NYC real estate in brief

February 17, 2009 06:43PM

Sales relaunch at Hudson Hill Condominium
After temporarily being taken off the market, sales have resumed at
Alchemy Properties’ Hudson Hill Condominium, at 462 West 58th Street,
between Ninth and Tenth avenues. The condominium has 67 one-, two- and
three-bedroom units priced between $805,000 and $2.98 million. The
apartments range from 760 to 3,253 square feet, many with terraces and
balconies.

Review of Inclusionary Housing Program begins

The public review
process is beginning for the expansion of the city’s Inclusionary
Housing Program. The new provisions will include a permanently
affordable homeownership option for low-, moderate- and middle-income
households. Inclusionary housing provides incentives for creation or
preservation of affordable housing in exchange for the right to build
additional housing within the height and bulk limits for each zoning
district.

Mill Pond condo receives FHA approval

American Properties
Realty’s condominium Mill Pond at Eatontown in New Jersey has received
FHA approval, allowing buyers to put as little as 3 percent down on a
home, with mortgage rates starting at 5 percent. Only 20 of the 118
units are still available, and prices start at $252,990. More than 50
percent of the residents have already moved in.

Webb Apartments open next week
Genesis Companies’ Webb
Apartments in Jersey City will open next Tuesday, February 24, with a
ribbon cutting ceremony. The building has earned a LEED Silver Rating,
and includes 40 affordable rentral apartments and 9,000 square feet of
commercial space. The development is also registered as an Energy Star
building. TRD