Project Description
HPD, through its Third Party Transfer (TPT) Program, intends to facilitate the disposition through the accelerated Urban Development Action Area Project (UDAAP) process, of one City-owned residential property, located at 157 West 122nd Street in the Harlem neighborhood of Manhattan (Block 1907, Lot 8), to the project sponsor, MLG 904 Development LLC, who will undertake rehabilitation at the property to provide four (4) dwelling units. The disposition and rehabilitation is being done in conjunction with two (2) additional privately-owned properties in Harlem, located at 23-27 West 119th Street (Block 1718, Lot 27) and 244 Lenox Avenue (Block 1721, Lot 3). These two (2) properties were acquired in 2011 by Neighborhood Restore Housing Development Fund Corporation (NRHDFC) through the TPT Program. These two (2) properties will be sold to the project sponsor simultaneously with the disposition of the City-owned property identified above, and will undergo rehabilitation to provide thirty-three (33) dwelling units. The project sponsor will request real estate tax benefits under §11-243 (§J-51-2.5) of the City Administrative Code and the Sponsor will enter into a Regulatory Agreement for the length of the tax benefit to ensure affordability in the project. All three buildings are contributing buildings within the State/National Register of Historic Places (S/NR)-listed Mount Morris Park Historic District; while the building at 244 Lenox Avenue is also located within the New York City Landmarks Preservation Commission (LPC)-designated Mount Morris Park Historic District, and the building at 157 West 122nd Street is located within the LPC-designated Mount Morris Park Historic District Extension. The proposal is therefore considered a Type I action under CEQR.
