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November 2, 2016 By Xenolith

Park and Elton Apartments

Park and Elton Apartments

Park and Elton

Park and Elton Apartments will consist of 38 units of mixed-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 30% - 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.

Category

Residential: Affordable Housing

Developer

Xenolith Partners LLC +
D.P. Group General Contractors/Developers

Total Development Cost

$12 MM

Project Site

3120 Park Avenue, 451 East 159th Street, Bronx, NY

Status

Construction Completion
Spring 2021

Type

New Construction

Architect

GF55 Partners

Project Scope

38 residential units in two newly constructed apartment buildings

Leasing Information

Email: ParkEltonApts@gmail.com
Phone: 917-993-9900

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