Monthly Archives: August 2022

Daily Links: Williamsburg’s Cafe Argentino Burns, Tenants and Restaurant Displaced

Aug 24, 2022 |

In the News Inside the Making of New York City’s Bizarre Nuclear War P.S.A. [NYT] Cobble Hill’s Cafe Spaghetti is the Anti-Carbone [NYT] Outdoor Dining Sheds to Stay, but Brooklynites Have Mixed Feelings [BK Reader] ‘Save Maimonides’ Effort Draws Passion and Skepticism from Brooklynites [BP] Early Morning Fire Destroys ‘Burg Restaurant, Displaces Several Tenants [BP] […more]

Renters pay big fees every time they apply for apartments. California could change that

Aug 24, 2022 |

California renters hate paying application fees when looking for apartments. Legislation to allow reusable credit reports has passed the state Senate.

Foundations Underway for Three-Tower Development at 2-20 and 2-21 Malt Drive in Hunters Point, Queens

Aug 24, 2022 |

Excavation and foundation work are progressing at 2-20 and 2-21 Malt Drive, the site of a three-tower mixed-use complex in the Hunters Point South master plan in Hunters Point, Queens. Designed by SLCE Architects and developed by TF Cornerstone, the project consists of a 34-story, 390-foot-tall structure yielding 575 units at 2-20 Malt Drive and a two-tower […more]

Renderings Revealed for Just Home Supportive Housing Development at 1900 Seminole Avenue in Morris Park, The Bronx

Aug 24, 2022 |

NYC Health + Hospitals and the Department of Housing Preservation & Development (HPD) recently announced Just Home, a forthcoming housing project for formerly incarcerated New Yorkers with life-threatening medical conditions. Located at 1900 Seminole Avenue in the Morris Park section of The Bronx, the initiative will create approximately 70 studio and two-bedroom apartments.

Why Today’s Housing Inventory Proves the Market Isn’t Headed for a Crash

Aug 24, 2022 |

Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then. And news about an economic slowdown happening today may bring all those concerns back to the surface. While those feelings are understandable, data can help reassure you the situation today is nothing like it was […more]

Is Kips Bay Running Into Problems With The 2022 Decorator Show House at 9250 Meadowbrook?

Aug 24, 2022 |

Work has resumed at the Kips Bay Decorator Show House at 9250 Meadowbrook Drive, but will the property host an event this year? See More…

Permits Filed for 242 East 106th Street in East Harlem, Manhattan

Aug 24, 2022 |

Permits have been filed for a ten-story affordable housing building at 242 East 106th Street in East Harlem, Manhattan. Located between Second and Third Avenues, the lot is near the 103rd Street subway station, serviced by the 6 train. Ascendant Neighborhood Development is listed as the owner behind the applicants and will be developing the […more]

Mortgage apps continue downward trend

Aug 24, 2022 |

Demand for mortgage loans continued to decline last week, remaining at the lowest level in two decades, according to the Mortgage Bankers Association (MBA).  The market composite index, a measure of mortgage loan application volume, fell 1.2% for the week ending Aug. 19, compared to the previous week. It was also down 63% compared to the same week […more]

Housing Lottery Units Still Available at 1709 Park Place in Crown Heights, Brooklyn

Aug 24, 2022 |

There are still three affordable housing units available via lottery at 1709 Park Place, a four-story residential building in Crown Heights, Brooklyn. Designed by Draft Master Engineering and developed by Gaby Uziel under 1709 Park Place LLC, the structure yields eight residences. Available on NYC Housing Connect are three residences for residents at 130 percent […more]

Market Conditions: July Sales Fall 27.6% to 10-Year Low as Rates Remain Over 5%

Aug 24, 2022 |

The Illinois Association of Realtors is out with the July data. We knew it was going to eventually slow as the mortgage rates rose. But boy, did it slow in July. In Chicago, home sales (single-family and condominiums) in July 2022 totaled 2,426 homes sold, down 27.6 percent from July 2021 sales of 3,350 homes. […more]