Good Neighbor Apartments is located in the East Harlem neighborhood of New York City. The property consists of 118 units in five apartment buildings. Omni New York LLC acquired
the property in December 2010 with financing provided by the New York City Housing Development Corporation, through the issuance of tax-exempt bonds. The New York City Department of Housing, Preservation and Development provided as of right,
4% Low Income Housing Tax Credits.
Over $3.2 million dollars was spent on the building renovation that was completed in late 2011. The rehabilitation followed Enterprises’ Green Community standards, with a particular focus on improving the energy efficiency of the buildings and units. The scope of work included renovating the hallways and elevators,
replacing and upgrading building mechanics, new roofs and doors and upgrading boilers. Additionally, in-unit capital improvements included the installation of new floors, painting, windows, kitchen cabinets, appliances, countertops, fixtures, bathroom vanities, sinks, faucets, bath tubs and tiles. The security system at the property was also completely overhauled with the installation of approximately 120 DVR surveillance cameras.