village Lane in Far Rockaway, Queens. Designed by Marvel Architects and developed by Phipps Houses, the structures yield a total 1,693 residences. Available on NYC Housing Connect are 692 units for residents at 30 to 100 percent of the area median income (AMI), ranging in eligible income from $15,806 to $148,000. Due to system capacity limitations the 550 units advertised do not represent actual unit availability. There are an additional 18 studios, 26 one-bedrooms, 72 two-bedrooms, and 26 three-bedroom units in the 100 percent AMI tier not reflected below.

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Affordable Housing Lottery Launches for 200 Units at 10-47 Beach 21st Street in Far Rockaway, Queens

6:30 am on December 14, 2021 By Vanessa Londono

The affordable housing lottery has launched for 10-47 Beach 21st Street, a ten-story mixed-use building in Far Rockaway, Queens. Designed by Urban Architectural Initiatives and developed by The Community Builders, the structure yields 224 residences. Available on NYC Housing Connect are 200 units for residents at 40 to 100 percent of the area median income (AMI), ranging in eligible income from $20,400 to $148,000.

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