Posted on

Brooklyn Heights townhouse next to “secret” MTA air shaft hits market for $6M

A Joralemon Street townhouse in historic Brooklyn Heights has hit the market for $6 million, according to the New York Post, but the building next to it could be its biggest selling point. That’s because the house next door isn’t a house at all. Instead, it is possibly the MTA’s most valuable air shaft in the subway system, hidden behind what looks like a multi-million dollar Greek-revival home. The fact of the airshaft’s existence is

The post Brooklyn Heights townhouse next to “secret” MTA air shaft hits market for $6M appeared first on The Real Deal New York.

Posted on

Hochul promises Second Avenue Subway work to advance in 2022

Gov. Kathy Hochul is looking to get the Second Ave. Subway project back on track. Hochul said on Nov. 23 that work on the project’s next phrase is “ready to go,” according to the New York Post. She spoke with reporters after touring a tunnel linked to the uber-expensive project. “We still need to get the approvals,” Hochul said in reference to the MTA’s application for federal funding. “Our application’s in. We’re ready. If we

The post Hochul promises Second Avenue Subway work to advance in 2022 appeared first on The Real Deal New York.

Posted on

MTA chair: 10 new towers may not fund Penn Station expansion

UPDATED Oct. 27, 2021, 11:55 a.m.: For nearly two years, the fate of Penn Station has been linked to the construction of 10 nearby commercial towers. That coupling may be coming undone. During his 2020 State of the State address, then-Gov. Andrew Cuomo announced that revenue generated from acquiring and redeveloping properties surrounding the station would help pay for eight new tracks a block south of the transit hub. The General Project Plan mentions payments

The post MTA chair: 10 new towers may not fund Penn Station expansion appeared first on The Real Deal New York.

Posted on

MTA plans mixed-use redevelopment for Greenpoint waterfront

Transportation is in the MTA’s name, but real estate is the latest move in the agency’s game. The agency on Wednesday unveiled a proposal to redevelop its 40 Quay Street property in Greenpoint, Brooklyn with the Gotham Organization. The developer will be charged with turning the site currently housing the transit department’s wash facility into an 840,000-square-foot mixed-use property. The development — dubbed Monitor Point — will feature 900 mixed-income apartments, including about 25 percent

The post MTA plans mixed-use redevelopment for Greenpoint waterfront appeared first on The Real Deal New York.

Posted on

“How do we survive?”: Subway station retailers struggle

Retailers whose shops are located within the New York City subway have returned to one question since the pandemic hit: “How do we survive?” Since March, 77 of the 321 retail businesses that operate underground have permanently closed, the New York Times reported. “We don’t have tourists, people are all working from home. We have nothing,” Jairo Cardenas, whose shoe shine business is within the sprawling Times Square station, told the Times. Restaurants and retails

The post “How do we survive?”: Subway station retailers struggle appeared first on The Real Deal New York.

Posted on

NYC’s push for citywide contactless transit payment is delayed by COVID-19

Last May, New York City’s Metro Transit Authority opened out the first contactless payment systems at select subway station turnstiles. The systemwide rollout was set to be completed at all subway stops and buses this October. Like so many things in this life, however, COVID-19 put a damper on those plans. OMNY — One Metro […]

Posted on

Beautiful Photos Of New York City From High Above

As Gothamist highlighted Wednesday, the MTA has chosen to feature the “vertigo-inducing” photographs of Navid Baraty on the walls of the Bowling Green subway station. The exhibit, entitled “Intersection,” uses images Baraty captured from the ledges of New York City’s tall buildings and skyscrapers.