CPC Provides $1.156M to Fund Rehab of Two Apartment Buildings on Harlem’s Historic Astor Row

60-62 West 130th Street
(part of Astor Row in Central Harlem)

CPC continues to improve the quality of housing in Central Harlem with a $1.156M construction loan for the substantial rehab of two attached 19^th century three-story brick walk-up buildings on the south side of West 130^th Street between Lenox and Fifth Avenues.  Part of the 28 semi-attached row houses known as Astor Row, designated as a historic landmark by the NYC Landmark Preservation Commission in August, 1981, the project will also benefit from $330,000 in HPD funds under its Preservation Participation Loan (PLP) Program. 

Upon completion, each building will contain two two-bedroom apartments and one three-bedroom duplex garden apartment.  Below market monthly rents for the improved apartments will be 130% of the area median income (AMI) at $2.247 for the two-bedroom apartments and $2,592 for the three-bedroom duplexes.

To date, CPC has committed construction and permanent financing for over 7,000 units in Central Harlem.

To finance your project in Harlem, please contact Bruce Dale at (718) 601-6600.