At Camber, we do what’s right.
Right for our residents. Right for our communities. And right for our partners.
Doing what is right isn’t always easy. But where others quit, we forge ahead. We are passionate. Determined. Relentless.
We have decades of experience and relationships in the housing industry. But it’s our purpose and perseverance that truly sets us apart.
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We pride ourselves on delivering on our promises. Our commitment ensures we exceed expectations every time.
We care deeply about the impact we have on all stakeholders. We are quick to respond. We show up when we are needed. We commit 100%.
We build strong local relationships to ensure that our projects meet the needs of our residents and the community.
We sustain neighborhoods by respecting the fabric of the community and the future of the planet.
We reinvest in our team, our communities and our residents to provide opportunities for everyone to grow alongside our company.
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We design and build to the highest standards to create properties that last many lifetimes.
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We undertake holistic renovations to transform existing buildings into places that residents are proud to call home.
By Lindsay Tanney | NEWS12 THE BRONX
March 4, 2025
The buildings will have common rooms, fitness centers, laundry and rooftops.
It’s called Stevenson Square, and the complex will have one building with 117 affordable units to rent for older adults 62 and up, and another two buildings with 58 co-ops for affordable homeownership. The buildings will have common rooms, fitness centers, laundry and rooftops.
Older adults looking to rent will have to earn 60% of the area median income.
The co-ops available to purchase will range from about $145,000 to $265,000.
Housing lotteries will be opening up this spring, and Camber Property Group expects residents to move in by the end of the year.
Once the three buildings are complete, three new ones will go up. The finished project will feature six affordable housing buildings with about 1,000 units.
Watch the full news clip here.
By Isabelle Durso | COMMERCIAL OBSERVER
January 8, 2024
Camber Property Group has closed on a massive deal to take over a large multifamily complex in East New York, Brooklyn, that tenants have said was in a state of disrepair, Commercial Observer has learned.
Camber has purchased the 11-building, 1,527-unit Linden Plaza apartment complex from Linden Plaza Preservation, an entity managed by RY Management, for nearly $1 billion, the developer said. The deal closed just before the new year.
“This was a historic transaction and one of the largest multifamily transactions,” Rick Gropper, founding principal at Camber, told CO. “This transaction allows all of the stakeholders in a public-private partnership to make real improvements to benefit the residents’ quality of life.”
The project has a total development cost of approximately $845 million, funded through financing from J.P. Morgan Chase, Merchants Capital, the New York City Housing Development Corporation (HDC), the New York City Department of Housing Preservation and Development (HPD) and Freddie Mac loans, the firm said.
No brokers were involved in the deal. Spokespeople for HPD, HDC, J.P. Morgan, Merchants Capital and RY Management did not immediately respond to requests for comment.
Located at 675 Lincoln Avenue southwest of Robert E. Venable Park, Linden Plaza was built in 1971 over a nine-block railyard using development rights from the Metropolitan Transportation Authority, according to Gropper.
But residents of the apartment complex reported dangerous living conditions in recent years, saying their apartments had mold, caving-in ceilings and leaky pipes. Despite repeated complaints, residents told News 12 that repairs were never made.
Camber is now planning to complete $400 million worth of improvements at the building, including new kitchens, bathrooms, common areas and HVAC upgrades.
Housing Opportunities Unlimited will assist residents looking for temporary relocation as their apartments are renovated, Camber said.
Camber and its partners also plan to bring “critical social services” to the property to support tenants, including mental health counseling, job training and financial literacy assistance, according to the developer.
“This [project] will allow us to provide critical services to the residents, as well as restore amenity spaces that they haven’t been able to use in many years and create a place they’re proud to call home,” Gropper said.
TRADED
December 20, 2024
Camber Property Group has teamed up with RiseBoro Community Partnership to develop 1601 DeKalb Avenue, a $75 million affordable housing project in Bushwick. The project will feature 127 new housing units and aims to address the growing demand for affordable housing in the area.
The topping out ceremony for the building took place on December 10, 2024. The development had to go through an extensive rezoning process, which was completed in 2018. This allowed the previously manufacturing-zoned lot to be designated for residential use. The rezoning effort involved collaboration with local officials, community stakeholders, and Brooklyn Community Board #4. The development team closed on the project in December 2023 and is targeting a Certificate of Occupancy (TCO) by January 2026.
1601 DeKalb Avenue will offer a variety of apartment types to accommodate different family sizes: 33 studios, 52 one-bedroom units, 24 two-bedroom units, and 18 three-bedroom units. The project includes 45 units funded by the NYC 15/15 program, which provides rental assistance and social services for young families. Rent affordability will range from 40% to 100% of the Area Median Income (AMI), with 50% of the units designated as permanently affordable.
The development will provide several on-site amenities, including property management and social services offices, 24/7 security, and laundry facilities. The marketing of affordable units will begin through the Housing Connect portal in mid-2025, with a 50% Community Board preference, and set-asides for mobility-impaired and vision/hearing-impaired individuals.
1601 DeKalb Avenue will be one of the most environmentally-friendly buildings in New York City. It will meet the Enterprise Green Communities Criteria, focusing on energy efficiency, reduced carbon emissions, and community health. The building will feature high-efficiency electric heating and cooling systems, ample bike storage, community rooms, and an open landscaped courtyard.
The building is conveniently located near public transportation, with easy access to the DeKalb Avenue stop on the L subway line and several bus routes. It is also within walking distance of Maria Hernandez Park and Grover Cleveland Playground, offering residents additional recreational options.
With this project, Camber Property Group continues to expand its affordable housing footprint in Brooklyn, where it currently owns nearly 1,000 affordable units in neighborhoods such as Prospect Park South and East New York.
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