New York
Affordable Project for LGBTQ Seniors to Rise in NYC
Haven Green, a 123-unit community in Little Italy, was approved by the city council after a battle over the fate of the development site, which is currently a one-acre park.
Upgrades Ahead for 16 Manhattan Public Housing Properties
A six-way joint venture will renovate the communities, which are owned by the New York City Housing Authority and home to some 2,900 residents.
Manhattan Multifamily Report – Summer 2019
Manhattan’s multifamily market is powering through, bracing for sustained development amid regulatory uncertainties and already deep affordability issues.
Berkadia Secures $104M Loan for NYC Skilled Nursing Facility
Managing Director Richard Price and Senior Director Gemma Geldmacher secured the financing for Workmen’s Circle Multicare Center in the Bronx.
Loft Apartment Building Sells for $61M in NYC
Meadow Partners sold the market-rate rental property in Brooklyn’s Williamsburg neighborhood. Hodges Ward Elliott arranged the sale of the former industrial asset.
$72M Affordable Project Launched in Brooklyn
The Institute for Community Living is building the 128-unit community, which will include 78 apartments reserved for the formerly homeless.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in May 2019 in New York City.
NYC Moves Forward on $82M Affordable Project
Developed by Bronx Pro Group and backed by city, state and federal funding, the 12-story community will offer 154 units and supportive services for income-challenged seniors.
Brooklyn Project Lands $38M Loan
BNS Real Estate and Wonder Works Construction Corp. will build an 11-story, 80-unit community in the Greenpoint neighborhood of the New York City borough.
Dire Warnings Follow New York’s Rent Control Overhaul
Ahead of a looming expiration date for state rent-regulation laws, legislators reached an agreement that many predict will be a severe blow to the real estate industry.