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. ...
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...
