UPPER EAST SIDE — A two-story building on York Avenue will be demolished in the next few weeks to make way for 10 units of affordable housing, according to city records.
Developer Crest Group LLC. wants to build a new 11-story building at 1402 York Ave. near East 75th Street, which will include 11 "homeownership" units, meaning tenants can pay rent towards eventual ownership of their apartments.
Ten of those will be dedicated to low-income families, according to a spokeswoman for Crest group.
A rendering on Crest Group's website shows a brick-like building with glassy windows and a roof terrace.
The apartments will be designed by Kossar & Garry Architects, according to city records.
The plan is still awaiting approval from the Department of Buildings, the spokeswoman said.
Pricing for the apartments is still to be determined, but will most likely be eligible for those making 80 percent of the area's median income — or roughly $48,000 for an individual or $62,000 for a family of three, according to a spokeswoman for the Department of Housing Preservation and Development.
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