BPG Properties 1

Bronx, NY

In 2020, Bronx Pro completed a 301-unit, Year 15 renovation for the company’s first two tax credit projects, University Avenue LP (UALP) and 168th Street Development LP (168th), developed through HPD’s Neighborhood Entrepreneurship Program. Though both clusters were gut renovated in the early 2000s, Bronx Pro took the reposition as an opportunity to add sustainability and resiliency to the cluster for the long term. The proposed renovation met the pressing capital needs of the portfolio as well as improved the building envelope with new roofs, UPVC windows installed with air/vapor barriers and 1” of rigid foam over existing walls. LED lighting and Energy Star rated appliances were installed in apartments and the toilets were replaced with HET or better models. New condensing boiler plants and air to water heat pumps with HEATSWITCH controls were added to larger properties. At 1109 Clay Avenue and 30 Buchanan retrofit heating terminal units with high output hydronic baseboard and room by room thermostatic controls were installed. Solar PV was also added to 30 Buchanan. The total development cost for the project was $38.60 million.