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JV Acquires Bronx Affordable Housing Portfolio for $170M

The properties were purchased from Cammeby’s International Group for $166 million in addition to their existing debt.

Harlem River of the Bronx and Manhattan in New York City.

NEW YORK CITY – A joint venture between LIHC Investment Group, Belveron Partners and Camber Property Group have acquired an eight-building assemblage, dubbed the Bronx Park portfolio for $170 million. The properties were purchased from Cammeby’s International Group for $166 million in addition to their existing debt.

Properties include three phases, totaling 1,275 units. Phase one includes 408 units and eight commercial spaces located at 2111 Southern Blvd. and 800-820 E 180th St., phase two includes 536 units at 1880 Valentine Ave., 2000 Valentine Ave., 1985 Webster Ave., and 2100 Tiebout Ave., phase three consists of 331 units and two commercial spaces at 355-365 E 184th St. and 333 E 181st St.

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Mariah Brown

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.

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