As previously reported, this city-owned property, along with the one at 535 E. 12th St. between Avenue A and Avenue B, will make way for affordable housing.
The project is an income-restricted cooperative with units available to households earning no more than 80% AMI. When the new construction is complete, No. 204 will rise to seven stories, yielding 10 units (8-1BRs & 2-2BRs). There are 11 one-bedroom rental units planned for the 6-story No. 535.
No. 204 and 535, part of the NYC Department of Housing Preservation and Development's Tenant Interim Lease Program, have been vacant since 2008. "Due to deteriorating structural conditions," tenants from both buildings were relocated then.
The former tenants of each building will be able to purchase the co-op units in the newly constructed building at No. 204, which will include ground-floor retail.
Here's the last rendering that we saw for No. 204 (before neighboring 202 Avenue A was demolished for the building called the Topanga) ...