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The proposed rent increases for a 2 bedroom apartment each year were 15% in 1981 and 1982, 25% in 1983, 1984, 1985 and 1986. The proposal would triple the rent in just 6 years. Up to that time, the Village operations, debt service, utilities and maintenance had been covered by rent, and the rent had been affordable.
Developer Joe Rinkus is in the final stages of turning the building into 30 apartments with one bedroom or two bedrooms for people ages 55 and older. He said pre-leasing begins April 1 and the new ...
Several federal and state initiatives have targeted this problem, but have failed to provide enough affordable, inclusive, and sustainable housing for New York City residents. The demand for affordable housing in New York City remains high: 2.5 million applications were submitted for 2,600 available affordable apartments in 2016. [63]
At least 168 apartments, ranging from one to three bedrooms, at the site of the demolished J.C. Penney mall; ... And the developer will pay for infrastructure, design and storm water utilities.
Trump Parc and Trump Parc East are two adjoining buildings at the southwest corner of Central Park South and Sixth Avenue in Midtown Manhattan, New York City.Trump Parc (the former Barbizon-Plaza Hotel) is a 38-story condominium building, and Trump Parc East is a 14-story apartment and condominium building.
The $3.5 million renovation turned the building into 24 market rate apartments. Four of the units are live-and-work spaces. [8] [9] The building, which is 36,000 square feet (3,300 m 2), was divided into one-, two- and three-bedroom apartments. [10] Some of the apartments face an interior courtyard. The project was completed in January 2011.
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