Supreme Equities Secures Financing for 653-655 Mace Avenue in Allerton, The Bronx

Rendering of 653-655 Mace Ave - Developed by Supreme EquitiesRendering of 653-655 Mace Ave - Developed by Supreme Equities

Supreme Equities recently acquired $16 million in construction financing for a new mixed-use residential building in The Bronx’s Allerton neighborhood. Located at 653-655 Mace Avenue, the seven-story building will yield 53 rental apartments, residential amenities, and community facility space on the ground floor.

The $16 million transaction originated from ACRES Capital Corp and was arranged by Progress Capital.

Designed by J Frankl Associates, the building will comprise 57,000 square feet. The property’s residential component will offer a mix of two- and three-bedroom rentals, of which 30 percent will be marketed as affordable homes.

Amenities will include parking accommodations for 27 vehicles, a communal terrace, and possibly more to be announced from Supreme Equities. The ground-floor community space spans approximately 15,000 square feet and will reportedly debut as a medical facility.

“We are very excited to once again be investing in New York City with the Mace Avenue project,” said ACRES CEO and president Mark Fogel in an official company statement. “The sponsor has deep experience in the Bronx submarket, which will ensure the property’s business plan accommodates the needs of local residents.”

The project team has not commented on when the new property is expected to be completed, but the confirmed financing is a good sign that the development is on track.

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18 Comments on "Supreme Equities Secures Financing for 653-655 Mace Avenue in Allerton, The Bronx"

  1. I actually really like this. I can’t wait to see it come to reality!

  2. Yes hi you doing how can i get an application to one of these appartment. Thank you

  3. hi, can you please send me an application for one of these apartments? Thank you

  4. Nneamaka M Nkeaka | November 15, 2020 at 3:06 am | Reply

    Hi how can i get an application form for this apartment..

  5. Evelyn Fantauzzi | November 15, 2020 at 10:24 am | Reply

    I like the color all very nice apartments or studio appliances thank you

  6. I am very much interested in 2 bedroom apartment at the 653-655 Mace Avenue In Allerton, The Bronx. Please forward me any information about applying for residency.

  7. Francisco T.Quintana | November 16, 2020 at 9:00 pm | Reply

    Hello im looking for single room apt.im age 64/on ssD/ssi/income.

  8. Majorie Williams | November 19, 2020 at 7:59 pm | Reply

    How do I go about requiring information about this apartment.

  9. Hey I’m interested in applying where do i go to apply for low income apartments

  10. Can I get an application for a family member or mines to apply for this apartment. They have been searching for an apartment for a long time. Thank you!

  11. Interested in an application fir this development. Thank you.

  12. yes I’m very interested in going in Pelham Parkway can I have an application please

  13. Hello I am interested in a 2 bedroom apartment at the 653-655 Mace Avenue In Allerton, The Bronx. Please forward me any information about applying for residency. Thank you

  14. Marlene Rodriguez | December 1, 2020 at 1:28 pm | Reply

    Hello, I am very interested in Pelham Parkway apartment.Please forward me any information about applying for residency thank you! Marlene R.

  15. Margarita fernandez | December 13, 2020 at 10:01 pm | Reply

    I need one aplicación please

  16. I would like to rent a 3 bedroom apt
    Please email me .

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