Inexpensive Housing Improvement Revealed for 50-25 Barnett Avenue in Sunnyside, Queens

Rendering of 50-25 Barnett Avenue - Phipps HousesRendering of 50-25 Barnett Avenue – Phipps Homes

Detailed proposals contained inside an environmental evaluation assertion reveal plans to assemble a mixed-use reasonably priced housing constructing in Sunnyside, Queens. Positioned at 50-25 Barnett Avenue, the eight-story constructing might yield 167 to 189 residential models, 170 parking areas, and 5,323 sq. ft of workplace space that will likely be reserved for non-profit use.

The entire improvement might span as much as 194,710 sq. ft. In its present situation, the location helps a 223-unit public car parking zone.

The residential part will likely be marketed solely to low- and moderate-income households. It’s anticipated that fifty % of the models will likely be restricted to households incomes as much as 60 % of the realm median earnings (AMI) and the remaining models could be for moderate-income households incomes as much as 110 % AMI.

An environmental evaluation assertion is required, as a result of the event can’t proceed with out zoning map amendments. The amendments would successfully rezone the venture website and the encompassing space for elevated residential quantity and necessary inclusionary housing.

Site Map of 50-25 Barnett Avenue - Phipps Houses

Website Map of 50-25 Barnett Avenue – Phipps Homes

The proposals arrive from Phipps Houses, which is the biggest and longest-running non-profit developer, proprietor, and property administration firm with a concentrate on reasonably priced housing initiatives. If authorised, partial funding for the venture could be sourced from the Department of Housing Preservation and Development’s “Our Area Initiative” subsidy and the Housing Development Corporation.

Phipps Homes anticipates full completion by 2023, following roughly 24 months of building.

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