As the city grapples with its worst housing crisis in more than half a century, the Adams administration announced plans to build another 850 to 900 apartments on public land with at least 60% of the units to be affordable in the fast-growing Hunters Point South community on the Long Island City waterfront.
The 43-story, 310-unit building at 200 W. 67th St. fetched $265 million in a hush-hush transaction last week, sources said. The seller, A&R Kalimian Realty, defaulted on a $225 million senior mortgage last summer. The purchase price was slightly higher than the mortgage amount plus a $25 million subordinate loan.
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