A plan for 8,200 apartments in Gowanus, growing old saving up for a down payment, & more

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The environmental review process for a zoning plan that would create about 8,200 new apartments in Gowanus has started (bklyner)

The typical first-time buyer in NYC is 37 years old, compared to 34 nationwide (StreetEasy)

Competition among mortgage companies means you could get a cash payment if your loan fails to close in 21 days (The Real Deal via The Wall Street Journal)

The city wants to create a new mega development over Sunnyside Yard in Queens, and nearby residents are pushing back (Curbed)

Bronstein Properties, which owns 150 buildings, is being sued for inflating the cost of renovation projects in order to raise rents in regulated apartments (Crain’s)

Here’s what a $3 million doomsday condo looks like (Business Insider)