G & M Properties: Phase II, Bronx, NY
G & M Properties: Phase II, Bronx, NY
G & M Properties: Phase I, Bronx, NY
G & M Properties: Phase I, Bronx, NY
3361 Third Avenue, Bronx, NY
3361 Third Avenue, Bronx, NY
1479 Macombs Road, Bronx, NY
1479 Macombs Road, Bronx, NY
La Preciosa: 1070 Washington Avenue, Bronx, NY
La Preciosa: 1070 Washington Avenue, Bronx, NY
Davidson Avenue Cluster, Bronx, NY
Davidson Avenue Cluster, Bronx, NY
University Avenue Consolidated: Phase III, Bronx, NY
University Avenue Consolidated: Phase III, Bronx, NY
850 Jennings Street, Bronx, NY
850 Jennings Street, Bronx, NY
1085 Washington Avenue, Bronx, NY
1085 Washington Avenue, Bronx, NY
1068 Gerard Avenue, Bronx, NY
1068 Gerard Avenue, Bronx, NY
New Foundations, Bronx, NY
New Foundations, Bronx, NY
University Macombs Apartments, Bronx, NY
University Macombs Apartments, Bronx, NY
168th Street Cluster, Bronx, NY
168th Street Cluster, Bronx, NY
University Avenue Cluster, Bronx, NY
University Avenue Cluster, Bronx, NY
G & M Properties: Phase II, Bronx, NY
G & M Properties: Phase II, Bronx, NYThis project entails the substantial rehabilitation of 181 units in 5 buildings throughout the Bronx.  The project is being completed in partnership with the original owner Anthony Gazivoda.  The project was financed with 9% Low Income Housing Tax Credits issued by HPD as well as HPD financing through the PLP program, a construction  and a permanent loan from JP Morgan Chase.  Enterprise Community Investments is the tax credit syndicator. Total Development Cost: $42 MM.
G & M Properties: Phase I, Bronx, NY
G & M Properties: Phase I, Bronx, NYIn July 2013, Bronx Pro entered into a contract to preserve 9 multifamily properties (423 units) in partnership with the original owner Anthony Gazivoda.  The project started phase1 with the construction of 269 units in December 2013.  HPD provided financing through its PLP program with JP Morgan Chase acting as the private lender plus developer equity.  Total Development Cost: $44.5 MM.
3361 Third Avenue, Bronx, NY
3361 Third Avenue, Bronx, NYLocated at 3361 Third Avenue in the Morrisania section of the Bronx, NY, the project will consist of sixty-three (63) units including thirty-eight (38) supportive housing units set aside for persons in need of supportive housing, targeting homeless, NYNYIII, and veteran populations.  The building will meet Enterprise’s Green Communities Criteria and to reach NYSERDA’s Multifamily Energy Star Rating and a LEED Gold certification.   The project was the first Bronx Pro development to be constructed using prefabricated modular construction provided by Capsys.  The project was financed utilizing the inaugural allocation of New York State’s Medicaid Reform Team (MRT) funding along with HFA tax exempt bonds, low income housing tax credit equity and HPD subsidy provided by the supporting housing loan program.  The project was completed in July 2015. Total Development Cost: $21MM.Photo by Aislinn Weidele
1479 Macombs Road, Bronx, NY
1479 Macombs Road, Bronx, NYIn December 2012, the company acquired a privately owned 6-story elevator building with 72 occupied apartments located at 1479 Macombs Road at Cromwell Avenue in the Tremont neighborhood of the Bronx.  The property was severely distressed requiring extensive beam and joist replacement in addition to the comprehensive renovation program anticipated.  The team also restored the property’s decorative brick façade to its original 1929 appearance.   HPD provided financing through its PLP program with JP Morgan Chase acting as the private lender plus developer equity.  The project was completed in May 2015.  Total Development Cost: $14MM.
La Preciosa: 1070 Washington Avenue, Bronx, NY
La Preciosa: 1070 Washington Avenue, Bronx, NY In April 2012, Bronx Pro began new construction on a new LEED Gold project in the Morrisania section of the Bronx.  The project was financed through a combination of federal Low Income Housing Tax Credits (LIHTC), conventional bank financing, New York City HOME Funds, Bronx Borough President’s capital dollars and construction and operating financing from the New York City Housing Authority (NYCHA) through its Replacement Housing Factor (“RHF”) capital fund.  Ten of the rental units will be set aside for persons in need of supportive housing, targeting NYNY III and Veteran populations.  Total Development Cost: $22.1 million.    
Davidson Avenue Cluster, Bronx, NY
Davidson Avenue Cluster, Bronx, NYIn mid-2011, Bronx Pro began managing 6 distressed properties totaling 185 units along Davidson and Monroe Avenues in the West Bronx.   HPD provided financing through its PLP program with JP Morgan Chase acting as the private lender plus developer equity.  The project completed construction in March 2012.   Total Development Cost: $25.1 million. 
University Avenue Consolidated: Phase III, Bronx, NY
University Avenue Consolidated: Phase III, Bronx, NYIn July 2008, Bronx Pro was awarded four additional multifamily buildings (173 residential units) to rehabilitate from the New York City Housing Authority’s portfolio.  The project includes a solar thermal installation that New York Solar Energy Industries Association named the best project of the year in 2011.  The project started construction in December of 2009 and construction completion took place December 2010.  Total Development Cost: $32 million.   
850 Jennings Street, Bronx, NY
850 Jennings Street, Bronx, NYBronx Pro’s first moderate income new construction project.  Residence includes 103 apartment units and it received a LEED Gold certification.  Construction closing took place June 2009 and the project completed construction in April 2011. Total Development Cost: $25.2 million.  
1085 Washington Avenue, Bronx, NY
1085 Washington Avenue, Bronx, NYThe new construction of a 90 unit apartment building in the Bronx utilizing HDC tax exempt bonds, MIRP and tax credit equity. The acquisition closing occurred in May 2006 and the construction started in June 2007. Construction Completed February of 2009. Project received NYSERDA’s Energy Start rating and green amenities include solar thermal panels and a 1,850 square foot green roof.  Total Development Cost: $27 million.  
1068 Gerard Avenue, Bronx, NY
1068 Gerard Avenue, Bronx, NYThe new construction of an 82 unit apartment building in the Bronx utilizing tax-exempt bonds issued by the NYC Housing Development Corporation and HPD’s Mixed Income Rental Program (MIRP). Credit enhancement provided by Banco Popular and federal Low- Income Housing Tax Credit equity syndicated by the Enterprise Community Investment. Construction completed December 2007.   Total Development Cost:  $23.1 million.
New Foundations, Bronx, NY
New Foundations, Bronx, NYPhase IThe new construction of 24 for sale homes on Daly, Vyse, Tinton and Honeywell Avenues in the Bronx. Construction started in December of 2002; project was developed in multiple stages. Phase 1 completed in June 2005, Phase 2 completed in November 2007 and last phase, four houses were completed in November 2008. Total Development Cost:  $6.8 million.Phase IIThe new construction of 19, three-family, for sale homes on Phelan Place and Valentine Avenue in the Bronx.  Construction on homes and marketing are complete. Total Development Cost: $5.6 million. 
University Macombs Apartments, Bronx, NY
University Macombs Apartments, Bronx, NYPhase IRedevelopment of former NYCHA properties award through the first collaborative RFP between the new construction and renovation of five multifamily buildings (210 residential units with ground floor retail) utilizing tax-exempt bonds issued by the NYC Housing Development Corporation, credit enhancement provided by Banco Popular, and federal Low- Income Housing Tax Credit equity syndicated by the Enterprise Community Investment. Completed in December 2006. Total Development Cost:  $27.4 million. Phase IIThe renovation of three multifamily buildings (111 residential units) utilizing tax-exempt bonds issued by the NYC Housing Development Corporation, credit enhancement provided by Banco Popular and federal Low- Income Housing Tax Credit equity syndicated by the Enterprise Community Investment.  Construction completion in August of 2007.   Total Development Cost:  $13.8 million
168th Street Cluster, Bronx, NY
168th Street Cluster, Bronx, NYThe substantial renovation of six multifamily buildings (127 residential units with ground floor retail) utilizing private construction financing and federal Low Income Housing Tax Credits. Completed in June 2005. Total Development Cost:  $16.6 million.
University Avenue Cluster, Bronx, NY
University Avenue Cluster, Bronx, NYThe substantial renovation of seven multifamily buildings (174 residential units with ground floor retail) utilizing private construction financing and federal Low Income Housing Tax Credits. Completed in November 2001. Total Development Cost:  $22.5 million.
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