East New York

Rendering of the new Boulevard Houses - Phiro A/S

Developers Close on $600M Financial Package to Complete Renovations for 1,673 NYCHA Apartments in East New York, Brooklyn

A consortium of private developers recently closed on a $600 million loan to complete renovations and infrastructure upgrades across a 1,673-unit NYCHA public housing portfolio. Boulevard Together Developer LLC, a joint venture with The Hudson Companies, Property Resources Corporation, and Duvernay + Brooks, is undertaking the refurbishment of a total of 29 buildings in East New York.

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Grace Towers Apartments at 2060 Pitkin Avenue in Brooklyn - Courtesy of SVN Affordable

Camber Property Group Acquires Affordable Housing Portfolio from Omni New York in $105M Deal

Camber Property Group has completed a $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York. The three properties include Grace Towers, a 168-unit building in East New York, Brooklyn; Target V Apartments in the Morris Heights section of The Bronx; and Madson Apartments in East Harlem.

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Preliminary rendering of 3285 Fulton Street

Preliminary Renderings Reveal Affordable Housing Building at 3285 Fulton Street in Cypress Hills, Brooklyn

The Department of City Planning is currently reviewing plans to construct a new seven-story mixed-use building at 3285 Fulton Street in Cypress Hills, Brooklyn. Presented in partnership by Cypress Hills Local Development Corporation and MHANY Management, the development would include a new daycare facility and 33 affordable homes for seniors.

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Permits Filed for 556 New Lots Avenue in East New York, Brooklyn

Permits have been filed for a six-story mixed-use building that will hold a charter school as well as commercial and community facility space at 556 New Lots Avenue in East New York‘s New Lots neighborhood. Located at the intersection of Van Siclen Avenue and New Lots Avenue, the corner lot is two blocks from the Van Siclen Avenue subway station, serviced by the 2 and 3 trains. Soly Bawabeh of Bermuda Realty is listed as the owner behind the applications.

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