Type A Real Estate Advisors and JASA recently completed a new affordable housing development at 1490 Southern Boulevard in The Bronx. The 100-percent affordable project is located in the borough’s Charlotte Gardens neighborhood and comprises 114 units for households making up to 50 percent area median income (AMI). Thirty percent of the units will be set aside formerly homeless older adults.
Permits have been filed for a five-story residential building for seniors at 849 Crotona Park North in Crotona Park East, The Bronx. Located between Marmion Avenue and Waterloo Place, the interior lot is three blocks from the 174th Street subway station, serviced by the 2 and 5 trains. Seth Coston of Time Equities Inc. is listed as the owner behind the applications.
The Jackson Group recently sold 2970 Third Avenue, a 25,000-square-foot retail property in the South Bronx, to 5 Boro Real Estate Partners for $8.75 million. The new owners intend to redevelop the property into a 100,000-square-foot mixed-use building.
The affordable housing lottery has launched for The Bryant, an eight-story residential building at 1115 East 165th Street in Longwood, The Bronx. Designed by Magnusson Architecture and Planning and developed by New Destiny Housing, the 69,450-square-foot structure yields 62 residences. Available on NYC Housing Connect are 24 units for residents at 50 percent of the area median income (AMI), ranging in eligible income from $25,886 to $64,450.
The affordable housing lottery has launched for 186 East 205th Street, an eight-story residential building in Bedford Park, The Bronx. Designed by Badaly Architects and developed by Franco Sukaj, the 42,524-square-foot structure yields 62 residences. Available on NYC Housing Connect are 19 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $41,143 to $167,570.
