Developers and city officials recently joined to celebrate the start of construction on a dual-building affordable housing complex in Brownsville, Brooklyn. The development site is located on Newport Street between Thatford and Rockaway Avenues and will debut as Bridge Rockaway.
The affordable housing lottery has launched for 2735 East 13th Street, a seven-story mixed-use building in Sheepshead Bay, Brooklyn. Designed by Eran A. Birnbaum and developed by Eddie Yair, the structure yields 16 residences and 7,511 square feet of community facility space. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,429 to $156,130.
Activity in New York City’s investment sales market continued to rebound in the first quarter of 2022, but a slowdown could be on the horizon as rising rates drive up borrowers’ costs. Dealmakers bought and sold 582 properties in the quarter, a year-over-year jump of 53 percent, according to a report by Ariel Property Advisors. Those transactions totaled $8.9 billion, a whopping 320 percent increase from the first quarter of last year and roughly in
The post Rising interest rates will dampen city’s investment sales market this year appeared first on The Real Deal New York.
Permits have been filed for a seven-story mixed-use building at 1985 Jerome Avenue in Morris Heights, The Bronx. Located between West Burnside Avenue and West Tremont Avenue, the lot is steps from the Burnside Avenue subway station, serviced by the 4 train. Moris Yeroshalmi under the Yed LLC is listed as the owner behind the applications.
More than 1,000 terra-cotta sculptures — of firefighters, mermaids, steelworkers — adorn the walls of Parkchester in the Bronx. Is there is a plan to protect them?
Residents ask if there is a master plan to protect the more than 1,000 sculptures.
Putting the best possible face on a property in just a few sentences requires finesse. Sometimes the descriptions go overboard.
Real estate agents warn that open houses can sometimes turn into magic shows — personal items just disappear. “Kleptomania is a real condition,” one agent said.