City Turns NYPD Lot Into Affordable Housing | Real Estate News
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City Turns NYPD Lot Into Affordable Housing | Real Estate News
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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 redesigns and mayor’s advisor drama. This is housing history in the making.
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