NEW YORK, NY – Hudson Valley Property Group has closed two preservation transactions, totaling $190 million, across three multifamily properties in New York City.
Per the deals, the firm will preserve 748 units as long-term affordable housing and it will implement upgrades and renovations at each property.
The first transaction's properties comprise Keith Plaza and Kelly Towers located at 2475 and 2405 Southern Blvd. in the Bronx, respectively. The second transaction consists of Los Tres Unidos Apartments located at 1680 Madison Ave. in Harlem.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.