These projects supported more than 1,500 construction jobs in addition to the retention and creation of more than 150 permanent jobs.
Levy previously served as Senior Vice President of Homeownership and Community Development at Homes and Community Renewal (HCR), New York State’s affordable housing agency.
In a third transaction, an existing 76-unit development completed about six years ago has a new owner.
In the first quarter, the Northeast performed best in both sales and price gains by percentage.
Nguyen is a local Realtor with more than 20 years of experience.
The most commonly staged rooms by home sellers’ real estate agents were the living room (91%), primary bedroom (83%) and dining room (69%).
The project, which will cost an estimated $750 million, will be financed through a combination of a $500-million Dormitory Authority of the State of New York bond, philanthropy and equity from operating expenses.
According to the CBRE report, Manhattan’s supply of properties undergoing conversions have a median age of 68 years.
The Make-A-Wish donation will be presented at the Foundation’s May 15 “Dancing for the Foundation” event at the Glen Island Harbour Club in New Rochelle.
The average mortgage rate was 6.65% in March, down from a 6.96% average in January and down from a 6.84% average in February.
Encore was developed by Cappelli Development and built by its affiliate, LRC Construction.
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