Affordable housing


Housing Lottery Launches for 2057 Strauss Street in Brownsville, Brooklyn

The affordable housing lottery has launched for 2057 Strauss Street, a four-story residential building in Brownsville, Brooklyn. Designed by Tecnico Engineering and developed by Chaim Sobel of Strauss Estates LLC, the structure yields nine residences including a penthouse. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,429 to $156,130.

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540 Fulton Street, designed by Marvel Architects

The Paxton Nears Completion at 540 Fulton Street in Downtown Brooklyn

At number 25 on our December countdown of the tallest buildings under construction in the New York area is The Paxton, a 43-story mixed-use skyscraper at 540 Fulton Street in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the 511-foot-tall structure will yield 330,000 square feet with 327 residential units in studio to three-bedroom layouts, as well as 137,075 square feet of office space and 33,000 square feet of retail space in the multi-story podium. M.N.S. is handling sales and marketing for the residential component of the property, which is located by the intersection of Flatbush Avenue and Fulton Street.

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625 Fulton Street Rises Above Street Level in Downtown Brooklyn

At number 26 on our year-end countdown of the tallest structures underway in New York is 625 Fulton Street, a 35-story mixed-use skyscraper currently rising in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group, which secured $450 in construction financing from Madison Realty Capital to complete the project, the 500-foot-tall structure will yield 1,098 units, 26,000 square feet of retail space, and a parking garage for up to 250 vehicles. Galaxy Developers is the general contractor for the property, which is bound by the 34-story 80 DeKalb Avenue to the north, Fulton Street to the south, Rockwell Place to the east, and Hudson Avenue to the west.

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