Housing Lottery Launches for 1111 Foster Avenue in Ditmas Park, Brooklyn

The affordable housing lottery has launched for 1111 Foster Avenue, a six-story mixed-use building also addressed as 1039 Coney Island Avenue in Ditmas Park, Brooklyn. Designed by Dome Architecture & Design, the structure yields 60 residences. Available on NYC Housing Connect are 18 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $56,572 to $215,150.

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YIMBY’s 2022 Q1 Report Shows 19,337 New Residential and Hotel Units Filed From January Through March in New York City

Statistics for permit filings for New York City for the first quarter of 2022 are in, and YIMBY has exciting news to share. During the three months between January and March, the Department of Buildings has registered a total of 862 new building permits filings, skyrocketing past last year’s quarterly average of 504 filings. The filings add up to a total of 22.4 million square feet, nearly doubling last year’s quarterly average of 13.3 million. Among these, the filings for new residential and hotel properties yield a combined total of 19,337 units. Below we share a series of custom-made charts and analyses that break the data down into further detail. The full report is available with a subscription to YIMBY’s Building Wire service.

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611 West 56th Street Wraps Up Construction in Hell’s Kitchen, Manhattan

Exterior work is complete on 611 West 56th Street, a 35-story residential tower in Hell’s Kitchen. Designed by Portuguese architect Alvaro Siza with SLCE as the architect of record and developed by Sumaida + Khurana and LENY, the 450-foot-tall structure will yield 77 units with interiors designed by Gabellini Sheppard Associates. Homes come in one- to four-bedroom layouts, as well as duplex “maisonettes,” full-floor homes, and a grand penthouse. Corcoran Sunshine Marketing Group is handling sales and marketing for the property, which is alternately addressed as 823 Eleventh Avenue and is located at the corner of West 56th Street and Eleventh Avenue.

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Housing Lottery Launches for 6375 Broadway in North Riverdale, The Bronx

The affordable housing lottery has launched for 6375 Broadway, a seven-story residential building in North Riverdale, The Bronx. Designed by Marin Architects, the structure yields 65 residences and 36 parking spaces. Available on NYC Housing Connect are 23 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $187,330.

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