Act Now-Before spots fill up!

Let me play the part of a real estate agent for a moment, as this moment is huge. Starting at only $761 per month, you can live in NYC. Check out these properties!

1. The Grant – Bronx, NY

• Rent: Starting at $761

• Units: 12

• Income Range: $35,486–$189,540

• Deadline: September 18

• Details: Located at 78 W 170th St, this building offers affordable housing options in the Bronx.

• 2. 1663 East New York Avenue – Brooklyn, NY

• Rent: Starting at $863

• Units: 11

• Income Range: $35,246–$160,720

• Deadline: September 17

• Details: Situated at 1663 E New York Ave, this property provides affordable living spaces in Brooklyn.

3. 554 West 46th Street – Manhattan, NY

• Rent: Starting at $2,022

• Units: 12

• Income Range: $75,635–$140,000

• Deadline: September 16

• Details: Located at 554 W 46th St, this building offers affordable housing options in Manhattan.

4. 712 East 180th Street – Bronx, NY

• Rent: Starting at $2,335

• Units: 12

• Income Range: $83,863–$227,500

• Deadline: September 16

• Details: Situated at 712 E 180th St, this property provides affordable living spaces in the Bronx.

5. The Aedan – Queens, NY

• Rent: Starting at $2,152

• Units: 7

• Income Range: $81,669–$140,000

• Deadline: September 17

• Details: Located at 30-33 29th St, this building offers affordable housing options in Queens.

6. Verdant Fort Greene – Brooklyn, NY

• Rent: Starting at $2,990

• Units: 139

• Income Range: $107,383–$227,500

• Deadline: September 18

• Details: Situated at 240 Willoughby St, this property provides affordable living spaces in Brooklyn.

7. 2311 Grand Avenue – Bronx, NY

• Rent: Starting at $1,949

• Units: 5

• Income Range: $73,920–$140,000

• Deadline: September 18

• Details: Located at 2311 Grand Ave, this building offers affordable housing options in the Bronx.

8. 1663 East New York Avenue – Brooklyn, NY

• Rent: Starting at $863

• Units: 11

• Income Range: $35,246–$160,720

• Deadline: September 17

• Details: Situated at 1663 E New York Ave, this property provides affordable living spaces in Brooklyn.

9. Verdant Fort Greene – Brooklyn, NY

• Rent: Starting at $2,990

• Units: 139

• Income Range: $107,383–$227,500

• Deadline: September 18

• Details: Located at 240 Willoughby St, this building offers affordable housing options in Brooklyn.

Full article: https://patch.com/new-york/upper-west-side-nyc/rents-start-761-these-9-affordable-nyc-housing-lotteries-how-apply

Office-to-Residential Conversions: A Growing Trend

Want to live in Times Square? Its touristy, so probably not, but its not affordable.

Now, people with about 80% of Times Squares Median AMI will be able to live here (well, minus the tourists) and enjoy the noise of the nearby tourists (not a great location but a GREAT cause-I will say)

So in math terms, the conversion of 5 Times Square, a 38-story office tower, will turn into a mixed-use development with 1,250 new homes. Approximately 313 of these apartments will be permanently affordable to New Yorkers earning up to the previously mentioned 80% AMI. This project not only contributes to increasing the city's housing stock but also revitalizes a prominent location in the heart of Manhattan.

Read full article here:https://www.6sqft.com/times-square-office-tower-to-become-1250-apartments/?utm

Pfizer for Housing

In a BRAND NEW development, the former Pfizer headquarters at 219-235 East 42nd Street in Midtown Manhattan is undergoing a massive office-to-residential conversion.

This project, led by Metro Loft Developers and David Werner Real Estate Investments, is set to become the largest of its kind in New York City, with a total of 1,602 residential units upon completion. Notably, 25% of these units will be designated as affordable housing, addressing the city's pressing need for low-income housing options.

The ambitious plan includes adding 19 stories atop the original 10-story tower and reconfiguring the adjoining building with a new high-performance facade.

The development will also feature 100,000 square feet of amenities, including a rooftop pool and a state-of-the-art fitness center, aiming to provide residents with a high-quality living experience. This project exemplifies the city's commitment to repurposing underutilized commercial spaces to meet housing demands.