Affordable housing

3401 Third Avenue - Alexander Gorlin Architects

Affordable Housing Development ‘El Borinquen Residences’ Now Complete at 3401 Third Avenue in The Bronx

7:30 am on October 29, 2022 By Sebastian Morris

Developers and city agencies recently celebrated the completed of El Borinquen Residences, a new, deeply affordable property in The Bronx. Located at 3401 Third Avenue in the Morrisania neighborhood, the ten-story building houses 148 affordable apartments, including 29 homes for seniors at or below 30 percent Area Median Income (AMI), and 90 units designated for the formerly homeless and youths aging out of foster care. The latter includes access to on-site supportive services.

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Housing Lottery Launches for 168 Force Tube Avenue in Cypress Hills, Brooklyn

6:30 am on October 29, 2022 By Vanessa Londono

The affordable housing lottery has launched for 168 Force Tube Avenue, a three-story residential building in Cypress Hills, Brooklyn. Developed by Lo Sardo General Contractors, the structure yields 22,006 square feet and 26 residences. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,429 to $215,150.

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Housing Lottery Launches for 740 Brook Avenue in Woodstock, The Bronx

7:00 am on October 28, 2022 By Vanessa Londono

The affordable housing lottery has launched for 740 Brook Avenue, a nine-story mixed-use building in Woodstock, The Bronx. Designed by Dattner Architects and developed by Phipps Houses with construction financing through NYC Housing Preservation and Development and New York State Homes and Community Renewal, the structure yields 55 residences. Available on NYC Housing Connect are 42 units for residents at 30 to 100 percent of the area median income (AMI), ranging in eligible income from $16,183 to $165,500.

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540 Fulton Street, designed by Marvel Architects

The Paxton’s Façade Nears Completion at 540 Fulton Street in Downtown Brooklyn

8:00 am on October 27, 2022 By Michael Young

Exterior work is nearing completion on The Paxton, a 43-story mixed-use skyscraper at 540 Fulton Street in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the 511-foot-tall tower will yield 330,000 square feet with 327 residential units in studio to three-bedroom layouts, 137,075 square feet of commercial space, and 33,000 square feet of retail space in the multi-story podium. M.N.S. is handling sales and marketing for the residential component of the property, which is located by the intersection of Flatbush Avenue and Fulton Street.

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