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 […]
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implement their vision for the renovation of the lobby, common areas, and vacant apartments has transformed this once outdated building.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
RAD conversion and rehabilitation of 279 units of affordable housing in partnership with the Municipal Housing Authority for the City of Yonkers. PRC Management co-managed the property with the housing authority through construction and then turned management back over the housing authority after the successful completion of the renovation project.
Rehabilitation project of two adjacent pre-war mixed-use buildings comprised of 50 units in Manhattan Valley. Renovations included complete gut rehabs of interiors with new stainless steel appliances and Fisher and Paykel undermount dishwashers.
Off market acquisition and repositiong of a 15 building garden-style apartment complex in Westchester, NY. Project has a significant vacancy factor at closing and a large amount of deferred maintenance. PRC added amenities including a fitness center, playground, dog run, and numerous picnic areas to improve quality of life for residents.
Repositioning of a 143 unit apartment building in Westechester, NY in partnership with a NY based private equity fund. Project included an off-market acquisition, complete rebranding, upgrades to common areas, site security, building systems and apartment interiors. Project was successfully exited well ahead of financial projections.
