The affordable housing lottery has launched for 460 Seneca Avenue, a four-story residential building in Ridgewood, Queens. Designed by P. Georgopoulos Architect, the structure yields 4,982 square feet. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $76,972 to $139,620.
The affordable housing lottery has launched for Austin 147, an 11-story residential building at 880 East 147th Street in Mott Haven, The Bronx. Designed by SLCE Architects and developed by Dunn Development Corp., the structure yields 80 units. Available on NYC Housing Connect are 16 units for residents at 40 to 80 percent of the area median income (AMI), ranging in eligible income from $23,520 to $103,120.
SMA Equities recently secured a $56 million financing package to complete a new 20-story mixed-use building in Kips Bay, Manhattan. The project is located at 202 East 23rd Street and will eventually yield a mix of income-restricted and market-rate apartments and around 2,400 square feet of lower-level retail.
The affordable housing lottery has launched for 276 Grand Concourse, a 12-story mixed-use residential building in Mott Haven, The Bronx. Designed by ND Architecture and Design, the 195,248-square-foot structure yields 215 units. Available on NYC Housing Connect are 65 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $65,143 to $192,400.
Jonathan Rose Companies, L+M Development Partners, and Acacia Network recently closed on a $223 million financing package to complete the second and final phase of Sendero Verde. The complex is located on Madison Avenue between East 111th and East 112th Streets in East Harlem and spans a full city block.
