Rethinking Midtown offices as apartments, Airbnb shares jump, & more

By Jennifer White Karp | December 11, 2020 - 10:30AM

A mix of non-profit groups, tenant organizers, and developers are backing a $4 billion per year public investment plan for affordable housing (The New York Times)

Cooking gas finally came back on at Astoria Houses at 1-04 Astoria Blvd. after a nearly three-month outage (press release)

Nearly 14 percent of offices in Midtown Manhattan are vacant. Should they become apartments? (The New York Times)

An Upper East Side triplex penthouse that combines two homes sold for nearly $28 million (amNewYork)

An affordable housing lottery opened for 125 apartments in a new building at 405 Dumont Ave. in Brownsville. Rent starts at $367 a month (Brownstoner)

Airbnb’s shares jumped on their first day of trading, rising 113 percent above the initial public offering price of $68 to close at $144.71 (The New York Times)

Jennifer White Karp

Managing Editor

Jennifer steers Brick Underground’s editorial coverage of New York City residential real estate and writes articles on market trends and strategies for buyers, sellers, and renters. Jennifer’s 15-year career in New York City real estate journalism includes stints as a writer and editor at The Real Deal and its spinoff publication, Luxury Listings NYC.

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