Peter Fine eyes $70M for SoBro rental
Peter Fine, once the city’s biggest affordable housing developer, is looking to sell one of his South Bronx buildings for $70 million. Fine’s Atlantic Development Group has put the 419-unit building at 105 Willis Avenue in Mott Haven up for sale. The 476,000-square-foot building is “located at the cornerstone of the rapidly evolving Mott Haven submarket, a neighborhood defined by a historic surge in large-scale residential development, trendy waterfront parks, and an expanding retail landscape,” according to a listing at Ariel Property Advisors. Of the 419 apartments, 141 are backed by housing vouchers, and the property has an agreement (known […]
This article originally appeared on The Real Deal. Click here to read the full story.
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