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. ...
by prewebED | May 4, 2022 | Property
East River Apartments, a 179-unit multifamily apartment complex, is located at 109–125 East 130th Street in Upper Manhattan’s East Harlem neighborhood. It was acquired by Preservation Development Partners in December 2011for $36 million.The complex consists of five...
by prewebED | May 4, 2022 | Property
Surrey Carlton Apartments, a 176-unit rental complex located at 45-47 Ewing Avenue in Spring Valley, NY, was purchased by Preservation Development Partners in August 2012 for $23.5 million. The firm contributed an additional $4.7 million in capital improvements to...
by prewebED | May 4, 2022 | Property
Sinclair Houses, an 81-unit rental complex located at 502 and 528 West 151st Street in the Hamilton Heights section of Manhattan, was purchased by Preservation Development Partners for $15 million in December 2012. The firm has invested an additional $2.3 million in...
by prewebED | May 4, 2022 | Property
Trinity Apartments, a 75-unit multifamily complex located at 2105 Daly Avenue in the Bronx was acquired by Preservation Development Partners in June 2011. The purchase was financed by $9.9 million in New Issue Bond Program (NIBP) bonds issued by The New York City...
