Cost: $23,700,000
Completed: July 2008
Special Funding/Financing: HPD Inclusionary Housing Program, NYC HDC Tax Exempt Bonds
Type: Gut Rehabilitation

Acquisition and gut rehabilitation of 28 unit multi-family building. The project includes 4 studios, 23 one-bedrooms, and a superintendant’s unit. The project was developed through a 30-year regulatory agreement with NYC HDC that will set aside units for households earning no more than 60% of the area median income.