Bronx
REAL ESTATE
New York will receive the housing relief it needs
New Yorkers despairing about the housing-supply crisis can breathe a small sigh of relief thanks to much-needed state legislation passed in April. In a negotiating triumph for Gov. Hochul, the Democratic supermajorities in both houses of the Legislature — previously bent on driving private capital out of the housing sector since taking control in 2018 — showed unexpected flexibility and a measure of common sense. However, while this deal is better than no deal, it is far from a solution — it’s intended as much to appease political stakeholders as to assist New Yorkers. At its core, the state housing...
Section 8 Voucher Waitlist: Apply For Subsidized Housing and Rent in NYC
After 15 years, the Housing Choice Voucher Program (HCV, or Section 8) of the New York City Housing Authority (NYCHA) will reopen again in the first week of June. This program offers subsidies for eligible low-income families, including immigrants with qualifying status, to rent affordable housing in the private market. Families in the program pay […] The post Section 8 Voucher Waitlist: Apply For Subsidized Housing and Rent in NYC appeared first on Documented.
211 West 84th Street Rises on Manhattan’s Upper West Side
Construction is rising on 211 West 84th Street, an 18-story residential building on Manhattan’s Upper West Side. Designed by Hill West Architects and developed by Naftali Group, which purchased the assemblage of properties for $71 million in 2022, the 209-foot-tall structure will span 154,598 square feet and yield 45 condominium units with an average scope of 3,371 square feet, as well as 2,898 square feet of ground-floor retail space, a cellar level, and 17 enclosed parking spaces. The project occupies nearly 250 feet from the corner of Broadway to the middle of the block.
Monogram New York by Ismael Leyva Architects
Douglas Elliman Development Marketing has been newly appointed as the exclusive sales and marketing firm for Monogram New York, a new collection of 191 luxury condominium residences at 135 East 47th Street, New York. The announcement comes as the concierge service and amenity-focused development nears completion with a target opening for residents this Summer.
10 U.S. cities where homeowners pay more than renters, according to data from SmartAsset—6 are in California
With soaring home prices and high interest rates, homeownership in the U.S. is increasingly unaffordable for the average household. And it's one of the reasons why, despite similarly rising costs, people are choosing to keep renting over becoming homeowners. I became a first-time homebuyer in New York City this year...
Katharine Hepburn’s Longtime NYC Town House Hits the Market for $7.2 Million
She may be most famous for films like The Philadelphia Story, but Oscar-winning actor Katharine Hepburn hung her hat in New York City. Now, the Connecticut native’s Manhattan home is officially on the market for $7.2 million, Crain’s New York first reported. Hepburn owned the property from 1931 until her death at age 96 in 2003, according to the New York Post. It was sold for $3.9 million the following year and hasn’t changed hands since, which means the seller is likely to make a hefty profit when the town house is snagged up this time.
Pearl House, City’s Largest Office-to-Residential Conversion, More Than Half Fully Leased
After opening its doors in late 2023, Pearl House has officially surpassed 50 percent leased. Located at 160 Water Street in the Financial District, the city’s largest office-to-residential conversion to date, yield 24 stories with 588 units and 30,000 square feet of amenities. Pearl House is designed by Gensler and developed by Vanbarton Group, a real estate development, investment, and advisory firm, with Compass Development Marketing Group handling leasing. Pricing for available units starts at $3,909 a month.
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