BRP Companies | The Real Deal New York

The Real Deal New York

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BRP Companies

767 Third Avenue, 33rd Floor
New York, NY 10017
(212) 488-1750
Website
brp@brpcompanies.com
BRP Companies

BRP Companies is a real estate developer and management firm focused on affordable housing and commercial development. The firm was founded in 1998 as a local development company and has since become one of the leading affordable housing developers in the city.   The firm has been particularly active in Queens. In 2014 the firm purchased a development site in Jamaica for $225 million, which was hailed at the time as one of the largest private investments in that neighborhood in decades. In 2014 BRP joined in a strategic partnership with Goldman Sachs to launch a $75 million real estate investment fund for mixed-use properties. The firm also has partnered with the New York City Department of Housing Preservation and Development and the New York City Housing Development Corporation on various projects. BRP has also taken on the financial side of real estate, offering economic development senior and subordinated loans for metropolitan areas in New York, New Jersey, and Pennsylvania. The firm’s financing arm was awarded $21 million in 2010 and $30 million in 2012 under a Treasury Department tax credit program.


01/16/19
...and the Getty at 501 West 24th Street (Credit: BRP Companies Wharton Properties via YIMBY and Curbed NY) UPDATED, Jan. 17, 12:00 p.m.: New York City...

06/28/18
...-05 and 163-25 Archer Avenue in January to BRP Companies for about $55 million. HFF's Andrew Scandalios, Jose Cruz and Rob Rizzi are marketing Jamaica...

06/06/18
...years. Other recent deals in the neighborhood include BRP Companies’ $55 million purchase of 163-05 and 163-25 Archer Avenue and Zara Realty’s purchase of...

04/30/18
...purchase of 55-15 Grand Avenue in Maspeth and BRP Companies’ $55 million purchase of 163-05 to 163-25 Archer Avenue in Jamaica. The full list of...

03/05/18
...UPDATED: Mar. 6, 9:37 a.m.: For-profit affordable housing developer BRP Companies plans to sell condominiums instead of rent below-market apartments at its Harlem development called...

12/27/17
...his Archer Towers development site in Jamaica to BRP Companies for about $55 million, and developer Chung Lam is planning an 80-unit, nine-story residential building...

12/21/17
...the former site of the Renaissance Ballroom to BRP Companies in 2014 and 28 brownstones to Genesis Companies in 2015. The city pulled $3.1 million in contracts with...

12/13/17
...for roughly $55 million, The Real Deal has learned. BRP Companies is in contract to buy the adjacent lots at 163-05 and 163-25 Archer Avenue...

09/26/17
...Sutton and Rendering of 90-02 168th Street (Credit: BRP Companies/Wharton Properties) Jeff Sutton is branching out from marquee Manhattan projects and launching his...

09/12/17
...Commons complex in the Bronx. Affordable housing builder BRP Companies, as well as Urbane Development and the Caribbean American Chamber of Commerce and Industry...

03/13/17
...other than or on top of 421a, too. BRP Companies, for example, received a $324 million loan from the city's Housing Development Corporation for two...

03/03/17
...is developing the $450 million La Central project with BRP Companies, ELH-TKC, Breaking Ground and Comunilife. “It’s no longer just housing with retail on...

01/31/17
...at Jamaica Station (credit: FXFOWLE) and Meredith Marshall BRP Companies scored $323.6 million from the New York City Housing Development Corporation to build a 669-unit...

12/20/16
...Avenue The city has cut a deal with BRP Companies that will bring 38 low- to moderate-income apartments to Harlem. The Dance Theater of Harlem...

...The city accepted $875K to lift the restriction. BRP Companies, a de Blasio donor, later bought the parcel for $3.1M. 5 The number of agencies...

...The plot was later sold for $3.1 million to BRP Companies, an affordable-housing developer. BRP gave $10,000 to the Putnam County Democratic Committee at a time...

05/23/16
...overtures to buy a Harlem site owned by BRP Companies where officials recently approved the lifting of a deed restriction. The city’s School...

05/13/16
...BRP's Meredith Marshall and 841 St. Nicholas Avenue BRP Companies recently purchased a Harlem development site just a few months after the city agreed...

12/24/15
...commercial. 10. 147-30 Archer Avenue, 636,443 square feet In May, BRP Companies came one step closer to making its long-rumored "The Crossing" a reality. The developer...

12/16/15
...square feet of community facilities. The developers are BRP Companies, Local Development Corporation of East New York, HELP USA and Common Solutions. A rendering...

11/18/15
...stories, at 463, 487 and 500 Livonia Avenue and 453 Hinsdale Street. BRP Companies, Local Development Corporation of East New York, HELP USA and Common Solutions are developing...

10/28/15
...building that will replace the Flatbush Caton Market BRP Companies won a city contract to develop a new 166-unit affordable housing project with ground...

...the outer boroughs, and will house 1,789 units. Meanwhile, BRP Companies landed the No. 3 slot on TRD’s list with 1.27 million square feet under development...

08/28/15
...of big-ticket developments coming to Jamaica -- with BRP Companies planning two mixed-use buildings housing 580 apartments and developer Pride Hospitality Group building an 18-story...

08/21/15
...with Sutphin Avenue at the transit hub, where BRP Companies is planning to build a pair of apartment buildings with 580 units. On the southern...
  • Event Financing
  • Address 2341 Adam Clayton Powell Jr Boulevard
  • Neighborhood Harlem
  • Borough Manhattan
  • Price $ 71,000,000
  • Publication Date 12/03/2018
  • Event Date 11/28/2018
  • Party 1 Goldman Sachs Investment Group, BRP Companies
  • Party 2 Square Mile Capital Management
notes
The owner secured a loan of $71 million for the Harlem property.
  • Event Financing
  • Address 148-10 Archer Avenue
  • Neighborhood Jamaica
  • Borough Queens
  • Square feet 727,138
  • Price $ 290,000,000
notes
The company secured a total of $290 million in financing from the city for the construction of an affordable housing complex.
Bronx, 10455
COMMON GROUND, COMMON GROUND COMMUNITY II HDFC
This property is a new development. The developer(s) filed plans in June of...
Queens, 11435
BRP DEVELOPMENT, CJ PLAZA TWO LLC
This property is a new development. The developer(s) filed plans in June of...
Queens, 11435
BRP DEVELOPMENT, CJ PLAZA ONE, LLC
This property is a new development. The developer(s) filed plans in June of...

12/24/15
...commercial. 10. 147-30 Archer Avenue, 636,443 square feet In May, BRP Companies came one step closer to making its long-rumored "The Crossing" a reality. The developer...

...the outer boroughs, and will house 1,789 units. Meanwhile, BRP Companies landed the No. 3 slot on TRD’s list with 1.27 million square feet under development...
Bronx, 10455
COMMON GROUND, COMMON GROUND COMMUNITY II HDFC
This property is a new development. The developer(s) filed plans in June of...
Queens, 11435
BRP DEVELOPMENT, CJ PLAZA TWO LLC
This property is a new development. The developer(s) filed plans in June of...
Queens, 11435
BRP DEVELOPMENT, CJ PLAZA ONE, LLC
This property is a new development. The developer(s) filed plans in June of...