Sentences with phrase «units at market rates»

Many believe the goal is to squeeze them out so the building's property management firm can re-list the units at market rates, well above what the current tenants are paying.

Not exact matches

Out of the 1,500 units, Facebook has agreed with the city to offer 225 at below - market rates, but the company's employees will live in most of the housing.

There's no one universal model for these policies, but they generally involve one of two things: a requirement that developers either make a certain percentage of their housing units available at below - market rates, or that has them pay a fee into a fund for affordable housing.

The report compares several projects by the de Blasio administration to the Aspen, an early Bloomberg - era development and venture between Ms. Glen and L&M that included half market - rate apartments, and half that were affordable units at either 50 or 130 percent of the city's so - called area median income (currently about $ 86,000 for a family of three).

The market - rate units are scattered throughout the 52 - story building at 345 East 37th Street that his father, Bernard Spitzer, built in 1987.

The private equity fund Savanna bought the Willoughby site for $ 28 million in 2014 and submitted plans to build a 44 - story, 270 - unit mixed - use tower, where 81 rental units would be available at below - market rates.

The program also played into what de Blasio considers his biggest success yet in forcing developers to include affordable housing; the 1,723 - unit Astoria Cove project along the Queens waterfront, where 27 percent of the units are to be available at below market - rate rents.

The measure is meant to provide a certain amount of units in a development are set aside at below market rates as a means of preserving affordable housing in New York City.

The bill would provide a base rate of $ 15 an hour plus benefits to construction workers of 421 - a projects and $ 55 an hour — $ 114,400 a year — for buildings south of 96th Street in Manhattan with at least 300 units less than half of which would be below market rate.

The mayor said his administration was still looking at where exactly to locate the new buildings, and said it would also seek to build some mixed - income development, with half the units renting at market rate.

But such units can be offered at market rate when they are vacated or when the rent has risen to $ 2,500 or more and the state approves such a move.

«If we can't guarantee that any Inwood residents are going to have access to those units, then it doesn't matter,» Jennifer Fox, who lives in the area, said at Monday night's meeting at the YM & YWHA of Washington Heights and Inwood, «Aren't we more concerned with the market rate housing, and what that is going to do to our community?»

She added, «it is my opinion that potential buyers may hesitate to pay market rate prices if they know that 50 % of the units were not purchased at market rate prices.

Remaining units in new construction would rent at the real estate developer's discretion, also known as market - rate housing.

Seven middle - income and seven market - rate units are still available for purchase at the project, with prices ranging from $ 349,000 to $ 570,000.

Ms. Olatoye's proposed program would use open space at the developments to construct 13,500 below - market - rate apartments — contributing to the mayor's ambitious affordable housing agenda — and 3,500 units for more upscale tenants.

The developer, Community Preservation Corporation Resources, said it needs at least 70 percent of the units to draw market - rate rents in order for the project to be financially viable.

Some apartments in the 55 - unit building have rents of $ 900 per month, but most will go at market rates, up to $ 2,910 for a furnished, 355 - square - foot unit.

The value of their units will be calculates at the current market rates, if documents are submitted before 3:00 PM, else the next day's market rates will be used to calculate unit price.

You may as well invest in a Unit linked Insurance plan (ULIP), if you are willing to invest for a long period as in a long duration, market trends have always given positive returns at a very good rate.

SBI Life Smart Power is a non-participating Unit Linked plan with customized cover options at lower rates providing the dual benefit of insurance and market investment.

Apt at drafting lease contract and obtaining signage of both parties, tending to building maintenance tasks and ensuring optimum unit occupancy rate through effective online marketing and existing client retention strategies.

If they have to move, they move to a unit at today's market rate.

The firm is in the midst of a major renovation at that 209 - unit property, which includes both market - rate and HUD affordable housing residences.

Two - bedroom market - rate units start at $ 2,415 per month.

SAN FRANCISCO — Jeffrey Weidell, Nate Prouty and Andrew Slaton of NorthMarq's San Francisco regional office arranged first mortgage refinancing in the amount of $ 188 million for Mansion Grove, a 1,000 - unit / 855,556 sq. ft., market - rate multifamily community located at 502 Mansion Park Drive in Santa Clara, California.

Prices for the market - rate units start at $ 2.46 million for a 1,293 - square - foot, two - bedroom condo, according to attorney general filings.

Price your unit at the rate the market will allow, take applications from every interested person, apply your screening criteria to everyone equally.

Supply has ramped up in several markets, and industry experts anticipate that the new units will affect occupancy and rental rate growth, limiting owners» ability to raise rents and increase net operating income (NOI) at the same impressive levels.

This dynamic, coupled with the low statewide rental vacancy rate of 1.5 percent, creates an extreme demand for affordable units at the low end of the market that isn't met by current rental housing stock.

The analyst can use the most recent rental contracts that were signed within the year of analysis and assess whether the market is becoming softer or stronger in order to better estimate the rental rates at which vacant units will be rented.

The market - rate multifamily community, comprised of 335 units, is located at 11909 W. 109th Street.

Located at 10 City Point Place in the highly anticipated City Point development, the 48 - story market - rate rental property offers 440 well - appointed units with pricing starting at $ 2,450 / month for a studio, $ 3,000 / month for a junior one - bedroom, $ 3,300 / month for a one - bedroom, and $ 4,500 / month for a two - bedroom.

«In Canada we're seeing slowing markets and dropping unit volumes — prices are still appreciating, but at a very slow rate.

Women always have dominated the single buyers» market and they may be suffering most from a combinations and economic and political forces that have trapped singles into rental units at a time when rents are rising rapidly as vacancy rates reach history lows or 4.5 percent or lower.

If the new disclosures only affect ten percent of borrowers, and only lower their interest rates by.125 % (1/8 of a percentage point, the smallest typical unit of price difference in the mortgage market), this would lead to an annual saving of $ 1,250,000,000 for mortgage borrowers once all mortgages have been originated with the integrated disclosures and assuming total outstanding mortgage balances were to remain at their current level of roughly ten trillion dollars.