Harlem Gardens

Harlem, New York

Information

Developer:

Harlem Gardens LLC

Location:

Frederick Douglass Boulevard south of 125th Street

Specs:

In-place rehabilitation of 129 affordable rental units within 4 walk-up buildings and 1 elevator building with ground floor retail.

Projected Timeline:

Start Q2 2020 – 24 month construction period.

Financing:

Acquisition of the GP interest, private senior debt, HPD Year 15 subsidy, and developer equity.

Estimated Development Costs:

$15,000,000