Monadnock Development

Major East New York development opens lottery for 203 low-income apartments, from $465/month

Rendering: NYC Department of Housing Development and Preservation

April 2, 2024

Major East New York development opens lottery for 203 low-income apartments, from $465/month

Applications are now being accepted for 203 affordable apartments at a new residential development in East New York. The development is the final part of phase four of Nehemiah Spring Creek, a decades-long project led by the city to transform former marshland and landfill into a sprawling mixed-income and mixed-use community. New Yorkers earning 30, 50, 70, and 80 percent of the area median income, or between $18,480 for a single person and $122,000 for a household of five, can apply for the apartments. Units start at $465/month for studios, $591/month for one-bedrooms, and $700/month for two-bedrooms.
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Affordable Housing

156 affordable apartments available at 16-story Bronx rental, from $397/month

Image courtesy of the NYC Department of Housing Preservation and Development

March 8, 2023

156 affordable apartments available at 16-story Bronx rental, from $397/month

By Aaron Ginsburg

An affordable housing lottery opened this week for 156 apartments in the Bronx. Located at 1923 West Farms Road in West Farms, the 16-story rental dubbed Compass Six offers tenants spacious units and outdoor space. New Yorkers earning 30, 50, 70, and 80 percent of the area median income, or between $16,183 annually for a single person and $132,400 annually for a household of seven, can apply for the apartments, priced from $397/month studios to $2,273/month three bedrooms.
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Affordable Housing

Apply for 268 mixed-income apartments at new 19-story East Harlem tower, from $625/month

Rendering courtesy of S9 Architecture

May 27, 2022

Apply for 268 mixed-income apartments at new 19-story East Harlem tower, from $625/month

By Devin Gannon

About three years since breaking ground, One East Harlem has launched a housing lottery for 268 affordable apartments. Designed by S9 Architecture, the 19-story tower is located at 201 East 125th Street and contains over 400 units of housing, an affordable grocery store, and a new home for the Caribbean Cultural Center African Diaspora Institute. Qualifying New Yorkers earning 40, 50, 100, and 165 percent of the area median income can apply for the apartments, priced from a $625/month studio to a $3,142/month three-bedroom.
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Affordable Housing

October 11, 2021

80-unit affordable building for seniors opens in East New York

By Devin Gannon

Photo: James Shanks Photography An affordable housing building for seniors opened in East New York last week, one of the final pieces of a long-awaited development project. Located at 516 Schroeders Avenue, the building is the sixth phase of the Nehemiah Spring Creek development, which includes the transformation of 45-acres of undeveloped wetlands and landfills into mixed-use, mixed-income Brooklyn community.
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Affordable Housing

A 266-unit affordable senior housing complex with focus on health and wellness to open in Brooklyn

Rendering courtesy of Dattner Architects

December 16, 2019

A 266-unit affordable senior housing complex with focus on health and wellness to open in Brooklyn

By Devin Gannon

A medical center in Brooklyn will be developed into a mixed-use complex with affordable housing, on-site counseling service, fitness programs, and integrated health care. Gov. Andrew Cuomo announced last week plans to transform the current Kingsbrook Jewish Medical Center North Campus, located between Prospect Lefferts Gardens and East Flatbush, into Kingsbrook Estate, a three-building development with 266 units of affordable housing. Designed by Dattner Architects in collaboration with landscape architecture firm terrain, the development falls under the state's Vital Brooklyn plan, created in 2017 to bring more housing and jobs to the Central Brooklyn area.
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Affordable Housing

New 125th Street project will bring 300 affordable apartments to East Harlem

Rendering courtesy of S9 Architecture

April 26, 2019

New 125th Street project will bring 300 affordable apartments to East Harlem

By Alexandra Alexa

Long in the works as part of the larger East 125th Street Development project, One East Harlem officially broke ground yesterday. Located at 201 East 125th Street, the 19-story building designed by S9 Architecture will rise on the corner of 125th Street and Third Avenue, bringing over 400 mixed-income apartments, nearly 300 of which will be affordable, 65,000 square feet of commercial space, 5,000 square feet of cultural facilities, and 10,000 square feet of public open space to the neighborhood. Developed by a consortium—Richman Group Development, Bridges Development Group, and Monadnock Development—One East Harlem is slated for completion in 2021.
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Lottery opens for 231 affordable units at Flushing’s new mixed-use development

Rendering via Monadnock Development

June 28, 2018

Lottery opens for 231 affordable units at Flushing’s new mixed-use development

By Dana Schulz

Three-and-a-half years ago, the Department of City Planning enlisted Monadnock Development to build a mixed-use project in downtown Flushing, Queens. Located at 133-45 41st Avenue and dubbed One Flushing, the development has 22,000 square feet of retail space, along with 232 all-affordable apartments, nearly 40 percent of which is set aside as supportive senior housing. Including low- and middle-income units, the lottery for these residences has just opened, ranging from $548/month studios to $2,302/month three-bedrooms. In addition to being just around the corner from the 7 train and adjacent to the Flushing-Main Street LIRR Station, the building offers a 156-space public parking lot, 24-hour attended lobby, laundry room, bike storage, tenant lounge and terrace, fitness center, and rooftop garden.
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Affordable Housing

June 9, 2016

Micro-Apartments at Carmel Place Starting from $2,570 and Offering a Month Free

By Ondel Hylton

For you minimalist gurus who also relish on-site amenities, there is a now a building for you. Earlier this spring, leasing kicked off for the city's first micro-housing development, Carmel Place (formerly known as My Micro NY) at 335 East 27th Street. Developed by Monadnock Development and designed by nARCHITECTS, the newly finished no-fee building is a prototype meant to test compact and efficient living arrangements within the city's tight housing market, as well as accommodate the city’s growing population of one- and two-person households. Thee leasing team led by Citi-Habitats is offering one month free on all 12- and 24-month leases. According to CityRealty, there are seven micro-studios available ranging from 265 to 360 square feet. Though the units are nearly half the size of typical studio apartments, monthly rents are not analogously micro with current asking prices ranging from $2,570 to $2,920 per month. That's an average of $110 per square foot, significantly more than $83 per square foot median studio price in Murray Hill and $60 per square foot in Gramercy.
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July 9, 2015

Construction Update: NYC’s First Micro Apartment Complex Is Now Fully Stacked

By Diane Pham

Moving day inches closer for those looking to claim a module in the city's first micro apartment complex. As of this week, My Micro NY is fully stacked, rising 120 feet from its site at 335 East 27th Street at the border of Gramercy in Kips Bay. The project, also known as Carmel Place, is the product of a city-sponsored design competition launched by former mayor Michael Bloomberg in 2012 as a way to test out if micro dwellings could be an answer to the city's housing shortage, and in turn give enough reason for adjusting NY's dated building codes to allow for smaller units better suited for today's shrinking households. As it stands, the legal minimum is 400 square feet, while My Micro NY's apartments measure a mere 260 to 360 square feet.
More images of the construction

April 21, 2015

City’s First Micro-Apartment Project ‘MY Micro NY’ Ready for Stacking

By Ondel Hylton

Just in time for Earth Day, New York's first micro-unit apartment building, dubbed My Micro NY, is entering its final construction phase. When finished later this year, urbanites will have a chance to live within the center of the city in a brand new building flush with amenities, all for under $3,000. Developed by Monadnock Development and the NYC Department of Housing Preservation and Development, the soon-to-be-nine-story structure wrapped up foundation work this past winter, and a one-story steel platform is ready to receive 55 modular units. The units are currently being built off-site at the Brooklyn Navy Yard by a team of 50 workers. In late May, the units will be shipped to the Gramercy Park lot at 335 East 27th Street where they will be stacked and bolted together along with stairs, an elevator, and other shared spaces.
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