NYC real estate in brief

New York /
Jul.July 07, 2009 12:50 PM

Brownsville affordable housing complex opens
L+M Development Partners’ new affordable
housing complex in Brownsville will celebrate its opening with a ribbon cutting today.
The complex, called Prospect Plaza, has 151 units and received more
than 2,000 lottery applications. The project received funding in 2007
from the New York State Housing Finance Agency, the state Division of
Housing and Community Renewal and Citibank. Magnusson Architecture and
Planning designed the complex, which is comprised of 20 four-story
townhouse-style buildings and about 2,900 square feet of commercial and
retail space.

Coldwell Banker interactive billboard on display in Times Square
Coldwell
Banker Real Estate launched an interactive billboard in Times Square
that displays home listings. People can text the word “homes” and any
zip code, and the billboard will show the highest, median and lowest
priced properties in the area. They will also receive a text from
Coldwell Banker directing them to a link with more information. The
billboard, above the W Hotel on Broadway at 47th Street, will be on display from July 6 through
August 2.

Rialto buyers can put 10 percent down
While some banks are requiring 20 percent down payments from buyers,
potential buyers at the Rialto condo in Williamsburg now only have to
put 10 percent down, and the sponsor will provide a second mortgage for
the amount that banks will not lend. In addition, the two loans can be
combined into one loan with one monthly payment. The Rialto, at 150
North Fifth Street, is 60 percent sold and is available for immediate
occupancy. The two-tower building has units ranging from studios to three-bedroom apartments. TRD


Related Articles

arrow_forward_ios
(Getty; Illustration by The Real Deal)
Agents: Life is good under 7%
Agents: Life is good under 7%
Coach Realtors' Mary Alice Ruppert (Coach Realtors Associate, Getty)
Sellers relent: Long Island home price cuts at 3-year high
Sellers relent: Long Island home price cuts at 3-year high
(Getty; Illustration by Kevin Rebong for The Real Deal)
Investor home purchases plummet 30%
Investor home purchases plummet 30%
From left: Peter Hungerford, Shai Segev, and Michelle Haruvi (Getty, LinkedIn, Zillow)
She wanted a piece of the Haruvi empire. She got an eviction notice instead
She wanted a piece of the Haruvi empire. She got an eviction notice instead
Home sales plummet in October
Existing home sales sink for ninth straight month
Existing home sales sink for ninth straight month
Housing Market, Residential Real Estate, Home Builders
Housing starts continue to fall amid mortgage rate peak
Housing starts continue to fall amid mortgage rate peak
Homeward CEO Tim Heyl (Homeward, Illustration by The Real Deal with Getty)
Power buyer Homeward cuts another 25% of staff
Power buyer Homeward cuts another 25% of staff
Naftali Group's Mika Naftali, Len Blavatnik and 470 Kent Avenue (Naftali Group, Google Maps, Mark Neyman / Government Press Office/CC BY-SA 3.0/via Wikimedia Commons)
Naftali, Blavatnik land $385M for big Williamsburg resi project
Naftali, Blavatnik land $385M for big Williamsburg resi project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...