by prewebED | May 6, 2022 | Property
In October, 2015, Preservation development Partners acquired Oakwood Towers, a senior care apartment complex located at 400 Oakwood Avenue, Orange, New Jersey. The rental property was purchased for $21 million and an additional $8 million will be invested in major...
by prewebED | May 6, 2022 | Property
Preservation development Partners acquired The Leggett Avenue Properties, a portfolio of five multifamily apartment complexes in the Bronx and Brooklyn, in July 2016. The portfolio comprises 324 apartments which include 2 studios, 132 one bedrooms, 145 two bedrooms...
by prewebED | May 6, 2022 | Property
In an historic, precedent-setting transaction, Preservation Development Partners was one of two development firms selected as the winning bidders in the New York City Housing Authority’s search for committed housing preservationist entity to acquire the major interest...
by prewebED | May 4, 2022 | Property
The multifamily complex consists of four 13-story elevator towers and four walk-up townhouse apartment buildings located on and near Holland Avenue in the Mariners Harbor section. The project includes 48 studio units, 239 one-bedroom units, 199 two-bedroom units, 26...
by prewebED | May 4, 2022 | Property
The four-building complex was purchased for $23.8 million from the previous owner. Preservation Development Partners, the new owners, have planned $8.8 million in capital improvements to the property — or approximately $35,000 in rehabilitation per unit. ...
