Northeast

Chicopee-Village-Chicopee
Affordable HousingDevelopmentInvestment SalesMassachusettsNewsNortheast

WinnCos. Acquires, Rehabs Western Massachusetts Affordable Housing Property

by Lynn Peisner

CHICOPEE, MASS. — WinnCos. has acquired a 290-unit affordable housing community in Chicopee and begun a $41.5 million rehabilitation of the property. The sales price was not disclosed. Affordability restrictions at Chicopee Village Townhomes were set to expire this year. Financing for the acquisition and rehabilitation closed on Aug. 13, guaranteeing the property will remain affordable housing for 50 years. Upon completion of the renovation — slated for summer 2028 — 30 apartments will be converted to unrestricted units, allowing existing over-income households to remain housed and avoid displacement. The …

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ACP-Wilton
Build-to-RentInvestment SalesNew YorkNewsNortheast

ACP Arranges Sale of Ridgeview Townhomes & Apartments in New York’s Capital Region

by Lynn Peisner

WILTON, N.Y. — Adirondack Capital Partners (ACP) has arranged the sale of Ridgeview Townhomes & Apartments, a 96-unit community in Wilton. Michael Hunter Coghill, Brittany Feinberg, Chad Sinsheimer and Jacob Brenner of ACP represented the seller, an LLC, and procured the buyer, Yakar Partners. A sales price was not disclosed. The property, built in 2014 on approximately 9 acres, includes a mix of apartment and townhome residences as well as five ground-floor commercial spaces. Units feature attached garages and private entrances.

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51-South-White-Plains
Investment SalesNew YorkNewsNortheast

RMS Cos. Sells 51 South in White Plains for $64.3M

by Lynn Peisner

WHITE PLAINS, N.Y. — RMS Cos. has sold 51 South Apartments in White Plains to Los Angeles-based CIM Group for $64.3 million. CBRE’s Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg represented RMS, the Stamford, Connecticut-based original developer, in the transaction. Completed in 2025, 51 South is comprised of 134 units along with a resort-style pool with cabanas, indoor and outdoor lounges, a fitness center with spin and yoga studios, billiards, shuffleboard and coworking areas.

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Park-Tower-Jersey-City
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Namdar Group Secures $390M for Jersey City Tower

by Lynn Peisner

JERSEY CITY, N.J. — New York City-based developer Namdar Group has secured $390 million in financing for Park Tower, a 1,049-unit, transit-oriented, mixed-income development in Jersey City’s Journal Square neighborhood. A start date was not announced. Completion is slated for May 2029. Park Tower adds to Namdar’s extensive Journal Square portfolio, where the developer has delivered more than 2,000 apartments as part of a multi-year buildout around the neighborhood’s PATH station. The PATH train provides direct access to the World Trade Center in Lower Manhattan. Affinius Capital provided a $310 …

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Valley-View-Paterson
Investment SalesNew JerseyNewsNortheast

JLL Brokers Sale of 100-Unit Valley View Apartments in Paterson, New Jersey

by Lynn Peisner

PATERSON, N.J. — Redwood Associates, an affiliate of Value Cos. Inc., has sold Valley View Apartments in Paterson, New Jersey, to EOM Equity for an undisclosed sum. JLL’s Jose Cruz, Mike Oliver, Steve Simonelli, Elizabeth DeVesty and Austin Pierce represented the seller in the transaction. The 100-unit property was 99 percent occupied when the transaction closed. Built in 1965, Valley View Apartments is comprised of one- and two- bedroom units as well as on-site laundry and storage spaces for residents.

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201-Hudson-Jersey-City
DevelopmentFinanceNew YorkNewsNortheast

Joint Venture Secures $277M Construction Loan for 69-Story Project in Jersey City

by Lynn Peisner

JERSEY CITY, N.J. — Newmark has arranged a $277 million construction loan for Urby and Rockpoint, the developers behind 201 Hudson — by Urby, a 748-unit project planned in the Paulus Hook neighborhood along the Jersey City waterfront. Truist was the lender. Newmark’s Jordan Roeschlaub, Chris Kramer, Holden Witkoff and Jack Fenton arranged the financing. The development site is located at 201 Hudson St. and represents the second phase of Urby’s three-tower waterfront residential development. Upon completion, the 69-story tower will include 748 apartments — in studios, one-, two- and …

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Robinwood-Annapolis
Affordable HousingDevelopmentMarylandNewsNortheast

First Phase of $105.8M Annapolis Public Housing Redevelopment to Include 58 Units

by Lynn Peisner

ANNAPOLIS, MD. — A $105.8 million redevelopment of the 150-unit Robinwood public housing community is moving forward with plans for 58 new apartments, renovated townhomes, new seniors housing and expanded community amenities. The developers are Community Housing Partners (CHP), a Virginia-based affordable housing developer, and the Housing Authority of the City of Annapolis (HACA). Additional stakeholders include the City of Annapolis, Anne Arundel County, the State of Maryland and the U.S. Department of Housing and Urban Development (HUD). Robinwood was built in 1970 as a public housing community and today …

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59-Bogart-Brooklyn
Investment SalesNew YorkNewsNortheast

CBRE Arranges $30M Sale of Brookly Property

by Lynn Peisner

NEW YORK CITY — CBRE has brokered the $30 million sale of 59 Bogart Street, a 51-unit building located in the East Williamsburg section of Brooklyn. The CBRE team of Robert Shapiro and Ian Brooks represented the seller and procured the buyer in the transaction. The property sits above the Morgan Avenue L train station and includes one-, two- and three-bedroom loft-style units. Amenities include in-building laundry, a lounge, fitness center, bike room, roof deck with a barbecue area and communal outdoor spaces.

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Tandem-Providence
Affordable HousingDevelopmentNewsNortheastRhode Island

Pennrose Completes Tandem, a Rhode Island Mixed-Income Community

by Lynn Peisner

PROVIDENCE, R.I. — Pennrose has completed and opened Tandem, the second of a two-phase project in the Fox Point neighborhood of Providence. Along with its sister property, Tempo, which opened in 2025, Tandem completes Pennrose’s redevelopment of Parcel 9, one of the sites created when a stretch of Interstate 195 was relocated in 2009 and former highway land was opened for redevelopment in Providence. Partners on the 9 percent Low-Income Housing Tax Credit project included 195 District, a redevelopment agency; the City of Providence; Webster Bank; RIHousing and several more. …

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Evergreen-East-Fairport
Affordable HousingDevelopmentNewsNortheast

WinnCos. Completes $86M Affordable Housing Redevelopment in Upstate New York

by Lynn Peisner

FAIRPORT, N.Y. — WinnCos. has completed the $86 million redevelopment of Evergreen East, a 508-unit affordable housing community in Fairport. Originally constructed between 1972 and 1976 by the New York State Urban Development Corp. (UDC), the property, formerly known as the Pines of Perinton Apartments, was added to the National Register of Historic Places in January 2023. It was noted as an example of UDC’s suburban housing program, which sought to address post-World War II housing shortages with low-density, mixed-income apartments outside urban centers. The property is about 10 miles …

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