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Heritage Affordable Communities' Major Growth in the Affordable Housing Space
In the past few months, HAC has created a deep pipeline of affordable housing properties nationwide requiring various different strategies. HAC's pipeline involves...
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HERITAGE AFFORDABLE COMMUNITIES RECEIVES ARTICLE XI FOR HARLEM PROPERTY
Heritage Affordable Communities has recently closed on the acquisition of a 33-unit affordable housing property located at 246 West 116th Street
in Central Harlem, Manhattan. The property consists of 32 residential units and one commercial space.The Developer was able to work with the local
council to get an Article XI Tax Exemption for 40 years...
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UPPER MANHATTAN, BRONX MULTIFAMILY PORTFOLIO TRADES FOR $60M
A trio of families sold a portfolio of multifamily buildings in the Bronx and Upper Manhattan they had owned for...
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MULTIFAMILY MARKET IN BK, QUEENS REBOUNDS
The multifamily market bounced back in Brooklyn, and Queens but stayed in the red in Manhattan. The total dollar volume...
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MACQUESTEN DEVELOPMENT SELLS HARLEM APARTMENT BUILDINGS FOR $22.6M
Affordable housing developer Macquesten Development has sold two Harlem residential buildings for $22.6 million. Photo via Macquesten Development's website The...
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HAJIBAY OF HERITAGE REALTY HANDLES $22.6 MILLION TWO-BUILDING PORTFOLIO ACQUISITION IN MANHATTAN; BERKADIA ARRANGES $15.13 MILLION LOAN
Manhattan, NY According to Heritage Realty, Alex Hajibay, principal, has completed the acquisition of a two-building portfolio for $22.6 million. The...
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ON THE SCENE: THIS WEEK'S MIDDLE MARKET SALES & EXCLUSIVES
Sitex Group has acquired a vacant warehouse located at 310 Paterson Plank Rd. in Carlstadt, NJ, from a private investor. The 30,000 s/f warehouse is located...
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ON THE SCENE: THIS WEEK'S MIDDLE MARKET SALES & EXCLUSIVES
Bronx, NY Alex Hajibay, principal of Heritage Affordable Communities, has acquired a 47-unit affordable housing property. Hajibay purchased the 47-unit new construction affordable housing building at 425 Claremont Parkway for $5 million
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HERITAGE AFFORDABLE COMMUNITIES ACQUIRES BRONX PROPERTY FOR $10.8M
Bronx, NY Alex Hajibay's Heritage Affordable Communities acquired a 70-unit property for $10.8 million. The property located at 1971 Webster Ave. was constructed in 2003. MacQuesten Development was the seller.
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GREYSTONE PROVIDES $17.5 MILLION IN FANNIE MAE DUS FINANCING FOR AFFORDABLE HOUSING PORTFOLIO ACQUISITION IN NEW YORK CITY
Greystone, a leading national commercial real estate finance company, has provided a total of $17,573,000 in Fannie Mae Delegated Underwriting and Servicing (DUS®) loans for the acquisition of two multifamily properties totaling 151 units in New York City.
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HERITAGE AFFORDABLE COMMUNITIES ACQUIRES TWO PROPS
Yonkers, NY Alex Hajibay's Heritage Affordable Communities acquired an 88-unit property for $15.7 million. The property, located at 34 Highland Ave., was constructed in 2009
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