OLR ECW Apartments is located in Bronx, New York. The
property consists of 119 units in three buildings. Omni New York LLC acquired
the property in November, 2010 with financing provided by New York City Housing
Development Corporation (HDC) and New York City Department of Housing
Preservation and Development (HPD). HDC provided financing through the issuance
of tax exempted bonds and HPD provided low-income housing tax credits and
low-interest mortgage loans.
Approximately $11.6 million dollars of building renovation
was performed and completed in June, 2012. The scope of work included converting
steam boilers to high efficiency condensing boilers, new gas service, new
plumbing, new roofs, new windows, façade repair and pointing, and upgrading the
lobby areas and elevators. Renovation within the apartments included new
kitchen cabinets, energy star appliances, light fixtures, painting, new flooring,
smoke and carbon monoxide detectors, and new bathrooms including medicine
cabinets, vanities, low flow toilets, tubs, and faucets. A DVR security system
with 112 security cameras was installed throughout the complex.