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Williamsburg-related news and updates. 229 North 8th Street (BK) is Now a Rental229 North 8th Street has started renting out apartments. Continue reading: 229 North 8th Street (BK) is Now a Rental » - - - Miller Samuel: Shadow Inventory LurksPosted 11/Aug/2009 16:20:00 by Gromco in Trends in the NYC Real Estate Market, Financial District, Williamsburg, 111 Kent, South Edge, North Edge, Two Northside Piers, Swig Equities Quoted by Crain's New York, Jonathan Miller, chief executive of appraisal firm Miller Samuel Inc, says that there are a lot more condo inventory than it appears. Continue reading: Miller Samuel: Shadow Inventory Lurks » - - - 320 Bedford Avenue Rents All Units in One DayPosted 03/Aug/2009 20:20:00 by Gromco in 320 Bedford Avenue, Williamsburg Brownstoner reports that all 14 "loft-inspired" units at the new building at 320 Bedford Avenue in Williamsburg were rented in one day. Continue reading: 320 Bedford Avenue Rents All Units in One Day » - - - Ultra-low Vacancy Rates in Manhattan in OctoberPosted 15/Nov/2006 10:35:00 by Gromco in Trends in the NYC Real Estate Market, Williamsburg, Murray Hill, SoHo, TriBeCa A few months ago we mentioned a Citi Habitats report stating a slight increase in vacancy rates. Well, in October the situation seems to have reversed. Ultra-low vacancy rates and high rents are the norm now... Continue reading: Ultra-low Vacancy Rates in Manhattan in October » - - - 160 South 2nd Street Affordable Apartments LotteryPosted 13/Nov/2006 18:30:00 by Gromco in Affordable Housing in NYC, Williamsburg Another affordable apartment lottery has been announced. This time, we're talking about 160 South 2nd street in Williamsburg. 20 apartments (from 1br to 3br) available in the $547-to-$764 price range. Read on for details... Continue reading: 160 South 2nd Street Affordable Apartments Lottery » - - - Schaefer Landing Housing Project Completed in WilliamsburgPosted 10/Oct/2005 by Gromco in Affordable Housing in NYC, Williamsburg The Bloomberg administration [announced] last week the completion of the first two buildings of the new waterfront housing development in the Greenpoint-Williamsburg area. The 350-unit two-building complex at Schaefer Landing located on Kent Ave is the first constructed under the area's rezoning plan. 140 units will be set aside as rentals for low-income families, while the other 210 will go for sale (at market rates) as condominiums. For those wondering how the lucky 140 tenants are/were being selected, the administration explains that the "tenants... have been or will be selected by lottery with at least half of the apartments being rented to current residents of Williamsburg. Over 100 families have been selected so far out of thousands of applications received." The definition of "low-income" for the purposes of affordable housing eligibility is "families earning up to $37,680 per year". | |||
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