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Follow on Google News | Northeast Brooklyn Housing Development CorporationProject Title: Vernon Avenue Condominiums Location: 119-125 Vernon Avenue between Tompkins and Marcy Ave
By: Johnson Edman Advertising, Inc The main entrances for each building face Vernon Avenue. Each building will have (8) eight residential condominium units totaling sixteen (16) units and consist of fourteen (14) two-bedrooms with an average square footage of 781 to 801 square feet and two (2) one-bedrooms with an average of 601 square feet; on-site laundry room and individual storage areas for each owner on the lower level of the building. NEBHDCO future goals are to promote a “Greener” Bedford-Stuyvesant neighborhoods so they added approximately two-thousand and fifty-nine (2,059) square feet of landscaping will be provided; from the property line of each building’s entrance a decorative gate and passive landscaping will be installed along the frontage of the property as a buffer. The project’s prices for the homes will be affordable ranging from 96,000 for a one-bedroom to $374,000 for a two-bedroom. Project financing will be private unsubsidized financing utilizing a cross-subsidy approach to maintain affordability and a real estate tax abatement on the land as a result it will reduce the buyers/owners overall real estate tax . Construction of the Vernon Avenue Condominiums will begin this summer 2008 with a completion date project will be spring 2010. The community views the project as a positive addition toward increasing homeownership and addressing the housing needs of middle-income households in the Bedford-Stuyvesant neighborhood. For Information Contact: Jea Edman Johnson Edman Advertising, Inc One Rockefeller Plaza 11th Floor New York, NY 10020 (646) 409-3515 service@johnsonedman.com End
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