PS90 now FHA-approved

Harlem’s PS90, the abandoned public elementary school-turned-condominium at 220 West 148th Street between Adam Clayton Powell and Frederick Douglass boulevards, has been approved for Federal Housing Administration financing, the development team announced today. Sales launched in September at the 75-unit building, which is still under construction. Roughly 25 percent of its studios and one-, two- and three-bedroom units are reserved for middle-income residents and prices range from $400,000 to $899,000 for the market-rate homes. PS90 is being developed by L+M Development Partners and and marketed by Halstead Property Development Marketing. Occupancy is slated for this summer. Click here to see a slide show of The Real Deal’s backstage look at the one-time school’s transformation. TRD