Services for the UnderServed (S:US) and Bronx Pro have closed on a sizeable construction loan to complete the first phase of a dual-tower affordable housing project in the Morris Heights section of The Bronx. Phase one of the development, a 14-story residential tower, is located at 1600 Grand Avenue and will comprise 325 units.
Permits have been filed for an eight-story residential building at 1896 University Avenue in Morris Heights, The Bronx. Located between Morton Place and West 179th Street, the lot is near the Burnside Avenue subway station, serviced by the 4 train. Chaim Schwartz of Prime Property Management is listed as the owner behind the applications.
Permits have been filed for a vertical and horizontal enlargement of a two-story structure into a four-story residential building at 51 West 174th Street in Morris Heights, The Bronx. Located between Macombs Road and Grand Avenue, the lot is within walking distance of the 176th Street subway station, serviced by the 4 train. Yitzi Salamon is listed as the owner behind the applications.
Permits have been filed for a seven-story mixed-use building at 1985 Jerome Avenue in Morris Heights, The Bronx. Located between West Burnside Avenue and West Tremont Avenue, the lot is steps from the Burnside Avenue subway station, serviced by the 4 train. Moris Yeroshalmi under the Yed LLC is listed as the owner behind the applications.
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.
