The Medgar Evers Apartments are located in 701 Gates Avenue, Brooklyn, New York. The property consists of 315 units, spread across nine distinct buildings. The property also includes one commercial property that is currently home to a Head Start Day Care Facility. Omni New York LLC (“Omni”), working in concert with New York City Housing Development Corporation (“NYC HDC”) and New York City NYC Department of Housing Preservation and Development (“NYC HPD”), took over the General Partnership interest on March 11, 2011 from the previous owner and refinanced the property. NYC HDC issued tax-exempt bonds and provided a low-interest mortgage-loan and NYC HPD issued low-income housing tax credits to help finance Omni’s acquisition of the property. Medgar Evers also received subordinate financing through from the New York City Borough President’s Office.
Over $7 million dollars was spent on building renovations that were completed in April 2011. The scope of work included brick pointing and masonry repairs, roof patching and replacement, elevator repairs, electric and intercom upgrade, boiler and mechanical work, in unit repairs, and a DVR security system that includes approximately 250 additional security cameras.