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For years, Halstead Property made a name for itself marketing sparkling luxury condos. Now, though, the white-shoe firm will also list an apartment type that
most New Yorkers may associate with worse-for-wear projects: affordable
housing. In two weeks, in a new section on Halstead’s Web site, buyers can
browse among units reserved for those making less than a certain
salary. That salary will be based on the median household income in the
New York City area, which is $76,820. Initially, the featured units will be primarily located in two
buildings, whose development terms with the city mandated they include
below-market units. The first will be a Harlem co-op called Beacon Towers, an eight-story
new brick building at 29 West 138th Street. Its 28 below-market units
will be priced from about $300,000 to $475,000. Buyers can make no more
than 225 percent of the median income, or about $173,000, said Halstead
executive director Stephen Kliegerman. [more]
