Michelangelo Apartments

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Bronx, NY
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Michelangelo Apartments is the significant redevelopment of four high-rise towers consisting of 494 residential units, 50,000 square feet of retail space and an underground parking structure. The development was original financed and constructed in 1975 under the HUD Section 236 Program and New York State’s Mitchell-Lama Housing Program. The redevelopment meaningfully updated the unit interiors, common areas, exteriors and outdoor space while and also positively impacting the surrounding neighborhood. The studios, one-, two-, three-, and four-bedroom units are affordable to households with annual incomes up to 60% of AMI. Michelangelo Apartments was completed in 2019 and the buildings are now fully occupied.

$159.6 million
total development cost
gross square feet of residential space and 50,000 gross square feet of commercial space