New apartments to arrive on Manhattan Avenue

December 28, 2012 Heather Chin
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Keeping in mind the apartment-hunters who are being priced out of Williamsburg, The Domain Companies announced this week that they will be breaking ground on an $80 million 210-unit rental building at 1133 Manhattan Avenue — between Clay and Box Streets, a short trip across the Pulaski Bridge from Long Island City — which is a former railroad repair facility sitting on the Greenpoint waterfront.

This latest news comes as the real estate and development market continues to grow in Greenpoint, with new residential and commercial projects coming in and plans by the city to transform portions of the waterfront into public green space progressing steadily.

Half of the units will be sold at market-rate, 30 percent reserved for middle-income residents, and 20 percent set for affordable housing.

The new apartment building will be the first in the neighborhood to take advantage of tax credits and low cost loans available to developments that include affordable housing and strive to offset pollution in the land.

Greenpoint is home to Newtown Creek, which is a designated Superfund site by the Environmental Protection Agency, in recognition of its dubious honor as one of the most polluted sites in the country thanks to years of being used as a dumping ground for toxins, oil, and raw sewage.

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