K&R News
PRESERVING AFFORDABLE
HOUSING IN AT-RISK MARKETS
179-UNIT HARLEM COMPLEX FETCHES $36M
Purchase of the five-building complex is the second for year-old Preservation Development Partners, which aims to buy and preserve affordable housing. A third deal is in contract. BY AMANDA FUNG Preservation Development Partners, a year-old firm focused on...
PRESERVATION DEVELOPMENT COMPLETES $5.5 MILLION REHAB OF EAST RIVER APARTMENTS; BFC PARTNERS ACTED AS GENERAL CONTRACTOR
East River Apartments, 109-125 East 130th Street – Manhattan, NY Manhattan, NY Preservation Development Partners, a joint venture of developers Donald Capoccia, Joseph Ferrara, Brandon Baron, Francine Kellman and Brian Raddock, completed the rehabilitation of...
CITY-FINANCED EAST RIVER APARTMENTS WILL REMAIN AFFORDABLE FOR THE NEXT 40 YEARS
COMMERCIALOBSERVER Mortgage Beat By Alessia Pirolo 125 East 130th Street. An East Harlem building acquired with a $31.6 million loan consisting of tax-exempt-bonds issued by the City and credit enhanced by Freddie Mac will be kept affordable for the...
PRESERVATION DEVELOPMENT PARTNERS COMPLETES THE REHABILITATION OF EAST RIVER APARTMENTS
By Kevin Parker 179-Unit Complex in East Harlem to Remain Affordable for At Least 40 Years, Eliminating the Risk of Conversion to Market Rate Housing Preservation Development Partners, a joint venture of developers Donald Capoccia, Joseph Ferrara, Brandon Baron,...
Preservation Development Partners Acquires $23.5 Million Affordable Housing Complex In Spring Valley, New York
Preservation Development Partners, a joint venture of developers Donald Capoccia, Joseph Ferrara, Brandon Baron, Francine Kellman and Brian Raddock, announced the acquisition of Surrey Carlton Apartments in upstate Spring Valley, NY. The...
PRESERVATION FIRM ACQUIRES SECOND NYC PROPERTY
By DONNA KIMURA Preservation Development Partners has acquired its second property, a 179-unit apartment complex in East Harlem that will remain affordable for another 40 years. The total development cost of the occupied complex is $50 million, including the...