560 Lenox Ave.
NEW YORK CITY- Fairstead Affordable has acquired HarlenHousing, a two-building, 214-unit affordable housing portfolio inCentral Harlem for $75.5 million. Ariel Property Advisors arrangedthe sale.
The property benefits from a HUD Project-Based Section 8contract for rental assistance and HPD Article 11 regulatoryagreement, a tax incentive for new construction or rehabilitationof affordable housing carried out by a Housing Development FundCompany, a corporation formed to build low-income housing.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
