The Real Deal recently threw some cold water on the push to create more units of affordable housing in New York City after the start of 485x tax abatement that mandates a higher ($40/hour) wage floor that kicks in with new development above 99 units."Normally, the density for such a site would be 140 apartments or so," one developer of a corner lot near Union Square told the outlet. "It doesnt pencil out, given that if you add an extra 20 to 30 units your cost of construction goes up dramatically."This could affect a number of firms working in the multifamily market in the city and its 'City of Yes' plan to construct a minimum of 80,000 new homes within a 15-year timeframe.