7 stories “10 Commerce project, by Manhattan-based BRP Development, will consist of 172 residential units; 117 one-bedrooms and 55 two-bedrooms. It will feature 157 parking spaces on the interior of the first two floors, with living spaces wrapping the garage. An outdoor courtyard will sit in the middle of the third level." LoHud, Developer: Breakthrough Real Estate, Architect: Humphreys & Partners
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Zone: D0-4
Project Videos HERE
News
- Resolution-Site Plan Approval (12/19/17)
- Resolution-Neg Dec (12/19/17)
- Resolution-Lead Agency (12/19/17)
- NRIDA Agenda Package (3/28/18)
- NRIDA Agenda Package (4/25/18)
- NR IDA Meeting Minutes 10/26/16
- NR IDA Meeting Minutes 12/21/16
- NR IDA Meeting Minutes 3/28/18
- NR IDA Meeting Minutes 4/25/18
- Skycore Builders
- Leasing information
- Humphreys & Partners Architects
- Greystar property link
- BRP Development
Project Information
Progress Gallery
Project Data*
Building
Studios: 53
1BR: 64
2BR: 55
3BR: 0
4BR: 0
Affordable: 17
Total: 172
Parking: 162
Stories: 7
Retail Space: 0 sqft
Occupancy
Students: 9
School: Trinity
Jobs
Permanent FT: 6
Permanent PT: 0
Dates
Planning Board Approval: 12/19/2017
IDA Approval: 4/25/2018
Constr. Start: 9/1/2018
Length: 25 months
Completion: 10/1/2020
Tax Incentives
Full Property Tax: $15,776,889
PILOT: $9,573,415
Owner Savings: $6,203,474
PILOT (yrs): 20
Mortgage Tax Exemption: $342511
Fair Share Mitigation: $251,243
Data Last Updated: 11/7/2018
*Data listed here is subject to change. FOIL/FOIA requests are pending to obtain any missing data. Some of these numbers are estimated. Data comes from city documents.
** GLOSSARY TERMS: "As Is" taxes are the taxes of the property before development. Full Property Taxes are the taxes of the property after development. PILOT means Payment in Lieu of Taxes, which is less than full property taxes. Owner savings is the property tax abatement in dollars and as a percent of Full Property Taxes. PILOT length is the number of years that the PILOT is in effect. Fair Share Mitigation (FSM) fees are monies collected by the City from the developer to cover future infrastructure needs. The school system gets approximately 2/3 of the FSM fees.
*** Residents are calculated as follows: Studios = 1, 1BR = 1.5, 2BR = 3, 3BR = 4.5 (NDC formula) Students are calculated as follows: Studios (*0), 1BR (*0.014), 2BR (*0.141), 3BR (*0.213) (NDC formula)
*Data updating and collection is done by volunteers and may contain the occasional error or miscalculation.
** New Rochelle Parking Code including Minimum number of Spaces