The Real Deal New York

City to spend $23M repairing 3 Bronx buildings

Two of the affordable-housing properties getting new plumbing, windows
September 05, 2014 11:20AM

The city has allotted nearly $23 million to renovate three affordable housing properties in the Bronx.

The buildings are known as the Mount Sharon HDFC — one of them at 2085 Walton Avenue — and are located in the Kingsbridge and Fordham neighborhoods. Two of them will be outfitted with new windows, plumbing and electrical systems. The renovations are set to be complete by 2016.

The families renting the units are earning no more than 60 percent of the area’s median income, or $50,340 a year for a four-person family. The repairs are being done in partnership with multiple city agencies and Enterprise Community Investment.

Renovations began in July on 106 apartments, the New York Daily News reported. [NYDN]Mark Maurer

  • marknroses

    $23 million for 106 apartments is $216,981 per unit in renovations. Hope they’re being converted to high end condos because that seems a bit high for an investment into affordable housing in that market (unless I’m missing someting)

  • proafforablehousing

    They are obviously making these into high end units with Mahogany elevators. Otherwise it wouldn’t be possible to spend that much money doing renovations. I could buy 106 apartment in the Bronx for what they are spending on just renovations. LOL

  • observer

    You guys have to factor in the leakage in the system. I’d be surprised if even half of that money ever goes into real repairs…

  • anon

    de blasio sux

  • bxlandlord

    Are you serious. Windows, plumbing and a complete electrical and throw in newly gut reneovated bathrooms and kitchens for 106 units and your talking roughly less than 2 million dollars. Triple that amount for the other two buildings and your at 6 mill. So where does the remainder of the 16 million go???