Park and Elton Apartments
Park and Elton Apartments will consist of 38 units of moderate income housing on two sites in the Melrose neighborhood of the Bronx. The sites were originally awarded by HPD as part of the New Foundations Program.
Park and Elton Apartments will be affordable to households earning up to 80% and 90% of AMI. Financing sources will include a mix of conventional debt, HPD Neighborhood Construction Program (NCP) subsidy, and equity.
The features include, Energy Star appliances and lighting, high efficiency plumbing fixtures and high‐quality durable concrete plank and masonry bearing wall construction. Each building will have a welcoming, well-lit lobby and elevator. A laundry room for exclusive use of the residents will be located in each building.
The street facades are designed as brick with stone lintels and sills at the upper floors, and decorative masonry along the sidewalk. There are curbside trees and landscaping at the buildings. The construction will include sustainable design elements and will be equivalent to a LEED certified building.
Residential: Affordable Housing
Xenolith Partners LLC
Total Development Cost
3120 Park Avenue, 451 East 159th Street, Bronx, NY
Construction Start January 2018
38 residential units in two newly constructed apartment buildings