The affordable housing lottery has launched for 555 Waverly Avenue, an eight-story residential building in Clinton Hill, Brooklyn. Designed by HTO Architect and developed by Madison Realty Capital, the structure yields 190 residences. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $65,315 to $167,570.
Ranger Properties and KD Sagamore Capital have closed on a $40 million loan to complete a new multi-family rental building at 982-988 Fulton Street in Clinton Hill, Brooklyn. Financing was provided by SCALE Lending, an affiliate of Slate Property Group.
The affordable housing lottery has launched for 186 East 205th Street, an eight-story residential building in Bedford Park, The Bronx. Designed by Badaly Architects and developed by Franco Sukaj, the 42,524-square-foot structure yields 62 residences. Available on NYC Housing Connect are 19 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $41,143 to $167,570.
Permits have been filed for a 71-story mixed-use skyscraper with affordable Housing at 265 South Street in Manhattan’s Lower East Side. Located adjacent to Rutgers Park between Jefferson Street and Frank T. Modica Way, the lot was previously addressed as 260 South Street. Four blocks north of the site is the East Broadway subway station, serviced by the F train. Two Bridges Associates L.P., a partnership between L+M Development Partners and the CIM Group, is listed as the owner behind the applications.
Construction is rising on 202 East 23rd Street, a 20-story residential building in Kips Bay, Manhattan. Designed by Hill West Architects and developed by SMA Equities, the 90,000-square-foot structure is being built to Passive House standards and will yield 108 units with floor plans ranging from studios to two-bedrooms. Eighty homes will be set at market-rate pricing and the remaining 28 will be designated for affordable housing. KSK Construction Group, LLC is the general contractor for the project, which is located at the corner of East 23rd Street and Third Avenue.
