The Real Deal New York

Phipps Houses teams up with Forest Hills co-op to build trio of new buildings

Residents of Forest Hills Co-Op Houses recently left NYCHA, sold portion of land
By Eddie Small | April 23, 2018 01:35PM

62-27 108th Street and Adam Weinstein (Credit: Google Maps)

Phipps Houses, one of the city’s largest nonprofit housing developers, filed plans for a trio of new buildings on land in Queens occupied by a co-op that just left NYCHA.

One building would span about 200,000 square feet, stand 17 stories tall and contain 183 residential units, while the other would span about 132,000 square feet, stand 13 stories tall and contain 115 residential units, according to filings with the city’s Department of Buildings on Monday. Both buildings would also include community space. The third building would be a four-story parking garage.

The buildings would be located at 62-27 108th Street on the site of the four-building Forest Hills Co-Op Houses complex. Residents of the co-op voted last year to leave the housing authority and set up its own entity, the Forest Hills Mutual Housing Association, according to the Queens Chronicle. The deed transferred from NYCHA to the co-op residents on Jan. 1.

Phipps bought a portion of the site for $8.5 million, the Chronicle reported. The nonprofit will pay the co-op board at least $130,000 once the new structures open, which will defray maintenance costs.

Phipps did not immediately respond to a request for comment.

The nonprofit is also planning a trio of Far Rockaway properties at 1720, 1725 and 1701 Village Lane that will contain a total of 688 residential units. The company is working on a 403-unit complex at 3301 Atlantic Avenue in East New York as well.