The affordable housing lottery has launched for River Crest, a 17-story mixed-use building at 1164 River Avenue in Cromwell-Jerome, The Bronx. Designed by Aufgang Architects and developed by Maddd Equities, the structure yields 500 residences, 83,650 square feet of commercial space, and 84 parking spaces. Available on NYC Housing Connect are 225 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $15,429 to $132,400.
1164 River Avenue
Maddd Equities is responsible for one of the largest forthcoming developments in the South Bronx, a new 274,000-square-foot building in the borough’s Cromwell-Jerome neighborhood. Located at 1164 River Avenue, the development is currently in pre-construction and will eventually comprise 250 rental units and 88,000 square feet of lower-level commercial space.
Permits have been filed for a 17-story building at 1164 River Avenue in The Bronx’s Concourse neighborhood. The site is half a block away from the 167th Street subway station, serviced by the 4 train and just one stop away from Yankee Stadium, and three blocks away from the 167th Street subway station, serviced by the B and D trains. Maddd Equities is listed as responsible for the development.