Posted Apr 10, 2015, 9:09 AM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,295
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NEW YORK | 607 West 161st Street | FT | 10 FLOORS
Project: 607 West 161st Street
Quote:
WASHINGTON HEIGHTS — A new 62-unit residential building slated for construction on West 161st Street is seeking a tax break to add 13 units of affordable housing, the developer said.
A representative for Sutton Management, which is developing the lot at 607 W. 161st St., appeared before Community Board 12’s Housing Committee to discuss its application for the 421a program, a partial tax exemption for new buildings that contain at least 20 percent affordable units.
The building, designed by Jeffrey Cole Architects, plans to offer 13 affordable apartments including studios, one- and two-bedrooms, application materials showed. The affordable units will rent for between $838 and $1,085 per month, while the market-rate units will rent for between $3,000 and $5,000 per month.
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http://www.dnainfo.com/new-york/2015...nits#slideshow
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