YIMBY’s Q2 2024 Construction Report Counts More Than 1,000 New Building Filings in New York from April Through June

As New York City simmers in some of the year’s hottest weeks, the city’s construction and real estate markets remain equally hot. The second quarter of the year, which spans the period from April through June, registered a total of 1,077 new building permits filed with the city’s Department of Buildings. As such, Q2 2024 counts the second-highest number of new permit filings since YIMBY began its tally at the start of the decade and continues the strong trend established in the two preceding quarters, which now count the first- and third-highest permit filing totals. The 14,795 filed-for residential and hotel units also make for one of the highest quarterly counts of the decade, as do the 21.5 million filed-for square feet of new building floor area. YIMBY has meticulously vetted each of the thousand-plus new building permits submitted to the city in the second quarter and compiled a series of charts and analyses that look at emergent overarching trends.

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Affordable Housing Lottery Launches for 597 Grand Street in Williamsburg, Brooklyn

The affordable housing lottery has launched for 597 Grand Street, a nine-story mixed-use building in Williamsburg, Brooklyn. Designed by NY Building Associates and developed by Yitzchok Katz of Developing NY State, the structure yields 185 residences. Available on NYC Housing Connect are 56 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $63,155 to $218,010.

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1522 First Avenue’s Façade Nears Completion on Manhattan’s Upper East Side

Façade installation is nearing completion on 1522 First Avenue, a 30-story medical office building in the Yorkville section of Manhattan’s Upper East Side. Designed by Perkins Eastman and developed by Extell, the 449-foot-tall structure will yield 400,000 square feet of Class A office space and retail space on the ground floor and cellar levels. The Hospital for Special Surgery will serve as the anchor tenant, occupying 200,000 square feet across the first eight stories of the building. The property is alternately addressed as 403 East 79th Street and is located between East 79th and 80th Streets.

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