$236 million - Queens, NY.
Construction of a 15-story, 173 residence, affordable senior housing building in Queens. The proposed 163-foot-tall development will yield 119,719 square feet, with 80,834 square feet designated for residential space and 35,885 square feet for community facility space. Residents will have access to a major transit hub and the City’s international airports and rail lines, and access to a federally qualified health center in a newly built space on the building’s ground floor to offer support services to residents. 30 percent of the units will be occupied by formerly homeless seniors, with the rest of the units available for low-income seniors under the Affordable Independent Residence for Seniors (AIRS) program. Financing partners include the New York State Housing Finance Agency, Capital One, State of New York Mortgage Agency and HPD.
$184 million - Bronx, NY.
Acquisition and demolition of existing buildings to construct an eight-story mixed-use building in The Bronx. The structure will yield 146,186 square feet, with 91,058 square feet dedicated to residential use and 20,641 square feet for commercial space. There will be 123 apartment units and 65 off-street parking spaces. Financing through the New York City Housing Development Corporation.
$177.5 million - Suffolk County, NY.
Acquisition and development of a 14.5 acres site that will include 146 limited equity cooperative units, with 17 two-story buildings. Of the units, 18 will have one bedroom, 89 will have two bedrooms, and 38 will have three bedrooms. Qualified residents with a household income of $47,000 to $95,000 will be chosen through a lottery system. Financing made possible through the New York State Housing Finance Agency.
$224 million - Brooklyn, NY.
New construction comprised of 240 units of low-income rental housing in 30 eight-unit buildings. The project is financed under the New York City Department of Housing Preservation and Development (HPD) and New York City Housing Development Corporation (HDC) Extremely Low & Low Income Affordability (ELLA) Program. Units are affordable to households ranging from 30% of Area Median Income (AMI) to 80% AMI
$42.5 million - Brooklyn, NY.
New construction mixed-use commercial building containing 80,000 square feet of office space, 12,290 feet of retail, a 3,470-square-foot industrial workshop, and 5,780 square feet of unspecified “building service area.”
Wells Fargo provided financing for the project.
$89.4 million - Ulster County, NY.
Restoration of 120 units that currently house families, seniors, veterans, and individuals with disabilities. Renovations include new bathrooms, kitchens, flooring, appliances, upgraded common areas, as well as new roofing and windows.
Funding for renovations made possible through New York State Homes and Community Renewal which provided 4% Low Income Housing Tax Credits, tax-exempt bonds, and a subordinate loan, a reinvestment from KHA, a PILOT from the City, HUD’s support approving the Section 22 conversion of the public housing, and investments from the project’s financing partners, Hudson Capital and JP Morgan Chase, NA.
$49.4 million - Bronx, NY.
Renovation of two apartment buildings totaling 85 units in the Bronx, NY.
$18.8 million - Brooklyn, NY.
Rehab of two buildings consisting of 223 residential units. Financing through the New York City Housing Development Corporation.
$110 million - Rensselaer County, NY.
Transformation of an existing six story structure occupying a full city block containing 246,000 square feet of space. Current plans call for the creation of 151 residential rental apartments that will be affordable to households and families with a wide affordability range including units for households earning up to 40% to 60% of Area Median Income. Development amenities will also include a community room, laundry facility and ample street parking both for the residential and commercial uses. The building’s ground floor will feature 31,500 square feet of space for commercial offices and local business, helping to revitalize and grow the local business community. Financing provided by the New York State Housing Finance Agency.
$113.6 million - Bronx, NY.
Acquisition and development of 100 affordable homes for seniors in the Highbridge section of the Bronx, with 30 percent of the units to be set aside for the formerly homeless. The 60,000 square-foot mixed-use building will feature a 2,700 square-foot federally-qualified health center on the ground floor that will be open to the public, with the building being a mix of deeply affordable studio and one-bedroom units.
Financing team includes Capital One, HPD, and the New York State Homeless Housing and Assistance Corp. through the Senior Affordable Rental Apartments (SARA) Program, and the Extremely Low & Low-Income Affordability (ELLA) Program.
$30.4 million - Manhattan, NY.
Three existing buildings currently made up of thirty-five residential units, consisting of nine one-bedroom units, eight two-bedroom units, and eighteen three-bedroom units, and two commercial spaces. After rehab, the unit count will increase to thirty-six residential units.
The buildings will be substantially rehabilitated through HPD’s Affordable Neighborhood Cooperative Program (ANCP) and all units will be affordable for working families making 90 to 100 percent of New York City’s Area Median Income (AMI). Financing made possible through The Community Preservation Corporation and HPD.
$76 million - Westchester County, NY.
Construction of an age-restricted affordable housing property, plans call for a four-story building comprising of 60 apartments which will be reserved for residents 62 years and older with incomes at or below 60 percent AMI. Financing includes permanent tax-exempt bonds, Federal Low-Income Housing Tax Credits, and subsidies from New York State Homes and Community Renewal.
$55 million - Brooklyn, NY.
Acquisition and development of an 11-story mixed-use building will yield 49,308 square feet, with 38,053 square feet designated for residential space and 2,154 square feet for commercial space. The building will have 44 residences. Financing through Webster Bank.
$103.6 million - Bronx, NY.
Acquisition and rehabilitation of a multi parcel project consisting of 85 units. Financing partners include the Low Income Investment Fund, and the New York City Department of Housing Preservation and Development.
$109 million - Westchester, NY.
Rehabilitation and preservation of more than 278 units of public and affordable housing under the Rental Assistance Demonstration (RAD) program through the U.S. Department of Housing and Urban Development. Financing sources include the NY State HFA, Wells Fargo Bank, and MHACY. This complex transaction required multiple funding sources and posed a number of interesting title related issues that All New York assisted the parties to work through.
$33 million - Manhattan, NY.
Refinance of a 385-unit Mitchell-Lama cooperative building for capital improvements. Funding provided by Freddie Mac, the New York State Housing Finance Agency, and New York State Energy Research and Development Authority (NYSERDA).
$332 million - Manhattan, NY.
Leasehold acquisition of a 290-unit cooperative building.
$34.5 million - Franklin County, NY.
Acquisition and development of two buildings consisting of 70 units of affordable apartments and commercial space. Just over half of the apartments are designated for artists who meet certain eligibility requirements. Additional units would be targeted to those making less than 60% of the County’s Area Median Income, with some going to those earning up to 130% of AMI. Financing includes a mix of local and state grants, and a $6.5 million grant from the state’s Division of Homes and Community Renewal for affordable housing.
$57.8 million - Bronx, NY.
Acquisition and rehabilitation of three buildings consisting of 102 residential units. Financing through Webster Bank.
$139 million - Brooklyn, NY.
Construction of a new ten-story mixed-use building containing a total of 376, 100% affordable rental units, community and facility space, and commercial space, with 2,500 square feet dedicated to the New York City Health and Hospital Corporation to establish a small primary care facility on location. The project was financed through the New York City Department of Housing Preservation and Development (HPD) and New York City Housing Development Corporation (HDC)’s Extremely Low- and Low-Income Affordability Program and Voluntary Inclusionary Housing program.
$56 million - Westchester, NY.
Acquisition of a 181 unit mid-rise property serving low- and moderate-income residents. The site is partnered with various stakeholder agencies, including the Yonkers Industrial Development Agency (YIDA), HUD, and numerous Section 8 voucher administrators. The acquisition was financed with owner equity, and existing debt originated through Prudential and Freddie Mac.
$150 million - Brooklyn, NY.
The project is to provide supportive housing to Seniors 55 or older when the head of household requires support due to an SMI and/or a substance use disorder. Of the intended 156 units, 48 are for Seniors 55 or older with special needs. The proposed 87-foot-tall development will yield 117,331 square feet, with 93,718 square feet designated for residential space and 5,426 square feet for community facility space. Financing arranged through JPMorgan Chase and the New York City Housing Development Corporation.
$258 million - Bronx, NY.
Acquisition and rehabilitation of a 15 parcel portfolio consisting of 200+ units. Financing partners include The Community Preservation Corporation, and the New York City Department of Housing Preservation and Development.
$19 million - Westchester County, NY.
Acquisition and financing of a multifamily property consisting of 10 luxury townhomes.
$37 million - Manhattan, NY.
An eleven story building offering 199 units for both low-income families and seniors and community facilities that include a healthcare center, office space for a local nonprofit, and an upcoming 110-bed shelter for seniors.” A second phase of construction will add an additional 81 senior living spaces.
$48.6 million - Brooklyn, NY.
Acquisition and rehabilitation of a 15 parcel project consisting of 100+ units. Financing partners include The Community Preservation Corporation, and the New York City Department of Housing Preservation and Development.
$43 million - Westchester County, NY.
Acquisition of a Residential Apartment complex focused on low-income renters with disabilities. Financing team consisted of Citibank and the Westchester Industrial Development Agency.
$35.8 million - Brooklyn, NY.
Plans for an 11-story mixed-use building with affordable housing totaling 245,000 sq ft that will include 268 residences.
$34 million - Bronx, NY.
Development of 4 distressed properties in the Bronx through HPD’s Affordable Neighborhood Cooperative Program. The project calls for a gut rehabilitation of all 4 cooperative properties and was financed through a traditional bank loan, HPD capital & an AHC grant.
$48 million - Putnam County, NY.
The project will include 120 homes across five newly constructed buildings, including 120 housing units in multifamily units and stand-alone cottages. The apartments will be affordable to a range of incomes. Financing includes tax credits the New York State Homes and Community Renewal (HCR) Housing Trust Fund, an HCR 9% Low Income Housing Tax Credit; State Low Income Housing Credits.
$52 million - Bronx, NY.
Located in the Parkchester neighborhood, the building provides for low-income affordable housing and consists of 82 rental units.
$29.5 million - Manhattan, NY.
Refinance of a 3 building portfolio with affordable housing components. LISC and the New York City Department of Housing Preservation and Development provided financing.
$42.6 million - Dutchess County, NY.
New construction apartment complex for low-income renters comprising five buildings of 80 residential units. Financing made available through TD Bank, County of Dutchess, and The Community Preservation Corporation.
$9.6 million - Bronx, NY.
Refinance of an affordable housing low-income apartment building. Financing coordinated with The Community Preservation Corporation.
$48.6 million - Rockland County, NY.
Acquisition of an existing multi-parcel portfolio that includes a 144-unit senior property and a 76-unit family property. Approximately 80+ units are tenant-based Section 8 vouchers administered by local administrators. New tax credit financing adds income restrictions at the site for an additional 30-year period. The project developer worked with HUD, the Town of Clarkstown, Village of Spring Valley, Rockland Housing Authority, Rockland County Industrial Development Agency and NYS Housing & Finance Agency to secure financing which will allow the preservation of units in both buildings.
$18.5 million - Queens, NY.
Refinance of an existing apartment complex in Rego Park, Queens, NY.
$37 million - Bronx, NY.
The project is a development of NYCHA and HPD land to create a 100 percent affordable home ownership housing development at NYCHA’s Soundview campus. This will create 70 affordable to middle-income units along with a 25-space parking lot. The development also includes the construction of 10 four-story townhouses with a total of 72 affordable co-op home ownership units.
$4 million - Brooklyn, NY.
Refinance of a 54-unit cooperative building with financing through The City of New York, HPD.
$30 million - Rensselaer County, NY.
The acquisition and rehabilitation of a multi-parcel affordable housing portfolio with financing through NBT Bank.
$47.5 million - Bronx, NY.
Acquisition and redevelopment of an underutilized site - currently a vacant three-story building - will bring approximately 34 affordable housing units of studio, one and two-bedroom apartments to a neighborhood in great need of modern, affordable housing. Financing through JPMorgan Chase Bank.
$126 million - Queens, NY.
Following the demolition of preexisting dilapidated and blighted buildings, a mixed-income 25 story tower that consists of 380 affordable mixed income units, with a mix of studios, 1-bedrooms, and 2-bedrooms, as well as amenity spaces which include a lounge, business center, children’s playroom, fitness center, and outdoor recreation space. We worked closely with city and state agencies such as HPD, HDC, DEC, & OER.
$27.5 million - Oneida County, NY.
Acquisition of land and construction of an innovative, mixed-use, mixed-income, artist housing, and downtown revitalization project which will yield a 64-unit loft style housing project dedicated to those with artistic talents. Financing team includes The Community Preservation Corporation and a grant from the state of New York.
$335 million - Bronx, NY.
Plans for a 12-story, 235,000SF new-construction building in the Mott Haven neighborhood of the South Bronx. The project includes 206 rental apartment units and ground-floor retail space.
$28 million - Bronx, NY.
Bronx, NY. 80-unit located on vacant land in the Norwood neighborhood of the Bronx. The project will be a mix of studio, 1, 2 and 3 bedroom apartments along with on-site program space. Financed with NYS HCR Low Income Housing Tax Credits, NYS HCR State Low Income Housing Tax Credits, and NYS HCR Middle Income Housing Program Loan.
$34 million - Buffalo, NY.
Transformation of a historic structure to include 74 rental apartments and 600 square feet of residential community support space. In addition, 8,100 square feet of new construction providing a new full-service health center for the community. The project is being financed by the New York State Homes and Community Renewal, Regions Affordable Housing, and JP Morgan Chase Bank.
$4.5 million - Manhattan, NY.
Rehabilitation of a 56 unit building located in the Hudson Heights neighborhood in Manhattan. Financing provided by Sterling National Bank.
$90.5 million - Bronx, NY.
Acquisition and rehabilitation of a multi parcel project consisting of 85 units. Financing partners include The Community Preservation Corporation, and the New York City Department of Housing Preservation and Development.
$31.5 million - Otsego County, NY.
When complete, this mixed-use, mixed-income, and artist housing project currently under development will feature 64 apartments, 50 of which will have a preference for those involved in artistic or literary activities.
$11.3 million - Bronx, NY.
Rehabilitation of a 100 year old building located in the Concourse neighborhood consisting of 60 units. The Community Preservation Corporation provided financing.
$170 million - Brooklyn, NY.
Brooklyn, NY. Conversion of a luxury hotel to more than 500 units of affordable housing in one of the city's most expensive neighborhoods, including a 30,000-square-foot commercial and community space and a new plaza. More than half of the apartments, 305 units, will be slated for formerly homeless New Yorkers and 202 will be available to low-income to moderate-income households. $2 million from City Council, $155 million the city's Department of Housing Preservation and Development and a $10 million grant from Enterprise Community Partners.
$27 million - Rockland, NY.
Preservation and rehabilitation of 236 units of affordable senior housing. Financing was arranged by the Community Preservation Corporation through the Federal National Mortgage Association (Fannie Mae). Additional financing to be provided by the New York State Housing Finance Agency.
$89 million - Bronx, NY.
Passive Housing supportive residence in The Bronx designed for seniors who are exiting homelessness or living on very low incomes which will also include a community facility space.
$36.5 million - Brooklyn, NY.
Acquisition and preservation of more than 1,000 affordable housing units throughout a 13-building affordable housing portfolio spanning 10 properties in Manhattan, the Bronx and Brooklyn. All of the apartments will remain affordable for low-income tenants at or below 60 percent of area median income. Many of the portfolio buildings also include supportive housing components, combining affordable housing with onsite support services.
$30.7 million - Essex County, NY.
New construction of 60 affordable apartments for athletes and local workers. Financing partners include The Community Preservation Corporation, and the State of New York.
$34 million - Brooklyn, NY.
New construction of 76 affordable residential units and a new church facility in Flatbush, Brooklyn.
$96 million - Queens, NY.
Queens, NY. Renovation and rehabilitation of an estimated 206 residential units; 131 of which will be affordable housing units and 75 units being used for supportive housing. The redevelopment will provide 200+ units of supportive housing for special needs and homeless tenants, as well as affordable housing for low- to moderate-income households in the heart of Jamaica, Queens. The forward commitment of $21 million in permanent financing was secured on behalf of affordable housing developer, the project is the largest 9% Low-Income Housing Tax Credit allocation ever made in New York City.
$19 million - Warren County, NY.
A new construction affordable rental development providing services for residents living with intellectual and developmental disabilities. The project will also include space for a non-profit, which will be used for school mentoring programs. Financing made by New York State Homes and Community Renewal, Regions Affordable Housing, the Community Preservation Corporation and the New York State Office of People with Developmental Disabilities.
$65 million - Manhattan, NY.
New York, NY. A 136-unit, 100% affordable building for seniors. The $65-million project is being financed by Wells Fargo and city housing agencies. The project is subdividing underutilized land and implementing recent zoning that provide density bonuses for the creation of senior affordable housing.
$21 million - Bronx, NY.
Acquisition of two condominium buildings in Bronx, NY. Financing provided by Signature Bank.
$37 million - Westchester, NY.
Acquisition of an adjacent parcel and refinancing of bond debt for a Charter School. Financing made possible by the Yonkers Economic Development Corporation.
$27 million - Bronx, NY.
The first ground up commercial building in the South Bronx in more than 75 years. The project will have more than 66,000 square feet of rentable space, including more than 7,000 square feet of retail.
$72 million - Brooklyn, NY.
New construction of permanent housing which will bring 125 new apartments for homeless and low-income families to Brooklyn's under served Brownsville neighborhood.
$50 million - Westchester, NY.
New construction of an eight-story affordable housing building. The development will contain 81 mixed-income rental apartments comprised of a mix of modern studios, one-bedrooms, and two-bedroom apartments, and also include a day care center for low-income families. The diversified financing package includes a mix of private entities and government agencies. New York State Homes and Community Renewal is the primary source of financing for this effort, with additional funds from MHACY, CCNY, WCHIF, and Empire State Development Restore NY.
$40 million - Bronx, NY.
Bronx, NY. 121-unit building located on privately owned vacant land in the West Farms neighborhood of the Bronx. The project will be a mix of supportive and affordable housing for low-income families. Financed with New York State Housing Finance Agency Tax Exempt Bonds and Low Income Housing Tax Credits, NYS HCR Low Income Housing Credits, and NYS HCR SHOP Subsidies.
$240 million - Queens, NY.
New construction of a mixed-income rental apartment tower. The project will include 543 units, with financing provided through New York City HDC Bonds.
$38 million - Westchester, NY.
Rehabilitation and expansion of a converted federal public housing facility from 30 units to a new 70-unit low income senior housing building. Once complete, the development will remain affordable for 99 years. NY State HFA to provide financing.
$11 million - Bronx, NY.
Rehabilitation of three buildings consisting of 32 units. The Community Preservation Corporation provided financing.
$18 million - Brooklyn, NY.
Acquisition and new construction of three New York City-owned properties in East New York, Brooklyn. This is the first phase of a project that will create 75 newly-constructed affordable rental units in five buildings. Financing partners include Raymond James Tax Credit Funds, providing equity through the purchase of 9% Low Income Housing Tax Credits allocated by the NYC Department of Housing Preservation and Development and a subsidy also provided by HPD. TD Bank provided construction financing.
$18 million - Westchester, NY.
Retrofitting of 108 studio apartment units at a former affordable housing complex into 74 affordable units for seniors and includes the construction of 74 studio, one- and two-bedroom units. Construction financing from the State of New York Mortgage Agency, and NYS Supportive Housing Opportunity Program and Senior Housing Program. Additional construction financing for the project was secured through Community Housing Innovations.
$36 million - Bronx, NY.
New construction of 94 affordable and supportive housing units for those with mental illness. Financing being provided by New York HFA Bonds, Supportive Housing Loan Program, New York City HPD, Supportive Housing Opportunity Program (SHOP), and New York State HCR.
$381 million - Manhattan, NY.
42-story tower development that will yield condominiums, institutional offices, faculty housing, and classrooms for a Seminary.
$11.7 million - Westchester, NY.
Financing of a K-12 Charter School that provides educational choices for families of all economic backgrounds in Yonkers and the surrounding communities. The Yonkers Industrial Development Agency worked with the existing owner to complete Yonkers’ first new public high school in decades.
$48 million - Brooklyn, NY.
Brooklyn, NY. 9 building portfolio to be rehabilitated and brought to Passive Housing standards. Financing from Tax Credit, LIHTC, and Bond sources.
$207 million - Manhattan, NY.
New construction of 400 mixed-income apartments, nearly 300 of which will be affordable, 65,000 square feet of commercial space, 5,000 square feet of cultural facilities, and 10,000 square feet of public open space.
$27.3 million - Westchester, NY.
Construction of two brand new buildings consisting of 33 rental apartments, all being affordable to individuals and families with a range of incomes from 30% to 80% of AMI for Westchester County. The project also includes plans for recreation spaces and an additional l8,000 square feet of the property is designed for public use as a park. Partners and financing sources include the County of Westchester, the State of New York Homes and Community Renewal and Regions Affordable Housing.
$30 million - Suffolk, NY.
A new construction affordable housing project consisting of 9 buildings, with a total of 70 units, serving low-income residents and those with disabilities. A brand new 7,400 sq. ft. Community Center is planned as well. Financing sources include the local IDA, NYS Housing Trust Fund, and Capital One. All New York worked with the project team to solve a series of complex issues before closing due to it being an assemblage of multiple lots, and the abandonment of two “paper streets” which required coordination with multiple County agencies.
$25.9 million - Nassau County, NY.
New construction of a brand new affordable rental building with 31 apartments dwelling units serving a broad range of households of differing incomes with a range of incomes up to 80% of Area Median Income (“AMI”) for Nassau County. Partners and financing sources include Nassau County’s Industrial Development Agency, New York State Homes and Community Renewal and Regions Affordable Housing to create this opportunity for people in Nassau County.