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Mayor de Blasio Budget Includes Program To Legalize Basement Apartments

Mayor Bill de Blasio has included $5.7 million in the NYC preliminary budget, to fund a basement apartment pilot program, starting in East...

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Spring Creek Townhome Applications Available Thru April 3

Phase 4A single family and two-family townhomes at Nehemiah Spring Creek are awarded through a lottery and interview process. All...

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Affordable Rental Housing in Greenpoint Brooklyn Gets Capital From Pembrook

Pembrook Capital Management LLC (“Pembrook”) announced the closing of a $2.256 million second mortgage loan to finalize...

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Foreclosures Double In Brooklyn With East New York And Canarsie Leading The Way

A report on New York City foreclosures, put out by Property Shark shows Brooklyn’s foreclosure rate doubling from 2016, with East...

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Starrett City Sale Gets The OK from State Supreme Court Judge

The owners of East New York’s, Starrett City Complex (Spring Creek Towers), have received the ok from a State Supreme Court judge,...

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MTA Looking To Develop Air Rights Above the LIRR in Bay Ridge

The MTA is releasing an RFP, looking for developers t0 develop the airspace and related real property above a section of the LIRR Bay Ridge...

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Pitkin Avenue Theatre Building in Brownsville Sells for $53 Million

Original Media Source: The Real Deal photo credit: Cinema Treasures According to The Real Deal, Shulem Herman paid $53 million for 1501...

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800 Affordable Homes in Brooklyn & The Bronx To Be Created Through $14.5 Million in Tax Credits

HPD AWARDS $14.5 MILLION IN TAX CREDITS TO CREATE NEARLY 800 AFFORDABLE HOMES ACROSS BROOKLYN AND THE BRONX Low Income Housing Tax Credits...

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NYC Land Use Committee Approves Re-Development of Bedford Union Armory

This past week the City Council Land Use Committee and Planning Subcommittee approved the de Blasio Administration’s plan to...

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East New York Rezoning Brings Chestnut Commons Affordable Housing Development To The Neighborhood

The NYC Department of Housing Preservation and Development (HPD)  and Housing Development Corp (HDC) announced recently that Chestnut...

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