Latest / Real Estate News Today | 2 Min News | The Daily News Now!
City Turns NYPD Lot Into Affordable Housing | Real Estate News
The city’s turning a former NYPD parking lot in the East Village into 131 affordable apartments, a senior center, and community space — one of the first times a community land trust gets a city-owned site, designed to keep housing affordable for decades. Priced at over $90 million, the project also returns 25 parking spots to the NYPD. It’s part of Mayor Mamdani’s push to repurpose underused land, fueled by years of community advocacy. Plus, a new fast-track review process could reshape how future development deals are negotiated — all while other city stories unfold, like sidewalk shed…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.