Update Property - GREENE PARK ARMS

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Property Description:: Located across from Herbert Von King Park in Brooklyn’s Bedford-Stuyvesant neighborhood, the 84-unit Greene Park Arms provides affordable housing for families receiving Section 8 rental assistance through the U.S. Department of Housing and Urban Development. When Parkadon assumed management in 1991, the development was suffering from deferred maintenance and serious operational neglect. Following a comprehensive safety and critical needs assessment, Parkadon initiated extensive renovation of all apartments and common areas. Since then, Parkadon has continued to invest in full-scale upgrades, including extensive masonry repairs, window replacement building-wide and installation of modern elevators. Parkadon has aligned the building with current safety measures and environmental regulations to make Greene Park Arms energy efficient, including utilizing environmentally-conscious materials and converting the heating system from fuel oil to gas to reduce the building’s carbon footprint. Today, Greene Park Arms continues to be owned and managed by Parkadon and is a sustainable, desirable residential building in the heart of its diverse urban community.
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