180-Unit Multifamily Development at 33-35 West 125th Street, Harlem
Sector: Education • Location: New York, United States
Source: The Real Deal
The Irgang Group and Pramukh Realty secured a $70 million construction loan from Dwight Mortgage Trust for a multifamily project in Harlem. The development includes 180 residential units ranging from studios to two-bedroom apartments, 17,000 square feet of commercial space, and amenities such as a fitness center, rooftop terrace, and library. The project is eligible for a 35-year tax abatement und
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Participants
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Status
Original status | planned |
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Description
Description | The Irgang Group and Pramukh Realty secured a $70 million construction loan from Dwight Mortgage Trust for a multifamily project in Harlem. The development includes 180 residential units ranging from studios to two-bedroom apartments, 17,000 square feet of commercial space, and amenities such as a fitness center, rooftop terrace, and library. The project is eligible for a 35-year tax abatement under the lapsed 421a program due to 30% affordable housing units. Construction is expected to begin in 2026. |
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Original Currency | USD |
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Source
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Data quality score | 100% |
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