Sprawling Bronx apartment complex gets $17M makeover

by: Real Estate Weekly

A $17 million renovation project has been completed in the Soundview neighborhood of the Bronx.

The 972-unit Lafayette Boynton complex has been given the massive overhaul by Nelson Management Group, through its investment arm Global One Investments led by principals Robert Nelson and Michael Gerstein, and L+M Development Partners, through its New York Affordable Housing Preservation Fund (NYAH).

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Nelson Management and L+M Dev. complete $17 million renovation; Improvements designed by Robert Cane Architects

by: New England Real Estate Journal
source: NYREJ.com

Nelson Management and L+M Dev. complete $17 million renovation; Improvements designed by Robert Cane Architects

Bronx, NY Nelson Management Group, through its investment arm Global One Investments led by principals Robert Nelson and Michael Gerstein, and L+M Development Partners, through its New York Affordable Housing Preservation Fund (NYAH), have reinvigorated Lafayette Boynton, their 972-unit apartment complex in the Soundview neighborhood of the borough, with the completion of $17 million in capital improvements.

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AREA Property sells Bronx apartment complex for $51.5M

source: Real Estate Weekly Robert Nelson’s Global One Real Estate Fund, in conjunction with the New York Affordable Housing Preservation Fund, a Joint Venture between L + M Development Partners and Citibank, has purchased the interests of Lafayette Boynton, a four-building, 972-unit rent ...

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Leaving Mitchell-Lama: Many Paths, All Bumpy

source: New York Times, Real Estate Download the pdf By NADINE BROZAN THE battleground is increasingly familiar: on one side, there is the developer of a Mitchell-Lama building entitled under law to take it out of the low- and moderate-income housing program after 20 years of rent ceilings. On ...

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