Adaptive reuse conversion of 1870’s built Romanesque Revival school to a 205 unit luxury multifamily residential complex in Brooklyn with 30% affordability. Project features the restoration of critical architectural elements in units, an indoor / outdoor tenant lounge, 1,400 sf fitness center with a fitness on demand studio and a 5,000 sf roof deck. Projected […]
PRC was selected by the Trenton Housing Authority to be the private co-development partner as part of a Choice Neighborhood grant application for the North Trenton / Battle Monument neighborhood. The project centers around Donnelly Homes, a 376 unit public housing complex, which is slated to be demolished and replaced with 567 new apartment units
PRC Management oversaw the opening and affordable lease-up of this luxury 421-a rental building on behalf of a developer client. PRC continues to operate the building as a third party manager, including oversight of the affordable compliance.
Rehabilitation of 29 NYCHA buildings comprised of 1,673 units in the East New York neighborhood of Brooklyn. Business plan involves renovating the vast majority of units with tenants-in-place including full abatement to achieve lead-free status. Financed utilizing RAD, Part 200 as well historic tax credit equity, the project will be transformative for this public housing […]
PRC Management is engaged as a third party to oversee all aspects of management, compliance and accounting on behalf of a non-profit owner. The portfolio, which spans 12 portfolios across various neighborhoods in the Bronx, will benefit from PRC’s active tenant engagement and deep experience operating in these neighborhoods.
RAD conversion and rehabilitation of 203 dwelling units in two senior residences in New Rochelle, NY. PRC was designated as co-developer with the New Rochelle Municipal Housing Authroity through a competitive RFP process. Project features new community rooms, laundry facilities and outdoor space for the benefit of the residents.
This Landmarked 1929 Co-operative has managed by PRC since 1999. PRC has overseen over $10 million of building improvement projects, including renovations of common areas, elevator modernization, and restoration of the historic facade.
Rent stabilized apartment building in Midwood, Brooklyn, managed by PRC Management since 2015. PRC’s efforts to work with ownership to implement their vision for the renovation of the lobby, common areas, and vacant apartments has transformed this once outdated building.
PRC owns and operates two retail condominiums and garages on prime corners on the Upper West side of Manhattan beneath two for-sale projects PRC designed and developed.
PRC owns and operates a portfolio of NNN lease assets in various locations throughout the eastern and central United States. Purchased through 1031 exchanges after the successful disposition of mutlifamily assets, the portfolio features tenants with BBB+ ratings and above in prime secondary and tertiary market locations