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The New York City Housing Authority and its private-sector partners will undertake comprehensive repairs at three NYCHA complexes in Northern Manhattan

NYCHA, Partners Will Bring Three Northern Manhattan Properties Under Private Management

New York City Housing Authority (NYCHA) closed on the financing of a $137.6-million Permanent Affordability Commitment Together (PACT) project that will fund comprehensive repairs for more than 850 residents living across 557 apartments at Audubon Houses, Bethune Gardens, and Marshall Plaza in Northern Manhattan, bringing them under private management.  

The infusion of capital funding will enable the PACT partner team of Dantes Partners, Apex Building Group, Pyramid ETC Companies, and Faria Management to begin the work of fully rehabilitating the three campuses located in the Washington Heights and Sugar Hill neighborhoods. 

Residents will receive fully renovated apartments with new interior doors, windows, flooring, kitchen appliances, and baths; building interior and exterior grounds improvements; new energy-efficient windows; new trash compactors; and new security cameras. The three developments will also receive significant infrastructure upgrades. Construction will take place at the three NYCHA campuses over the next three years. 

Pictured: Marshall Plaza, currently and with proposed renovations.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
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