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Maddd Equities Bringing Affordable Condos to Central Harlem
A 73-unit affordable mixed-use condominium will be constructed at 132 E. 125th St. at Lexington Avenue, bringing homeownership opportunities to central Harlem. Developed by Maddd Equities and designed by Aufgang Architects, the 13-story building will include 7,000 square feet of ground-floor retail space and 45,000 square feet of medical offices.
“The new condo will feature larger apartments than usually found in new affordable residential construction in Manhattan, as well as an array of energy-saving and environmentally sustainable features,” said Ariel Aufgang, principal of Aufgang Architects. “The new Harlem condo will provide residents with many appealing amenities.”
The development will meet Homeownership Program guidelines from the New York City Department of Housing Preservation and Development for affordable condos, which calls for larger units than other programs. The units will be approximately 100 square feet larger than other HPD affordable programs.
- ◦Development
