Williamsburg News

Williamsburg-related news

Ultra-low Vacancy Rates in Manhattan in October

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...

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160 South 2nd Street Affordable Apartments Lottery

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...

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Schaefer Landing Housing Project Completed in 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".