K&R PRESERVATION

In a transaction that closed on July 30, 2020, K & R Preservation acquired Spring Creek Gardens Apartments, a multifamily apartment complex located at 902 Drew Street, in the Lindenwood section of Brooklyn. The purchase will eliminate the risk of 581 housing units...

Governor Clinton Apartments and Alexander Yosman Apartments  Will Receive a $10 Million Rehabilitation In a transaction that closed in October, 2018, K & R Preservation acquired two senior apartment complexes consisting of 196 units in downtown Kingston, NY. The...

K & R PRESERVATION ACQUIRES THE 100 UNIT OAKWOOD GARDENS APARTMENTS IN MOUNT VERNON, NY In March, 2019 K & R Preservation, together with Belveron Partners, acquired Oakwood Gardens Apartments, a 100-unit affordable housing property in Mount Vernon, NY. The...

ACQUISITION OF FOUR AFFORDABLE APARTMENT COMPLEXES IN ALBANY, NY REGION In January, 2017, Preservation Development Partners acquired Summit Towers, a 183 unit complex located at 720 Albany Street in Schenectady; Thurlow Terrace, a 137 unit building located on 2...

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...

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...

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...

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...

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. ...

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...

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...

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...

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...