Park Lake Apartments are located in the Town of Hempstead in Nassau County, New York. The property consists of 240 units of affordable housing. This previously distressed property was acquired by Omni New York LLC in December 2005 through financing provided by a combination of Town of Hempstead Industrial Development Agency bonds and New York State Division of Housing and Community Renewal Low Income Housing Tax Credits.
Rehabilitation took place throughout 2006. Improvements include the painting of apartments, upgrading of the kitchens and baths, new flooring, upgrading of plumbing and electric fixtures in the apartment interiors, new roofs, new porticos, new entrance doors, improved common areas, brick pointing, landscaping, repaving of the parking lots, an extensive DVR security camera system consisting of 150 cameras throughout the property and keyless entry installed at the main entrances.