K&R News
PRESERVING AFFORDABLE
HOUSING IN AT-RISK MARKETS
SCHENECTADY APARTMENTS SELL; NEW OWNERS INVESTING $10M
INDUSTRY NEWSCOMMERCIAL REAL ESTATE Oct 6, 2016, 2:38pm EDT Andrew H. RoiterDigital producerAlbany Business Review Preservation Development Partners, a New York City affordable housing developer, has agreed to buy Summit Towers in Schenectady, New York, for an...
Albany IDA approves tax break for low-income housing complex
By Amanda Fries on November 20, 2016 at 7:44 PM ALBANY — The city Industrial Development Agency recently approved a tax abatement for developers looking to purchase Thurlow Terrace Apartments and renovate the low-income senior and handicapped apartment complex....
JUNGREIS OF ROSEWOOD COMPLETES 8-BUILDING PORTFOLIO SALE: $60 MILLION
286-290 East 91st Street – Brooklyn, NY New York, NY Rosewood Realty Group has completed the $60 million sale of an eight-building multifamily portfolio in Brooklyn and the South Bronx. The joint venture buyers are BFC Partners and K&R Preservation. The...
ALBANY IDA APPROVES TAX BREAK FOR LOW-INCOME HOUSING COMPLEX
By Amanda Fries on November 20, 2016 at 7:44 PM ALBANY — The city Industrial Development Agency recently approved a tax abatement for developers looking to purchase Thurlow Terrace Apartments and renovate the low-income senior and handicapped apartment complex....
SELLING POINTS: GARMENT DISTRICT BUILDINGS GO FOR $37.3M, 477 AMSTERDAM A HOT PROPERTY
Pair of Garment District buildings sell for $37.3 million BY REW GFI Realty Services, LLC announced the $37.3-million sale of two office buildings in Manhattan’s Garment District. Located at 40 West 38th Street and 144 West 37th Street, the properties total...
BFC, K&R JV BUY $60M BROOKLYN, BRONX MULTIFAMILY PORTFOLIO
by Benjamin Mazzara Preservation Development Partners—a JV of Donald Capoccia’s BFC Partners and Francine Kellman and Brian Raddock’s K&R Preservation—has purchased an eight-building portfolio from Josh Gotlib’s Black Spruce Management for $60M. Black...