Real Estate

Camber Buys Linden Plaza Development in ENY for $1B

Camber Property Group has officially acquired the 11-building, 1,527-unit Linden Plaza apartment complex in East New York, Brooklyn, for nearly $1 billion, as reported by Commercial Observer. The property was purchased from Linden Plaza Preservation, an entity managed by RY Management, with the deal closing just before the new year. Rick Gropper, founding principal at Camber, described the acquisition as “a historic transaction and one of the largest multifamily transactions,” emphasizing its potential to significantly improve the living conditions for residents through a public-private partnership.

New Affordable Housing at Logan Fountain Apts

Logan Fountain Apartments, located at 265 Logan Street in the East New York neighborhood of Brooklyn, is offering 68 newly constructed units. These units provide affordable housing options for individuals and families, with rents starting at $994.

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Own Your Brooklyn Co-Op: Belle Gardens 46 New Units

Belle Gardens is your opportunity to own a one- or two-bedroom co-op in Brooklyn. With 46 newly constructed apartments located at 20 Suydam Place, 37 Rochester Avenue, and 331 & 335 Ralph Avenue, Brooklyn, NY 11233, this affordable housing program is designed to bring homeownership within reach for eligible buyers. The deadline to apply is January 8, 2025.

NYC Brokerage Revived Residential Acquires Bedford Brownstone

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Eviction Rates Spike at NYCHA PACT Properties

A recent audit commissioned by New York City Comptroller Brad Lander reveals that eviction rates at Permanent Affordability Commitment Together (PACT) developments have surged post-pandemic, aligning more closely with private rental housing rates than traditional NYCHA units. Following the expiration of the eviction moratorium, eviction filings and executions accelerated across all rental housing but occurred at a significantly faster pace in PACT-managed properties.

Luxury Affordable Housing in Brooklyn: Apply By Jan 24!

Brooklyn residents seeking affordable yet luxurious housing options can now apply for a newly constructed development at 268 Barbey St. at the corner of Atlantic Ave, offering a range of upscale studio, one-, two-, and three-bedroom apartments, in East New York. Designed for comfort and convenience, this development combines high-end finishes with accessible pricing through the Inclusionary Housing Program and the 421a Tax Incentive Program.

This is a unique doorman development, which includes an outdoor terrace and a rooftop deck.

Billion Dollar Development Breaks Ground in ENY Brooklyn

Construction has officially begun on the Innovative Urban Village, a transformative $1 billion development on the 11-acre campus of the Christian Cultural Center (CCC), led by Pastor AR Bernard in Brooklyn.

Apply for Affordable Waterfront Rentals on Staten Island

Experience Waterfront Living on Staten Island
Lighthouse Point, Staten Island’s newest affordable development, offers a unique blend of luxury, convenience, and stunning views. Perched above New York Harbor, this community features unobstructed vistas stretching from Brooklyn to Manhattan, all just minutes away from downtown via the NYC Ferry.