Hunts Point Apartments is located in the Bronx, NY.
Hunts Point Peninsula Apartments is a 5 building, 165 unit family property located in the Hunts Point neighborhood of the Bronx. Omni New York LLC acquired the property in June 2015 with financing provided by the New York City Housing Development Corporation (“HDC”), the New York City Department of Housing Preservation and Development (“HPD”), and Citibank. HDC provided financing through the issuance of tax-exempt bonds that were supported by mortgage insurance from Fannie Mae. HPD provided low-income housing tax credits and Citibank provided subordinate financing.
Over $8.7 million dollars was spent on the building renovation that was completed in mid- 2016. The building scope of work included the repair and upgrade of boilers, new roofs, new energy efficient windows, vestibule and lobby modernization, and new energy efficient light fixtures. In-unit improvements included new energy saving light fixtures, Energy Star appliances, painting, new flooring, and new bathroom upgrades including low-flow toilets, vanities, medicine cabinets, tubs and faucets. The security system at the property was also completely overhauled with the installation of nearly 200 DVR surveillance cameras and a keyless access control system for building entry. Energy upgrades were completed as a part of the Enterprise Green Communities program and funding was provided by the New York State Energy Research and Development Authority ("NYSERDA").