Central Harlem Cluster

Manhattan, NY

Bronx Pro and Precise Management formed a joint venture to substantially renovate 6 buildings with 125 units of housing located in Harlem. Three of the buildings were owned by The New York City Housing Preservation and Development (“HPD”) and the other two of the buildings were owned by the non-profit Neighborhood Restore. The building renovation scope is sustainable and includes the upgrade of all major building systems plus new kitchens and bathrooms. The properties were renovated in 2 Phases and completing in 2021. The project is financed through 9% low-income housing tax credits and HPD subsidy through their PLP Program. The Total Development Cost was $37.5 million.