Nixon Peabody advises on $135 million affordable housing portfolio purchase in New York City

August 08, 2016

Chief Communications Officer
Allison McClain

New York, NY. Nixon Peabody LLP served as legal counsel in a $135 million dollar acquisition of five affordable housing properties in New York City’s Harlem neighborhood. Nixon Peabody represented developer Tahl-Propp Equities, a New York-based real estate investment, development and management company, in this acquisition which includes 18 buildings and almost 550 apartment units.

The properties include:

  • Gladys Hampton Houses;
  • 2411 Frederick Douglas Blvd.;
  • and 400 St. Nicholas Ave.;
  • New West I and II (8-56 W. 111th St.); and
  • Riverside I and II (602-622 W. 135th St).

Nixon Peabody’s legal team was led by New York City affordable housing partners Joseph Lynch and Aaron Yowell, and associate Eleor Cohen.

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