Heritage Equity Partners

Lottery opens for 45 mixed-income rentals a block from Green-Wood Cemetery, from $1,473/month

Image courtesy of the NYC Department of Housing Preservation and Development

December 23, 2022

Lottery opens for 45 mixed-income rentals a block from Green-Wood Cemetery, from $1,473/month

A housing lottery opened this week for 45 mixed-income units at a new residential development in Brooklyn. Located at 875 4th Avenue in Greenwood, the luxury rental rises eight stories and has 150 apartments. New Yorkers earning 80 and 130 percent of the area median income, or between $53,863 for a single person and $187,330 for a household of five people, can apply for the apartments, priced from $1,473/month studios to $2,975/month two bedrooms.
See more here

Affordable Housing

Photo credit: Ty Cole

October 3, 2019

Behold photos of Williamsburg’s new commercial office development 25 Kent, now complete

By Michelle Cohen

25 Kent Avenue, Williamsburg's first ground-up commercial office development in over 50 years, is now complete. The building spans a full city block and was designed by architects Hollwich Kushner (HWKN) and Gensler and to provide "a social campus for innovators, startup founders, and tech leaders." As 6sqft previously reported, the eight-story building holds 500,000 square feet of office space along the Williamsburg waterfront as well as retail at ground level and underground parking, with millennial-friendly rooftops and terraces and floor-to-ceiling windows.
Many more photos of 25 Kent, this way

Live in a new Art Deco-inspired rental in Crown Heights, from $1,080/month

Via CitiHabitats

May 18, 2018

Live in a new Art Deco-inspired rental in Crown Heights, from $1,080/month

By Devin Gannon

A Karl Fischer-designed rental in Crown Heights launched a lottery this week for 40 affordable one- and two-bedroom apartments. Dubbed The Frederick, the building at 564 St. John's Place boasts a masonry and cast stone facade lined with stunning bay windows. To break away from the cookie-cutter look of new developments, the Frederick has residences with "state-of-the-art, but full of uncommon detail," according to the building website. Qualifying New Yorkers earning 60 percent of the area median income can apply for the affordable units, consisting of $1,080/month one-bedrooms and $1,223/month two-bedrooms.
Find out if you qualify

Affordable Housing

May 7, 2018

Williamsburg’s first ground-up commercial space in over 40 years tops out

By Devin Gannon

Rendering via Steelblue/Gensler Silicon Valley will soon land in Williamsburg, according to the masterminds behind 25 Kent, an office building designed with the tech community in mind. The eight-story building at 25 Kent Avenue, the first ground-up commercial office development in the area in over four decades, has officially topped out. The building offers 500,000 square feet of office space along the Williamsburg waterfront, retail at ground level and underground parking, according to CityRealty. Designed by Gensler with concept designs by Hollwich Kushner (HWKN), 25 Kent will surely attract young professionals, with its millennial-friendly rooftops, terraces and floor-to-ceiling windows.
Details here

New Developments

August 25, 2014

Real Estate Wire: The Plaza Hotel is Still for Sale; How to Convert a Church Into a Rental

By Diane Pham

The sultan of Brunei’s interest in the Plaza was all fluff, but the landmark hotel is still up for sale. The hotel will likely fetch $2B, but any deal will be extremely complicated given the current ownership structure. [NYT] Post-gentrifiers are upset with the post-post-gentrifiers that have driven Williamsburg’s prices sky high. [NYT] The George Washington Bridge Terminal […]

Real Estate Trends

June 7, 2014