The Leroy

Harlem, New York

Information

Developer:

407 Lenox Avenue, LLC

Location:

225 West 140th Street

Specs:

7–story mixed use new construction building with 20 mixed-income units and 2,500 sf of community facility space. The affordability mix ranges from 60% to 130% of AMI.

Amenities:

Fitness center, common outdoor space, bicycle parking, laundry room, high grade finishes, PTAC heating and cooling, and dishwashers.

Projected Timeline:

Start Q1 2018 – 24 month construction period.

Financing:

TE Bonds, HDC & HPD subsidy, LIHTC & SLIHC equity and developer equity.

Estimated Development Cost:

$15,000,000