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Brownsville to get 900 affordable apartments, shark tanks are the hot new luxury home item, & more

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Brownsville is set to get nearly 900 affordable apartments from three developers as part of a $1 billion revitalization plan for the area (Curbed via The Wall Street Journal)

Though rents have declined recently, NYC is still the second most expensive real estate market in the U.S. To rent an average two-bedroom apartment here, you’ll need a household income of $162,400, according to a new report (SmartAsset)

GDP may be up 4.1 percent, but the report released Friday also showed that residential investment, which includes construction and brokers’ fees, fell for a third quarter out of four, causing some to believe we are in a housing market slowdown (Business Insider)

This 350-square-foot Soho apartment has been tricked out with so much efficient design and storage space that it functions as an office, a dining room for 10, and, of course, a bedroom. There’s even space for a guest room (New York Post)

Starting this week, the NYC Department of Sanitation will reduce its organics collection schedule for neighborhoods in Brooklyn Community Board 6, which includes Park Slope, Carroll Gardens, and Cobble Hill (Bklyner)

Shark tanks are the hot new feature for wealthy homeowners. But things don’t always go swimmingly (Mansion Global via The Wall Street Journal)