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