Update Property - LAKEVIEW APARTMENTS

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Property Description:: Lakeview’s apartments are spread over four beige brick buildings ranging from 10 – 24 stories, that overlook Central Park in East Harlem. Lakeview was built in 1974 under the state’s Mitchell-Lama program and over time, became plagued by financial and physical distress, including widespread water infiltration and a mortgage that went unpaid for years. Since becoming involved at Lakeview, LIHC Investment Group has acted to stabilize the property and funded more than $20 million in capital improvements, including modernizing elevators; addressing Local Law 11 issues; repairing chronic leaks; installing a $1.5 million project-wide security camera system; replacing electric baseboard heaters, thermostats and transformers; and equipping all apartments with new kitchens and bathrooms. Common area hallways throughout the complex have been outfitted with hardwood floors, and the number of lobbies have been reduced from four to two to further enhance security. More than a thousand low-and moderate-income New Yorkers call Lakeview Apartments home—a significant percentage of which would otherwise face extreme difficulty finding safe and adequate housing in their neighborhood, and in Manhattan overall.
Bedrooms Available (Select all that applies:: 1 Bedroom 2 Bedrooms 3 Bedrooms 4 Bedrooms 5 Bedrooms
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