Question 1

What are the key details for the project “Ocean Park Apartments Acquisition and Preservation”?

Accepted Answer

The project “Ocean Park Apartments Acquisition and Preservation” is an infrastructure initiative in the Residential sector, located in Far Rockaway, New York, United States. Taiyo aggregates data on it from QNS.

Question 2

What is the latest status of the project “Ocean Park Apartments Acquisition and Preservation”?

Accepted Answer

The status recorded for “Ocean Park Apartments Acquisition and Preservation” is under construction.

Question 3

Who are the main government, EPC, and private stakeholders for “Ocean Park Apartments Acquisition and Preservation”?

Accepted Answer

Taiyo maps the stakeholders of “Ocean Park Apartments Acquisition and Preservation”: banks/investors (Merchants Bank).

Question 4

What is the budget and commercial profile for the project “Ocean Park Apartments Acquisition and Preservation”?

Accepted Answer

Taiyo normalizes the budget of “Ocean Park Apartments Acquisition and Preservation” to USD 60500000.

Question 5

Where can I verify the source and access all details for “Ocean Park Apartments Acquisition and Preservation”?

Accepted Answer

This Taiyo project page references QNS along with the original URL (https://qns.com/2025/07/60-5-million-loan-ocean-park-apts-far-rockaway/). Taiyo standardizes official data into a consistent, searchable project profile.

Original status	under construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Description	The project involves the acquisition and preservation of Ocean Park Apartments, an affordable housing community with 602 units in Far Rockaway. The financing secured will stabilize and extend the affordability of the units, prevent rent increases, and cover critical repairs including structural repairs, waterproofing, window weatherization, and energy-efficient improvements. Renovation work began in May 2025 and is expected to finish in 2026.
Original sector	Affordable Housing
Budget

Record type	Project
Sector	Residential
Article published date	2025-09-16

Ocean Park Apartments Acquisition and Preservation

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Country	United States of America (USA)
State	New York
City	Far Rockaway

Ocean Park Apartments Acquisition and Preservation

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