[Tiffany Apartments]
Affordable, permanent housing for homeless and others opens in Foxhurst
By Alex Mitchell, Bronx Times
December 16, 2020
A new housing development for homeless individuals and others is coming to the south Bronx this week. Property Resources Corporation and Camber Property Group announced that the 100 percent affordable Tiffany Street Apartments at 975 Tiffany St., which are now open with a wide variety of unit types for different family sizes from studios to three-bedroom apartments…
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[General]
Affordable housing developers look to feds for financing fix
By Kathryn Brenzel, The Real Deal
December 8, 2020
For an affordable housing project in Brooklyn, a small change to a federal affordable housing program could mean a difference of $7 million. The project, a 128-unit apartment building planned for 1601 DeKalb Avenue, is not alone. The value of the Low Income Housing Tax Credit program, which has helped finance more than 3 million apartments since it was created in 1986, hinges on interest rates set by the Treasury Department…
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[Brookhaven]
Camber acquires affordable Bronx properties for $32M
By Real Estate Weekly
November 20, 2020
Camber Property Group has partnered with non-profit developer the Settlement Housing Fund to purchase the Brookhaven Apartments in Mott Haven for $32M. The seller was Brook & Brown Partnership (Omni as sponsor). Gene Levental, SVN Affordable, brokered the sale…
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[Brookhaven]
Affordable Housing Developers Buy 92-Unit Bronx Portfolio for $30M
By Nicholas Rizzi, Commercial Observer
November 19, 2020
Affordable housing developers Camber Property Group and the Settlement Housing Fund (SHF) have teamed up to buy a 92-unit apartment portfolio in the Bronx for $29.5 million, property records show…
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[Willows]
Salem Lafayette gets a New Landlord with New Ideas
By Aaron Morrill. Jersey City Times
November 9, 2020
Last week the Salem Lafayette houses in Bergen Lafayette got a new owner, Camber Property Group. Self described as “an emerging leader in New York City mixed income and workforce housing development,” I seized on the opportunity to interview its Principal, Rick Gropper and find out what all the fuss was about. Affordable housing is as hot a topic as there is in Jersey City…
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[Willows]
Property Group Purchases 9-Building Apartment Portfolio for $21.5 Million
By Hoboken Girl
November 9, 2020
In a press release from November 2nd, Manhattan-based firm Camber Property Group announced the purchase of the nine-building Salem Lafayette Apartment portfolio for $21.5 million…
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[Willows]
Camber Makes First New Jersey Acquisition
By Connect New York
November 3, 2020
Camber Property Group has purchased the nine-building Salem Lafayette Apartment portfolio in Jersey City’s Bergen-Lafayette neighborhood for $21.5 million. It’s the Manhattan-based firm’s first acquisition in New Jersey…
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[Willows]
Camber makes nine-building Jersey City acquisition for $21.5M–its first in NJ
By Linda Lindner NJBiz
November 2, 2020
Camber Property Group said Monday it purchased the nine-building Salem Lafayette Apartment portfolio in Jersey City for $21.5 million—the Manhattan-based firm’s first acquisition in New Jersey. The 74-unit, 100 percent project-based Section 8 portfolio includes 21, 25, 27, 31 and 33 Monticello Ave.; 4 and 8 Madison Ave.; and 834 and 838 Grand St…
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[Willows]
Camber jumps into NJ affordable housing market
By Real Estate Weekly
November 2, 2020
Camber Property Group has purchased the nine-building Salem Lafayette Apartment portfolio for $21.5 million – the Manhattan-based firm’s first acquisition in New Jersey. The 74-unit, 100 percent project-based Section 8 portfolio includes 21, 25, 27, 31 and 33 Monticello Avenue; 4 and 8 Madison Avenue; and 834 and 838 Grand Street. As part of the purchase Camber will preserve and extend the portfolio’s affordability for an additional 20 years and implement a comprehensive capital improvement plan for the properties…
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[Willows]
Workforce housing developer, investor acquires Jersey City portfolio for $21.5 million
By Joshua Burd, Real Estate NJ
November 2, 2020
A firm that specializes in mixed-income and workforce housing is expanding to New Jersey, acquiring a nine-building, 74-unit portfolio in Jersey City for $21.5 million. Camber Property Group, which is based in Manhattan, said it would embark on extensive renovations after closing on what it calls the Salem Lafayette Apartments portfolio. As part of the purchase, which it announced Friday, the firm will preserve and extend the portfolio’s project-based Section 8 affordability for an additional 20 years…
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[Soundview]
Developer unveils massive expansion for housing complex in Soundview
By Jason Cohen, Bronx Times
September 28, 2020
Camber Property recently unveiled its proposal to expand a housing complex in Soundview and add six more buildings of affordable housing to the property. Stevenson Commons at 755 White Plains Rd. currently has 948 apartments, but the developer responsible for the project is hoping to develop 735 more…
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[Bronx Park Haven]
Developer reveals plans to build new supportive housing in the west Bronx
By Jason Cohen, Bronx Times
September 10, 2020
Camber Property Group continues to develop affordable homes in the Bronx. On Sept. 3, the company filed permits to build supportive housing in Mount Hope. The plans call for the construction of an 11-story building at 1978 Valentine Ave. Currently, it is an empty lot adjacent to 2000 Valentine Ave., which is also part of Camber…
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[Soundview]
Six-Building Expansion Proposed For Stevenson Commons At 755 White Plains Road In Soundview, The Bronx
By Sebastian Morris, New York Yimby
September 8, 2020
Proposals from Camber Property Group reveal a massive expansion of Stevenson Commons, a mixed-income residential complex in the Soundview section of The Bronx. If approved by New York City’s Department of City Planning, the expansion will establish six new buildings with a sizable portion of residences reserved for senior demographics…
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[Bronx Park Haven]
Permits Filed For 1978 Valentine Avenue In Mount Hope, West Bronx
By Vanessa Londono, New York YIMBY
August 27, 2020
Permits have been filed for an 11-story mixed-use building at 1978 Valentine Avenue in the Mount Hope section of the West Bronx. Located between East 178th Street and East 180th Street, the through lot is also addressed as 2000 Valentine Avenue…
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[The Strand]
Camber, Valyrian Launch Leasing at Newly Completed MXU
By Connect New York
August 5, 2020
Camber Property Group and Valyrian Capital said Tuesday that leasing has begun for 132 residences at The Strand, a newly completed mixed-use development at the intersection of Brooklyn’s Bushwick neighborhood and Ridgewood in Queens. Leasing at The Strand, located at 178 Woodward Ave. a.k.a. 10 Troutman St., is being handled by Corcoran New Development…
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[The Strand]
Leasing launches at The Strand, amenity-rich new Ridgewood rental
By CityRealty Staff, CityRealty
August 4, 2020
Leasing has begun at The Strand, a new mixed-use development at 178 Woodward Avenue, developed by Camber Property Group and Valyrian Capital, and designed by Aufgang Architects. Virtual tours are available; for those who like what they saw online and want to visit in person, masks are required and hand sanitizing stations are on-site…
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[Tiffany Street Apartments]
Camber Property Group opens lottery for 161-unit building in Longwood
By Jason Cohen, Bronx Times
July 6, 2020
The lottery for 126 newly constructed affordable housing units in Longwood opened on Thursday. The Tiffany Street Apartments, located at 975 Tiffany St., include a wide range of unit types, from studios to one-, two- and three-bedroom apartments. The building is a mixed-income development with apartments affordable to residents earning a wide spectrum of incomes between 27 percent of the Area Median Income (AMI) up to 80 percent AMI. Nearly 25 percent of the building will be set-aside for formerly homeless individuals and families…
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[Tiffany Street Apartments]
Lottery opens for 126 affordable apartments in the Bronx’s Longwood, from $471/month
By Devin Gannon, 6sqft
July 2, 2020
A housing lottery launched this week for 126 affordable and moderate-income apartments in the Bronx neighborhood of Longwood. Located at 975 Tiffany Street, the rental features a fitness center, a community facility, bike storage, and a laundry room. Qualifying New Yorkers earning 30, 40, 50, 60, and 100 percent of the area median income can apply for the apartments, ranging from a $471/month one-bedroom to a $1,200/month three-bedroom…
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[Victory Plaza]
Camber Opens Lottery for Central Harlem Senior Units
By Connect New York
June 30, 2020
The housing lottery for 94 newly constructed affordable senior housing units at Victory Plaza in Central Harlem has opened. Located at 11 W. 118th St., the Camber Property Group project is 100% affordable, with 136 units including 41 set aside for formerly homeless seniors…
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[Victory Plaza]
Lottery opens for 94 affordable senior apartments in the heart of Harlem
By Devin Gannon, 6sqft
June 29, 2020
A lottery has opened for 94 affordable units for seniors at a new building in Harlem, with 41 of the units for formerly homeless seniors. Victory Plaza, located at 11 West 118th Street, is a 100 percent affordable building developed jointly by Camber Property Group, the Harlem Congregations for Community Improvement, and New York City…
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[Victory Plaza]
Harlem Congregations For Community Improvement, HPD And CPG Open Lottery For Affordable Senior Building
By Harlem World Magazine
June 29, 2020
Camber Property Group, Harlem Congregations for Community Improvement (HCCI), New York City Department of Housing Preservation & Development (HPD) and the New York City Housing Development Corporation (HDC) announced today that the housing lottery for 94 newly constructed affordable senior housing units at Victory Plaza in Central Harlem has opened…
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[General]
Camber, Belveron Close on $90M Brooklyn MF Portfolio
By Connect New York
June 11, 2020
Camber Property Group and Belveron Partners closed on a portfolio of 384 affordable housing units across eight buildings in Flatbush, Brooklyn, representing an investment of nearly $90 million. The team partnered with the New York City Department of Housing Preservation and Development to commit a rent-stabilized and free-market portfolio to affordable housing…
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[General]
These Were the Top Outer-Borough NYC Real Estate Loans in May – The Real Deal
By Eddie Small, The Real Deal
June 10, 2020
Merchants Bank of Indiana lent Camber Property Group $65.6 million for its purchase of eight affordable housing properties in Flatbush. The buildings are located on Linden Boulevard, East 21st Street, East 18th Street and Ocean Avenue. They span about 451,000 square feet and contain 384 residential units overall, according to PincusCo. Camber spent roughly $82 million on the properties and plans to keep all of the residential units affordable.
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[General]
Camber, Belveron close on $90M multifamily buy
By Linda O’Flanagan, Real Estate Weekly
June 10, 2020
Camber Property Group and Belveron Partners have closed on a portfolio of 384 affordable housing units across eight buildings in Flatbush, Brooklyn, for nearly $90 million. The team partnered with the New York City Department of Housing Preservation and Development to commit the entirety of what was a rent stabilized and free market portfolio to affordable housing…
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[General]
Merchants Bank of Indiana Lends $66M in Brooklyn Affordable Housing Buy
By Cathy Cunningham, Commercial Observer
June 10, 2020
Camber Property Group and Belveron Partners have closed on their purchase of a $90 million affordable housing portfolio in Flatbush, Brooklyn, the developers told Commercial Observer. Merchants Bank of Indiana provided $66 million in acquisition financing in the deal. The eight-building portfolio includes 384 units. The transaction preserves all of the units’ affordability for 30 years, and 50 units within the portfolio will have permanent affordability protections…
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[General]
Big city real estate groups commit funding, assistance to struggling tenants
By Janaki Chadha, POLITICO
May 14, 2020
A group of real estate developers and property owners have invested $4 million in a fund to assist those on the verge of homelessness, in advance of an anticipated surge in housing court cases when the state’s eviction moratorium ends this August.
The philanthropic fund, to be run by Enterprise Community Partners, will be distributed among housing and homelessness nonprofit organizations and put towards tenant counseling and other anti-eviction services. Several of the city’s biggest landlords and developers are involved in the effort, including the Related Companies, the LeFrak Organization and A&E Real Estate Holdings…
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[Community]
Camber gives Wi-Fi hot spots to Bronx residents
By Jason Cohen, Bronx Times
May 4, 2020
As millions of New Yorkers are shuttered at home during the COVID-19 crisis, access to the internet for socialization, school and work is crucial. But for many people, that is not an option. Realizing this is a reality for far too many, Camber Property Group has worked to provide support to its residents during the pandemic, both through technology and direct outreach…
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[The Strand]
New NYC apartments for rent: Spring 2020
By Amy Plitt, Curbed NY
March 10, 2020
Spring is just around the corner, which can only mean one thing: New York’s real estate market is about to pick up, and quickly. And of course, that can only mean one thing for real estate aficionados: It’s time to look at the rentals that will be hitting New York’s real estate market in the next few months….
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[913 Tremont]
Camber, Westhab Line Up Financing for Bronx Supportive Housing
By Connect New York
January 6, 2020
Camber Property Group (CPG) and Westhab Inc. recently closed on financing for the construction of 913 E. Tremont Ave., a supportive and affordable residential rental building in the Bronx’s West Farms neighborhood. The $50-million project will be funded through tax-exempt bond financing, tax credit equity provided by Wells Fargo, and public subsidies from state housing agencies…
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[913 Tremont]
Camber, Partner Land $50M Loan for Bronx Supportive Housing
By Jackson Chen, Multi-Housing News
January 3, 2020
Camber Property Group and Westhab have secured approximately $50 million in financing to build a supportive housing development in the Bronx. The project has already begun construction and is expected to be completed by late 2021…
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[913 Tremont]
Camber, Westhab Land $46M in Financing for Bronx Supportive Housing Project
By Mack Burke, Commercial Observer
January 2, 2020
As part of an effort to help tackle New York’s affordable housing shortage, Camber Property Group and affordable housing nonprofit Westhab have sealed over $46 million in financing for a planned affordable and supportive housing rental development at 913 East Tremont Avenue in the West Farms neighborhood in the Bronx…
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