Forthcoming NYC rentals with affordable components
One of Mayor Zohran Mamdani’s key campaign promises was a temporary rent freeze on New York City’s more than one million rent-stabilized apartments. In fact, the mayor doesn’t set rents on stabilized units (that decision is made by the independent Rent Guidelines Board), but he does have the ability to appoint board members who are likely to support his mandate. With rents across the city reaching new highs in late 2025, many New Yorkers are looking forward to the mayor fulfilling his promise of a rent freeze, starting in 2026.
Mayor Mamdani took office at a time when city rents have reached new highs. According to data from Miller Samuel and Douglas Elliman, the median rent on new Manhattan leases signed in December 2025 was $4,720, up nearly 9% from the previous year. The outer boroughs offered little relief, with median rents on leases in Brooklyn coming to $3,850 (up 10% from the previous year) and leases in northwestern Queens coming to $3,652 (up nearly 8%). As such, many New Yorkers are likely looking forward to the mayor fulfilling his promise of a rent freeze starting in 2026.
In this article:
While most New Yorkers agree that affordability is a problem, largely due to housing costs, a long-term rent freeze presents both obvious benefits and a few notable risks—risks that may, over time, affect not only landlords and housing developers but all New Yorkers.
The Potential Risks of a Long-term Rent Freeze
At first glance, renters should have everything to gain and nothing to lose from a rent freeze. In fact, long-term rent freezes can both support and harm renters. It is also important to acknowledge that rent freezes also have differential impacts on landlords and developers.
Distorted market conditions
When rents rise, developers and investors are generally incentivized to build new units and maintain existing rental stock. When rents are flat, especially in an economy marked by rising inflation rates, the incentive to build more rental units and even retain existing rental stock decreases. If New York City adopts a long-term rent freeze, there are two notable risks that could ultimately hurt local renters.To begin with, the construction of new residential rental buildings seems certain to decrease. If landlords cannot adjust rents, it follows that the projected returns on new developments decline. While there are ways to mitigate these effects (e.g., by offering attractive tax incentives to developers who agree to build more rent-stabilized units), there is no guarantee that such incentives will work. In a city that continues to struggle to keep up with the demand for new housing units, this is a major concern.
Another risk is that more landlords will defer already overdue maintenance and repairs. Over time, this can lead to eroding housing conditions, lower overall quality of the rental stock, and, ultimately, a shrinking pool of habitable units. Indeed, there are an estimated 50,000 vacant units that might make the smallest dent in the housing shortage, but they are not on the market because their operating costs exceed legal rents, or because rents can't cover the cost of extensive renovations (h/t City Journal).
Most recently, a new report from the Small Property Owners of New York found that the one-year rent increases on the city's rent-stabilized apartments have failed to keep pace with inflation. This widens the gap between regulated rents and the cost of operating and maintaining the housing.
The “lock-in” effect
It’s no secret that on the buyer side of the market, historically low mortgage rates from 2020 to 2022, which brought welcome relief to buyers during the pandemic, are now negatively impacting the same demographic. With interest rates now more than double what they were a few years ago, many owners simply can’t afford to move. If a long-term rent freeze is implemented, there are reasons to fear that the rental market may experience a similar “lock-in effect.” If this happens, it won’t just be bad for a new generation of renters looking for affordable units. Over time, it could also disincentivize owning.Small landlords have more to lose
The effects of a long-term rent freeze are not uniform across all owners. Large landlords, who often own thousands of units, can typically absorb the cost of rent freezes. With huge cash reserves and a long-term strategy that is as dependent on their overall real estate portfolio as on any income derived from monthly rents, the impact of a rent freeze is unlikely to be devastating. But for small landlords with just a few units, rent freezes nearly always have a greater impact since they are most likely to rely on their rental income to cover mortgage payments, taxes, insurance, and maintenance.Expanding the shadow economy
Despite the fact that short-term rentals are now highly restricted in New York City—according to Local Law 18, all short-term rental owners must register their properties with the Mayor's Office of Special Enforcement and can only rent their homes while they are also residing in them—illegal short-term rentals haven’t disappeared. A long-term freeze on long-term rentals could also lead to an uptick in short-term rentals, both legal and illegal.The Balancing Act
Ultimately, the challenge is to balance affordability without disrupting the economic drivers that keep developers incentivized to build new rental units and large and small landlords alike incentivized to stay in the rental business. Over the next year, as Mayor Mamdani works to deliver on his campaign promise of freezing rents—at least for the time being—renters, landlords, and developers will be watching closely to see if he can successfully deliver on his promise for renters while continuing to persuade developers to build more rental units for New Yorkers across income brackets.NYC rentals with affordable components
285 Hudson Street, Soho
Developer; Madigan Development
Designer: Aufgang Architects
10 stories
12 units (100% affordable)
Completion estimated for 2029
Developer; Madigan Development
Designer: Aufgang Architects
10 stories
12 units (100% affordable)
Completion estimated for 2029
Rendering of 285 Hudson Street (Madigan Development)
In September 2025, Manhattan's Community Board 2 voted to support a new boutique building at 285 Hudson Street. The project is set to become either affordable rentals or HDFC cooperatives. In any case, permits for the new building were filed in December 2025, and demolition permits for the four-story tower currently on the site were filed in January 2026. It is well situated near Hudson Square offices (including Google's and Disney's), popular dining in both Soho and Tribeca, and the Spring Street C/E trains.
30 Thompson Street, Soho
Developer: Madigan Development
Designer: Aufgang Architects
19 stories
44 units (100% affordable)
Completion estimated for 2029
Developer: Madigan Development
Designer: Aufgang Architects
19 stories
44 units (100% affordable)
Completion estimated for 2029
In December 2025, permits were filed for a 19-story building at 30 Thompson Street. Madigan Development is planning a tower with affordable housing for those earning 60 percent of the Area Median Income (h/t Commercial Observer). A boutique condominium is reportedly planned for the neighboring 32 Thompson Street.
This represents the latest plan for the Thompson Street site. In March 2016, permits were filed for a boutique condominium designed by Karim Rashid. Developer Daniel Hollander also planned an office tower for the site, but the Covid pandemic put the kibosh on that (h/t The Real Deal).
This represents the latest plan for the Thompson Street site. In March 2016, permits were filed for a boutique condominium designed by Karim Rashid. Developer Daniel Hollander also planned an office tower for the site, but the Covid pandemic put the kibosh on that (h/t The Real Deal).
650 First Avenue, Murray Hill
Developer: Lalezarian Properties
Designer: Ismael Leyva Architects (renovation
11 stories
111 units (25% affordable)
22 availabilities from $4,295/month
2 months free rent on a 12-month lease
Developer: Lalezarian Properties
Designer: Ismael Leyva Architects (renovation
11 stories
111 units (25% affordable)
22 availabilities from $4,295/month
2 months free rent on a 12-month lease
650 First Avenue (Lalezarian Properties)
650 First Avenue dates back to 1904, when it was constructed as the headquarters of the Kips Bay Brewing Company. Both the company and the building somehow survived Prohibition, and the building was later repurposed as offices. More recently, four floors were added amidst its partial residential conversion. An affordable lottery is accepting applications until February 18.
All units are reached via keyless entrance and feature high ceilings, stone and wood flooring, kitchens with LED countertop lighting and stainless steel appliances, baths with Kohler fixtures, central heating and air conditioning, and in-unit laundry. Amenities include a 24-hour attended lobby, bike storage, a fitness center, two resident lounges, and a roof deck with stunning river views.
650 First Avenue is located in close proximity to NYU Langone Medical Center, the United Nations Headquarters, Murray Hill dining, and the Kips Bay Fairway and AMC movie theater. Grand Central Terminal is a few blocks northwest.
650 First Avenue is located in close proximity to NYU Langone Medical Center, the United Nations Headquarters, Murray Hill dining, and the Kips Bay Fairway and AMC movie theater. Grand Central Terminal is a few blocks northwest.
The Lotus, Murray Hill
255 East 39th Street
Developer: Brause Realty
Designer: CetraRuddy
20 stories
157 units (30% affordable)
8 availabilities from $4,348/month
Up to 2 months free rent on a 26-month lease
255 East 39th Street
Developer: Brause Realty
Designer: CetraRuddy
20 stories
157 units (30% affordable)
8 availabilities from $4,348/month
Up to 2 months free rent on a 26-month lease
The Lotus (Brause Realty)
A few blocks south of Tudor City, The Lotus stands out for its soaring height, upper-level setbacks that create terraces, and oversized windows. The project is underpinned by a building envelope designed to meet Zone Green designations, thus reducing both the building's carbon footprint and residents' energy bills. An affordable lotteryMarch 30), and leasing has launched with move-ins set to begin in mid-March 2026.
Interiors feature 9' ceilings, wide-plank flooring, kitchens with quartz countertops and stainless steel appliances (including induction cooktops), tranquil baths, central air conditioning, and in-unit laundry. Residents arrive to an attended lobby, and two floors of amenities include a fitness center with yoga room, a coworking lounge, a game room with billiards and foosball tables, a golf/multisport simulator, a screening room, a children's playroom, a residents' lounge, and a rooftop terrace with grilling and dining areas.
The Franklin, Harlem
280 West 132nd Street
Developer: Timber Equities
Designer: Fischer Makooi
8 stories
52 units (30% affordable)
8 availabilities from $3,675/month
Up to 2 months free rent on a 12-month lease
280 West 132nd Street
Developer: Timber Equities
Designer: Fischer Makooi
8 stories
52 units (30% affordable)
8 availabilities from $3,675/month
Up to 2 months free rent on a 12-month lease
The Franklin (Living New York)
At a time when some have speculated that we're in the middle of a second Harlem Renaissance, leasing is underway at The Franklin following an affordable lottery. Oversized windows fill the apartments with light, and interiors feature kitchens with marble quartz countertops and stainless steel appliances, sunny bedrooms, spa-inspired baths with custom vanities, and stackable front-loading washers and dryers.
Amenities at The Franklin include a fitness center, a lounge, and a roof terrace; further conveniences include virtual doorman service, a secure package room, bike storage, and on-site parking. It is located in close proximity to St. Nicholas Park, the Apollo Theatre, popular Harlem dining, and the 135th Street B/C trains.
The Sophia, Inwood
5055 Broadway
Developer: Timber Equities
Designer: Fischer Makooi
11 stories
60 units (20% affordable)
11 availabilities from $3,220/month
Up to 3 months free rent on a 15-month lease
5055 Broadway
Developer: Timber Equities
Designer: Fischer Makooi
11 stories
60 units (20% affordable)
11 availabilities from $3,220/month
Up to 3 months free rent on a 15-month lease
The Sophia (Bohemia Realty Group)
Leasing is underway at The Sophia shortly after the affordable lottery for this Inwood rental ended. All interiors feature oversized windows, airy kitchens with quartz countertops and breakfast bars, designer baths, central heating and air conditioning, and in-unit laundry.
Amenities include virtual doorman service, a package room, a fitness center, a lounge with coworking and entertaining space, bike storage, private storage, and a roof terrace with outdoor kitchen, dining and lounging areas, and skyline views. It is located in close proximity to Inwood Hill Park, Isham Park, popular Upper Manhattan dining, and the 215th Street 1 train.
House 55, Downtown Brooklyn
55 Willoughby Street
Developer: Lonicera Partners
Designer: Colberg Architecture
38 stories
290 units (30% affordable)
18 availabilities from $4,110/month
Up to 2 months free rent on a 14-month lease
55 Willoughby Street
Developer: Lonicera Partners
Designer: Colberg Architecture
38 stories
290 units (30% affordable)
18 availabilities from $4,110/month
Up to 2 months free rent on a 14-month lease
House 55 (Nancy Packes Inc.)
In a part of Brooklyn known for its tall buildings, House 55 stands out for its two-toned facade and cantilever over a neighboring building. An affordable lottery is accepting applications until March 9, and market-rate leasing is expected to begin later this spring.
All interiors feature floor-to-ceiling windows, high ceilings, open kitchens with Samsung and Bosch appliances, baths with Grohe fixtures, central heating and air conditioning, and in-unit laundry. Two full floors of amenities include a fitness center, a coworking lounge, a game room with arcade and table games, a dining room with catering kitchen, a Great Room lounge with fireplace, and a rooftop lounge and sun deck with outdoor kitchen, dining cabanas, and views of the Manhattan skyline. Additional conveniences include a 24-hour attended lobby, a secure package room, bike storage, and a common laundry room.
All interiors feature floor-to-ceiling windows, high ceilings, open kitchens with Samsung and Bosch appliances, baths with Grohe fixtures, central heating and air conditioning, and in-unit laundry. Two full floors of amenities include a fitness center, a coworking lounge, a game room with arcade and table games, a dining room with catering kitchen, a Great Room lounge with fireplace, and a rooftop lounge and sun deck with outdoor kitchen, dining cabanas, and views of the Manhattan skyline. Additional conveniences include a 24-hour attended lobby, a secure package room, bike storage, and a common laundry room.
Another perk of House 55 is its central location near Fort Greene Park, Columbus Park, and City Point dining and retail (including Trader Joe's and Alamo Drafthouse Cinema). Transportation options include the Jay Street-MetroTech A/C/F/R and Hoyt Street 2/3 trains.
159 Broadway, Williamsburg
Developer: Joyland Management
Designer: Stonehill Taylor
12 stories
99 units (20% affordable)
Completion estimated for 2028
Developer: Joyland Management
Designer: Stonehill Taylor
12 stories
99 units (20% affordable)
Completion estimated for 2028
Prior rendering of 159 Broadway (Stonehill Taylor)
For a long time, a mixed-use tower with a hotel and residential component was planned for 159 Broadway, a site in south Williamsburg located near the Williamsburg Bridge, popular dining like Peter Luger Steak House, and the South Williamsburg ferry landing. But in January 2026, permits for a 99-unit residential building were filed the day an LLC linked to Joyland Management closed on the $30 million sale of the site. The unit count indicates that the developer plans to take advantage of the 485-x affordable housing tax break.
200 South 3rd Street, Williamsburg
Developer: B+B Capital
Designer: Charles Mellea Architect
7 stories
30 units (30% affordable)
7 availabilities from $3,700/month
2 months free rent on a 16-month lease
Developer: B+B Capital
Designer: Charles Mellea Architect
7 stories
30 units (30% affordable)
7 availabilities from $3,700/month
2 months free rent on a 16-month lease
200 South 3rd Street (Housing Connect)
200 South 3rd Street is a new boutique rental residence near Domino Park, Whole Foods, and popular dining in Williamsburg. An affordable lottery ends on February 9, and market-rate leasing is underway. All apartments feature high ceilings, kitchens with built-in dishwashers and microwaves, and individual heating and air conditioning. Amenities include an on-site laundry room, a fitness center, a lounge, and a roof terrace.
The Ysabel, Bushwick
77 Woodbine Street
Developer: Ricardo Pagan
Designer: L&C Associates
5 stories
10 units (30% affordable)
Completion estimated for 2026
77 Woodbine Street
Developer: Ricardo Pagan
Designer: L&C Associates
5 stories
10 units (30% affordable)
Completion estimated for 2026
The Ysabel (Housing Connect)
In fall 2025, an affordable lottery took place for three units at The Ysabel, a boutique rental building in Bushwick near Broadway dining and the Gates Avenue J/Z trains. All 10 units have oversized windows, hardwood floors, high-end kitchen appliances, central heating and air conditioning, and in-unit laundry. Select units have private outdoor space, and all residents have access to interiors like concierge service, package lockers, a fitness center, and a roof terrace.
Fulton Park, Bedford-Stuyvesant
1754 Fulton Street and 53 Utica Avenue
Developers: L+M Development Partners and SMJ Development
Designer TBD
17 stories
2,000 units (50% affordable)
Completion estimated for 2034
1754 Fulton Street and 53 Utica Avenue
Developers: L+M Development Partners and SMJ Development
Designer TBD
17 stories
2,000 units (50% affordable)
Completion estimated for 2034
Fulton Park rendering (Urban Architectural Initiatives via NYC DCP)
A rezoning application is under review for 1754 Fulton Street and 53 Utica Avenue in Bedford-Stuyvesant. The sites are currently occupied by a three-story, low-income apartment complex; however, the applicants describe the site as "underutilized" and seek to build Fulton Park, a mega-development with as many as 12 buildings measuring 17 stories high and holding as many as 2,000 apartments, about half of which would be affordable. The project is also set to include new retail and community space, and current residents would be able to move into similar new apartments at the same rent they are currently paying.
Anagram Gowanus
450 Union Street
Developers: Global Holdings, MacArthur Holdings, and Tankhouse
Designer: SO-IL
20 stories
158 units (20% affordable)
Completion estimated for Q2 2027
450 Union Street
Developers: Global Holdings, MacArthur Holdings, and Tankhouse
Designer: SO-IL
20 stories
158 units (20% affordable)
Completion estimated for Q2 2027
Rendering of Anagram Gowanus (Alden Studios)
In January 2026, construction on Anagram Gowanus topped out at 20 stories high. This is the first building in the Anagram portfolio located outside of Manhattan, and the project includes a 5,700-square-foot waterfront esplanade that expands public access along the Gowanus Canal. Twenty percent of the forthcoming apartments will be set aside under the city's affordable housing program.
The design rotates the apartments in alignment with the canal, the better to allow for waterfront or skyline views. The majority of apartments will offer Juliet balconies, and 25 percent will have larger outdoor terraces. Amenities will include a fitness center, a coworking lounge, a children's playroom, and rooftop terraces.
Aerial view of Anagram Gowanus, January 2026 (Dan Chen)
Douglass Port, Gowanus
251 Dougass Street
Developers: Tavros, Charney Cos., and Canyon Partners
Designer: Fogarty Finger
15 stories
260 units (25% affordable)
Completion estimated for 2026
251 Dougass Street
Developers: Tavros, Charney Cos., and Canyon Partners
Designer: Fogarty Finger
15 stories
260 units (25% affordable)
Completion estimated for 2026
Douglass Port (Housing Connect)
Douglass Port is part of the Gowanus Wharf complex on the northern end of the Gowanus Canal Esplanade, and distinguished by an undulating facade with dark colors on the bottom and a lighter color at the top. An affordable lottery for 65 units is accepting applications until March 23, and a market-rate leasing launch is likely on the horizon.
All interiors feature oversized windows, high-end finishes, in-unit washer/dryers, and central heating and air conditioning. Residents of Douglass Port will enjoy access to The Drift Club, Gowanus Wharf's collection of wellness and social amenities that includes a fitness center with yoga studio, a golf simulator, a basketball court, a game room, a children's playroom, an entertainment lounge, a coworking lounge, a dining room, and a rooftop terrace with outdoor pool. The building also offers bike storage and on-site parking with electric vehicle chargers, and is located less than a mile from the Atlantic Avenue-Barclays Center transportation hub.
Baltic House, Gowanus
556 Baltic Street
Developer: Baltic Residence LLC
Designer: Input Creative Studio
11 stories
92 units (25% affordable)
7 availabilities from $3,022/month
556 Baltic Street
Developer: Baltic Residence LLC
Designer: Input Creative Studio
11 stories
92 units (25% affordable)
7 availabilities from $3,022/month
Baltic House (Brooklyn Group)
At the intersection of Boerum Hill and Gowanus, Baltic House stands out for its glassy facade that allows for floor-to-ceiling windows and incredible light in all interiors. An affordable lottery is winding down for 23 affordable units (ending February 9), but market-rate leasing is underway.
All interiors feature open-concept layouts, hardwood flooring, stainless steel kitchen appliances, central heating and air conditioning, and in-unit laundry. An array of amenities includes a package room, a fitness center, a pickleball court, a coworking lounge, a podcast studio, a children's playroom, a party room, a screening room, a recreation lounge, and a rooftop terrace. Pets are welcome, and the building offers a pet spa. Another perk is a central address near popular 5th Avenue dining and the Barclays Center transportation hub.
Maison Bond, Gowanus
335 Bond Street
Developer: Rybak Development
Designer: Studio B
9 stories
70 units (25% affordable)
6 availabilities from $4,604/month
Up to 2 months free rent on a 14-month lease
335 Bond Street
Developer: Rybak Development
Designer: Studio B
9 stories
70 units (25% affordable)
6 availabilities from $4,604/month
Up to 2 months free rent on a 14-month lease
Maison Bond (Housing Connect)
An affordable lottery has just begun at Maison Bond (accepting applications until March 9), and market-rate leasing is underway. This low-rise rental distinguished by its light-colored facade and massive arches. Triple-glazed windows allow for a bright, peaceful atmosphere, and interiors feature white oak floors, elegant kitchens with custom walnut cabinetry and integrated appliances, tranquil baths, high-efficiency Mitsubishi VRF central HVAC systems, and in-unit LG washers and dryers.
Amenities at Maison Bond include a double-height fitness center with an open-air yoga terrace, a lounge with coworking space, a sky lounge with panoramic views, a landscaped courtyard, and a rooftop terrace with grilling stations. It is located in close proximity to Powerhouse Arts, popular dining and nightlife in Park Slope and Carroll Gardens, Whole Foods, the Union Street R train, and the Carroll Street F/G trains.
1720 Atlantic Avenue, Crown Heights
Developer: Bawabeh Realty Holdings
Designer: IMC Architecture
13 stories
278 units (25% affordable)
Completion estimated for 2031
Developer: Bawabeh Realty Holdings
Designer: IMC Architecture
13 stories
278 units (25% affordable)
Completion estimated for 2031
Rendering of 1720 Atlantic Avenue (IMC Architecture)
In January 2026, IMC Architecture completed a five-year rezoning process for a Crown Heights development site owned by Bawabeh Realty Holdings. The former zoning category allowed only for light industrial, low-density use throughout the lot, which was occupied by a one-story strip mall. However, the rezoning allows for a larger mixed-use building, much like the one with a playful masonry facade seen in renderings. The renderings also show balconies in many units, and amenities are expected to include a gym, a lounge, outdoor terraces, and on-site parking. There will be retail and community facilities at street level and 278 residential units, 70 of which will be affordable.
2863 Atlantic Avenue, East New York
Developers: Constructive Partnerships Unlimited, Alodgio Consulting
Designer: Magnusson Architecture and Planning
14 stories
70 units (100% affordable)
Completion estimated for 2030
Developers: Constructive Partnerships Unlimited, Alodgio Consulting
Designer: Magnusson Architecture and Planning
14 stories
70 units (100% affordable)
Completion estimated for 2030
Rendering of 2863 Atlantic Avenue (New York Housing Conference)
Renderings of 2863 Atlantic Avenue show a two-toned high-rise with oversized windows and open-air terraces. The project will provide 70 apartments for youths aging out of foster care, and the building will include space for supportive services. Amenities are set to include a courtyard, a lounge with access to a planted terrace, and a rooftop lounge and adjacent wraparound garden.
147-27 Archer Avenue, Jamaica
Developer: 88th Avenue Owner LLC
Designer: IMC Architecture
20 stories
359 units (33% affordable)
Completion estimated for 2031
Developer: 88th Avenue Owner LLC
Designer: IMC Architecture
20 stories
359 units (33% affordable)
Completion estimated for 2031
Rendering of 147-27 Archer Avenue (IMC Architecture)
In August 2022, permits were filed for a 20-story residential tower in a recently rezoned section of Jamaica, Queens. More recently, IMC Architecture released renderings that depict a two-toned tower rising from a multi-story platform with a landscaped terrace. The tower features a masonry facade with deep windows and half arches that will allow for incredible natural light.
147-27 Archer Avenue is to include ground-floor commercial and community facility space and 359 rental units, 119 of which will be affordable. Amenities are set to include a mail room, a fitness center with yoga studio, a game room, a children's playroom, multiple residents' lounges, bike storage, and 219 enclosed parking spaces. A construction timeline is not yet available, and demolition permits have not yet been filed for the one-story auto repair shop currently on the site.
The Highbridge
Developer: Samaritan Daytop Village
Designer: Magnusson Architecture and Planning (MAP)
16 stories
422 units (100% affordable)
Completion estimated for 2027
Developer: Samaritan Daytop Village
Designer: Magnusson Architecture and Planning (MAP)
16 stories
422 units (100% affordable)
Completion estimated for 2027
Rendering of Highbridge (Magnusson Architecture & Planning)
In September 2025, construction topped out on Highbridge, a development set to bring 422 affordable, supportive, and transitional housing units to the Bronx. The project is targeting Passive House certification, and its location on a high bluff overlooking the Harlem River promises open water views. Samaritan Daytop Village will provide social services, and there will be 30,000 square feet of indoor and outdoor common spaces.
525 Wales Avenue, Mott Haven
Developers: Catholic Homes, NYC Department of Housing Preservation
Designer: S9 Architecture
9 stories
160 units (100% affordable)
Completion estimated for 2030
Developers: Catholic Homes, NYC Department of Housing Preservation
Designer: S9 Architecture
9 stories
160 units (100% affordable)
Completion estimated for 2030
Rendering of 525 Wales Avenue (S9 Architecture)
In the latest example of a church putting its property to residential use, an affordable senior housing development is set to rise on the former site of the St. Roch Catholic Church in the Bronx. Renderings show a contextually sensitive brick building, and a series of setbacks allows for planted terraces.
1931 Lafayette Avenue, North Tower, Soundview
Developers: Gilbane Development Company, Strada Ventures, and Center for Urban Community Services
Designer: Magnusson Architecture and Planning (MAP)
22 stories
228 units (100% affordable)
Completion estimated for 2030
Developers: Gilbane Development Company, Strada Ventures, and Center for Urban Community Services
Designer: Magnusson Architecture and Planning (MAP)
22 stories
228 units (100% affordable)
Completion estimated for 2030
Rendering of 1931 Lafayette - North Tower (New York Housing Conference)
The North Tower of 1931 Lafayette Avenue is the first building in a planned two-phase project, and is set to include affordable and supportive housing. The all-electric building is being designed to Passive House standards with triple-pane windows, heat pumps, and green roofs. There will be social services on-site, and amenities will include a children's playroom, a central laundry room, a fitness center, a community room, and two landscaped terraces.
930 Monroe Street, Hoboken
Developer: Madigan Development
Designer: MVMK
11 stories
675 units (10% affordable)
Completion estimated for 2030
Developer: Madigan Development
Designer: MVMK
11 stories
675 units (10% affordable)
Completion estimated for 2030
Rendering of 930 Monroe Street (MVMK)
Affordability is an issue on the other side of the Hudson: In December 2022, Hoboken's City Council voted 7-2 to approve a redevelopment agreement that would allow a three-building complex to rise on the site of an Amazon fulfillment center. The project is targeting LEED certification and is set to include ground-floor retail space, 575 parking spaces (with 100 set aside for the community), and as many as 675 residential units (10% of which would be affordable, comprising seven studios, six one-beds, 40 two-beds, and 14 three-beds).
Architect Frank Minervini of MVMK said at an October 2024 hearing that the project's design was inspired by Hoboken's industrial history. The nearby Union City sued over the project, protesting that it would impact their views and quality of life, but the project remains in the works.
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Contributing Writer
Cait Etherington
Cait Etherington has over twenty years of experience working as a journalist and communications consultant. Her articles and reviews have been published in newspapers and magazines across the United States and internationally. An experienced financial writer, Cait is committed to exposing the human side of stories about contemporary business, banking and workplace relations. She also enjoys writing about trends, lifestyles and real estate in New York City where she lives with her family in a cozy apartment on the twentieth floor of a Manhattan high rise.
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