A Bronx building that has seen significant rent increases in recent years will become entirely affordable again in the wake of a $77 million deal. Camber Property Group and Belveron Partners have purchased the 400-unit residential property known as Highbridge House at 1133 Ogden Avenue from Stellar Management for $77 million, the companies announced on Wednesday. The sale comes on the heels of a sweeping rent reform in Albany, which drastically limited landlords’ ability to […]
source https://therealdeal.com/2019/06/26/developers-spend-77m-to-return-bronx-building-to-complete-affordability/
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