The Bronx

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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Permits Filed for 130 East 177th Street in Mount Hope, The Bronx

Permits have been filed for a 12-story mixed-use residential building at 130 East 177th Street in Mount Hope, The Bronx. Located between Morris Avenue and Grand Concourse, the interior lot is two blocks south from the Tremont Avenue subway station, serviced by the B and D trains. FHMC Inc, a third party real estate and financial arm of The Postgraduate Center for Mental Health, is listed as the owner behind the applications.

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Housing Lottery Launches for 1769 Jerome Avenue in Morris Heights, The Bronx

The affordable housing lottery has launched for 1769 Jerome Avenue, a 16-story mixed-use building in Morris Heights, The Bronx. Designed by Marvel Architects and developed through the Jerome Housing Development Fund, the structure yields 175 residences. Available on NYC Housing Connect are 60 units for residents at 60 to 80 percent of the area median income (AMI), ranging in eligible income from $34,972 to $118,400.

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