Affordable housing

Three Rent-Stabilized Buildings Transfer To New Ownership In Crown Heights, Brooklyn

Ownership has transferred on a trio of four-story rent-stabilized buildings at 1018 and 1074 Eastern Parkway and 1392 Sterling Place in Crown Heights, Brooklyn. The prewar structures yield a combined 88 rent-stabilized units and were sold on Wednesday for a total consideration of $7.6 million. The sale clears the way for a city-supported rehabilitation of the three properties, which together carry 991 open housing code violations and sit in the Department of Housing Preservation and Development’s Alternative Enforcement Program.

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180 East 125th Street. Photo by Michael Young.

711-Unit Tower Passes Halfway Mark at 180 East 125th Street in East Harlem, Manhattan

Construction has passed the halfway mark on 180 East 125th Street, a 38-story mixed-use residential tower in East Harlem, Manhattan. Designed by S9 Architecture and developed by JCS Realty, the 410-foot-tall structure will yield 711 rental units. The project will also include ground-floor retail with a supermarket, as well as a 116-vehicle parking garage. The property is bounded by Third Avenue and East 124th and 125th Streets.

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Housing Lottery Launches for One River Park at 355 Exterior Street in Mott Haven, The Bronx

The affordable housing lottery has launched for One River Park, a two-tower residential complex at 355 Exterior Street in Mott Haven, The Bronx. Designed by Hill West Architects and developed by The Lightstone Group under the 355 Exterior Street Associates LLC, the structure yields 714 residences. Available on NYC Housing Connect are 227 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $73,783 to $238,160.

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Units Still Available at 624 Metropolitan Avenue in Williamsburg, Brooklyn

The affordable housing lottery has launched for 624 Metropolitan Avenue, an eight-story mixed-use building in Williamsburg, Brooklyn. Developed by Christian Pompa of Caro Enterprises, the structure yields eight residences. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $132,069 to $198,510.

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