West Harlem

Rendering of 1440 amsterdam Avenue designed by The Gluck Architectural Collaborative

Developers Land $32M Loan for Affordable Housing Tower at 1440 Amsterdam Avenue in West Harlem, Manhattan

Grid Group and Lekas Realty have closed on a $32 million construction loan to complete a high-rise affordable housing property in West Harlem. Located at 1440 Amsterdam Avenue, the property will top out at 26 stories and yield 393 rental apartments, an Associated supermarket on the ground floor, and an enclosed parking garage. The latter includes roughly 120 rent-restricted units, 25 percent of which will be prioritized for current NYCHA residents.

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Aerial view of Harlem River Houses

Merchants Capital Provides $104M for NYCHA Harlem River Houses Rehabilitation Project in West Harlem, Manhattan

Merchants Capital has provided $104 million in construction financing for a major rehabilitation project at Harlem River Houses and the adjacent Harlem River II Campus, collectively known as Harlem River Houses I and II. The New York City Housing Authority (NYCHA) public housing complex sits between 151st and 153rd Street, Macombs Place, and Harlem River Drive in Harlem.

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