The latest acquisition by Camber Property Group brings affordability protections to 60 apartments in Harlem, Manhattan. The Johanna Apartments, acquired for $30 million, consists of a 100 percent Project Based Section 8 property across four buildings on West 144th Street, just a block from the 145th Street subway station.
Private equity firm Snow Phipps is the latest company to join 545 Madison Avenue, a newly renovated office tower in Midtown, Manhattan. Marx Realty, the property owner, worked with Studios Architecture to complete the building’s transformation, which focused on elevating the hospitality aspects of the commercial property.
The affordable housing lottery is open for 107 West 105th Street, a five-story residential development on the Upper West Side of Manhattan. Built in 1930, the 15-unit building yields 8,760 square feet. Available on NYC Housing Connect are six units for sale for residents at 110 percent of the area median income, ranging in eligible income from $88,500 to $141,790.
The affordable housing lottery has launched for Riverton Square, five 13-story residential buildings at 45 East 135th Street and 2156, 2181, 2171, and 2225 Madison Avenue in East Harlem, Manhattan. Overall, the Riverton Square complex consists of 1,229 units across 12 buildings with approximately 1,000 units designated as affordable housing. Available on NYC Housing Connect are 55 units for residents at 60 to 125 percent of the area median income (AMI), ranging in eligible income from $43,852 to $161,125.
L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.