The Archdiocese of New York has agreed to sell a vacant lot that it owns in the East Village section of Manhattan to be used as an affordable multifamily housing complex.
According to the Commercial Observer, the archdiocese will receive between $58 million and $68 million in a deal with the developer Spatial Equity and the nonprofit developer Community Access, which plan to turn the 1.4-acre property into a pair of multifamily buildings – one encompassing 240,000 square feet, the other 190,00 square feet – with a total of 570 affordable rental housing units.
The deal is contingent on the New York City Council approving a Uniform Land Use Review Procedure application for the development. The archdiocese also filed a petition with New York State Supreme Court for judicial approval, as required by state law in relation to property sales by nonprofit and religious organizations.
The archdiocese owned the property for more than 50 years under the name Roman Catholic Church of Saint Brigid and Saint Emeric, which has a parish near the site. The utility Consolidated Edison previously owned the property.
Photo: St. Brigit’s Roman Catholic Church, courtesy of Chris06 / Wikimedia Commons
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