The affordable housing lottery has launched for 1510 Gates Avenue, an 11-story residential building in Bushwick, Brooklyn. Designed by NY Building Associates Inc. and developed by The Horizon Group, the structure yields 70 residences. Available on NYC Housing Connect are 21 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $167,570.
Permits have been filed for a five-story residential building at 317 Franklin Avenue in Bedford-Stuyvesant, Brooklyn. Located between Lafayette Avenue and Clifton Place, the interior lot is one block east of the Classon Avenue subway station, serviced by the G train. Moses Karpen of Waterfront Property Management is listed as the owner behind the applications.
Construction is rising on 55 Suffolk Street, a 30-story mixed-use building on Manhattan’s Lower East Side. Designed by Dattner Architects and developed by Gotham Organization, the 310-foot-tall structure is part of the two-building Broome Street Development complex along with the 16-story 64 Norfolk Street. The complex will span 387,223 square feet and yield 488 rental units, of which 43 percent will be dedicated to permanently affordable housing. Monadnock Construction, Inc. is the general contractor for both developments, which are being built near the intersection of Broome and Norfolk Streets.
The Jackson Group recently sold 2970 Third Avenue, a 25,000-square-foot retail property in the South Bronx, to 5 Boro Real Estate Partners for $8.75 million. The new owners intend to redevelop the property into a 100,000-square-foot mixed-use building.
The affordable housing lottery has launched for 1600 East 19th Street, an eight-story mixed-use residential building in Midwood, Brooklyn. Designed by Studio Gallos and developed by Gabriel Sakass of 1590 East 19th Street LLC, the structure yields 22 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,429 to $167,570.
