Goodwill Apartments Sold

Goodwill Apt

Jonathan Rose Cos., has purchased the former Goodwill property at 27th ave and 4th st on Hallets Peninsula for 35 million.

“We have come up with a program to protect current tenants,” advised Nathan D. Taft, managing director of acquisitions, for Jonathan Rose Cos. The property is a Mitchell-Lama property

The purchase of the 202-unit Goodwill Terrace Apartments has below-market rents along with a tax exemption.

Jonathan Rose will renovate for new common spaces for tenants, plus new lobby and energy-efficiency in the apartments.

“We use energy models and audits to see how the building is performing and design the program around that,” Taft explained.

The project at 4-21 27th Ave. at 9th Street in Queens. The wide, 15-story building of 136,000 square feet is on a huge L-shaped lot surrounded by project parking.

share

Avatar

Mr. Khuzami has been a member of Community Board 1 in Astoria, NY for the last 20 years. He sits on the Zoning and parks Committees and is on the Executive Board. Previously, he served as Parks and Culture chair of Community Board 1 for eleven years and also chaired Capital and Expense priority Committee. He is a member of the Queens General Assembly and had been a panelist for grant submissions for the Queens Council on the Arts (QCA). Richard also is an officer of The Eastern Mediterranean Business Culture Alliance (EMBCA) and President of OANA.