The Real Deal New York

Nonprofit plans to bring 126 apartments to the West Bronx

Community Access' 14-story building slated to hold supportive housing, affordable units

November 25, 2015 05:10PM
By Konrad Putzier

111 East 172nd

111 East 172nd Street

Nonprofit Community Access filed plans Wednesday for a 126-unit,14-story apartment building at 111 East 172nd Street in the Bronx.

The Lower Manhattan-based organization, which helps people with psychiatric disabilities transition from shelters to independent living, plans to use more than half the units as “supportive housing” for individuals and families battling mental health or drug problems. The remainder will be affordable units for people making up to 50 percent of the neighborhood’s median income.

Peter Woll is the architect of record for the 107,000-square-foot project, the permit application shows.

Last year, Community Access secured a $3.9 million loan from the NYC Acquisition Fund, which supports affordable housing development, and an additional $500,000 from the Corporation for Supportive Housing.

The site, which Community Access bought for $2 million last year, is just east of the Bronx’s central-west Highbridge neighborhood.

The Bronx has recently seen a flurry of new residential construction, buoyed by low land prices and rising apartment rents. According to Ariel Property Advisors, the average value of a multifamily unit there rose to $127,800, up from $108,600 last year and $93,800 in 2013.