The site of the former church at Madison/126th Street is being promoted as an investment opportunity. No word on the price.
Prime 80,000+ ZFA Multifamily Development Opportunity Vested in 421-a Corner of Madison Avenue and East 126th Street
Newmark is pleased to present the opportunity to acquire a prime development site located at 1975 Madison Avenue (“1975 Madison”, the “Site”, “Project”, or “Development”), a proposed eight-story, 93-unit luxury multi-family rental or residential condominium complex with approximately 35 underground parking spaces and approximately 3,500 square feet of premier community facility commercial space, in a rapidly improving, transit-oriented location. The Site offers potential investors a compelling opportunity to develop a boutique, luxury residential property in a prime location with high demand and the potential for significant capital appreciation.
Vested in Affordable New York / “421-a” Providing a 35-Year Property Tax Abatement•The Project satisfied all requirements for the Affordable New York / “421-a” tax abatement program in May 2022•Extensive evidence of satisfying these conditions is available•The Project is thus eligible for the program that expired in June 2022 and will enjoy a 100% property tax abatement for the first 25 years of occupancy and a partial abatement for the subsequent 10 years•As one of the city’s last projects eligible under the expired program, 1975 Madison Avenue will enjoy a significant financial advantage to long term holders of the asset•As of today, no replacement program exists replacing 421-a, further constraining the supply of multifamily housing Shovel Ready 1975 Madison is ready to commence construction with:•Approved plans•Advanced entitlements•Required access Multi-Family Development Site in Manhattan, Facing Critical Housing Shortage•Demand to live in Manhattan remains robust with rents achieving new high prices, including in Harlem•The Project provides an opportunity to access one of the world’s most desirable investment markets that faces continued housing supply constraints•The tax advantages secured by the Project offer significant financial advantages, particularly to long-term holders of the asset If you are interested in acquiring this prime development opportunity, please sign and return the attached Confidentiality Agreement and the full offering memorandum will be forwarded to you. Ronald A. Solarz Executive Managing Director O (212) 372-2306 | [email protected] M (917) 545-8862
Issa Abbassi Director O (212) 372-2221 | [email protected] M (917) 455-7373
Metropolitan Hospital and Nursing Burnout and Shortages
Our district leader William Smith also serves as the chair of the Metropolitan Hospital’s Community Advisory Board. In that capacity, William writes of the dire need for adequate compensation for Metropolitan’s hard-working nursing staff so Metropolitan can deliver world-class care.
If you’re experiencing symptoms and don’t know what you have, now you can go to any of dozens of mobile “Test to Treat” sites around NYC and get tested for covid, flu & rsv AND if you need it get an Rx for paxlovid or tamflu *on the spot*.
On May 25, 2022, the New York City Economic Development Corporation (NYCEDC), NYC Health + Hospitals, New York State Division of Homeland Security and Emergency Services Commissioner Jackie Bray, and community members broke ground for a new flood protection system project at NYC Health + Hospitals/Metropolitan in East Harlem.
The project includes a perimeter flood wall and an upgraded storm water pumping system. The wall will vary in height from eight to twelve feet, and includes resilient floodgates of up to 35 feet wide. The system is designed to keep out water from the hospital campus, which will allow for minimized damage and continued operations in the event of a major storm. Additional improvements will be made to protect loading docks, and to lighting, erosion control, fire protection and security. The basement walls will be hardened and areas of the hospital campus will be reconfigured to support these new features.
Local artist Miguel Luciano was selected by a committee from NYCEDC, Health + Hospitals, the Department of Cultural Affairs and community members to create artwork for the design of the flood wall. The artwork will integrate infrastructure improvements into the community.
The project is expected to cost $120 million and will be funded by the Federal Emergency Management Agency (FEMA). Construction is expected to go until summer 2024. For updates on the project, click here.
Mayor Eric Adams stated, “The climate crisis is here, and we must ensure that New York City is ready for more frequent and more extreme weather events, especially at critical infrastructure sites, like our hospitals. This flood resiliency project shows federal, state, and city government partnership at its best — getting stuff done to protect New Yorkers. This flood wall will ensure the health care heroes at NYC Health + Hospitals/Metropolitan can continue fully serving their patients and helping them get better for generations to come.”
NYC Health + Hospitals/Metropolitan Chief Executive Office Cristina Contreras stated, “We are grateful for the partnership with both the federal and local government to build a stronger and more resilient protection for our hospital. This comprehensive and innovative infrastructure project will mitigate the weaknesses exposed by Superstorm Sandy and provide our staff with the peace of mind of knowing that if we should experience any future natural weather disasters, the hospital and the community will be protected, and they can focus on what they do best – providing high-quality care for our patients and their families.”
Fathers’ Day is Harlem’s Skyscraper Classic Day
On June 19th, come out to Marcus Garvey Park to watch top talent in cycling do fast-paced loops in Harlem’s Skyscraper Classic Race.
This will be the 47th running of this cycling race.
The excitement starts at 9 and goes to 4pm
Say Their Names 2022
KICK-OFF THE JUNETEETH WEEKEND AT MARCUS GARVEY PARK!
Friday, June 17th 12-3 PMon NW lawn New York Public Library, Harlem Branch and Studio Museum in Harlem, with children’s storytime, giveaways and tour/talk about the Thomas J. Price sculpture curated by the Studio Museum.
3:15 – 7:30 PM“Say Their Names” by Poet Gold, Suprina & Sounds of Heritage In recognition of the lives taken by racism including those recently lost in Buffalo, NY and Uvalde, Texas. Interactive workshops, Silent Processional through the park, and on-stage performance preceding film screening. Co-sponsors Marcus Garvey Park Alliance and NYC Parks
SPECIFIC DETAILS FOR JUNE 17
3:15 – 4:00 & 4:15 – 5 PM Walkway outside NW Lawn – Look for Themis the 9 foot Puppet. Poet Gold’s Dream Out Loud poetry workshop designed to explore how one can be a “Beacon of Change” in the face of oppression and to create poetry that fosters empowerment and raises the voice for social equity. Participants are encouraged to address loss by adding the names of those lost due to racist acts to the cape of Themis, a giant 9 ft. living sculpture created by artist, Suprina.
6 – 7 PM DJ Boogie Blind
7:00 PM Procession line-up Walkway outside NW lawn Community members line-up for silent procession through the park with Themis wearing the cape on which names from the workshops were added led by Poet Gold, Suprina, and Sounds of Heritage.
7:25 PM PROCESSIONAL arrives in orchestra pit of the Amphitheater
7:30 PM Pre Performance on stage by Poet Gold and Sounds Of Heritage
8 PM at Amphitheater Outdoor screening of Questlove’s Oscar®-winning documentary, “Summer of Soul,” presented by Capital One City Parks Foundation SummerStage.
Saturday, June 18th
12-3 PM at NW lawn NYPL Harlem and Studio Museum with children’s storytime, giveaways and tour/talk about the Thomas J. Price sculpture.
5:30 – 6:30 PM at Richard Rodgers Amphitheater Pre-show conversation with the Federation of Black Cowboys and come meet their horses
7 PM at Amphitheater CROSS THAT RIVER Join the Federation of Black Cowboys and the Federation of Black Cowboys and then Harlem’s own star Allan Harris – globally- renowned for his jazz vocals, guitar and songwriting in the music & theatrical storytelling of Blu, who runs away from slavery to become a cowboy out west. Did you know that 1 in 4 cowboys were Black men? Presented by NYC Parks, City College Center for the Arts, Jazzmobile and Love Productions.
The Metropolitan Hospital – as a part of NYC Health + Hospitals – has announced it will participate in a “Medical Eracism” initiative to eliminate biased, race-based assessments used for decades in hospitals and clinics across the country to influence medical decisions that have been found to negatively impact the quality of care patients of color receive. The public health care system has already eliminated two common diagnostic tests – for kidney disease and vaginal birth after a cesarean delivery (VBAC) – that have embedded race-based calculations for severity of illness and risk, and can lead to implicit biases and errors in diagnosis and treatment. This initiative builds on the health system’s commitment to eliminate implicit bias in health care and provide equitable, quality care to more than one million New Yorkers who choose NYC Health + Hospitals as their medical home. For more information visit here.
Metropolitan has also been named “America’s most racially inclusive hospital” in the 2021 Lown Hospitals Index, the first ranking to examine the racial inclusivity of over 3,200 U.S. hospitals. For more information on the rankings, visit here.
Seen on FDB
CB11 Wants to Hear From You
Manhattan CB11 is seeking your input to help determine East Harlem’s greatest needs and budget priorities for the upcoming fiscal year. You can participate in the annual budget process by filling out the Public Input Survey today! We will be accepting responses through August 22, 2021. Access the survey here: https://forms.gle/qHEr3WvVrxcH2kNa6
For more information, please contact the community board office at (212)831-8929 or [email protected].
When you think of the 3 hospitals serving the Harlem area (Metropolitan, Mount Sinai, and Harlem), how would you rank them in terms of size/capacity? If you thought that Mount Sinai was the largest of the 3, you would, of course, be correct. What you may not know is just how (relatively) large Mount Sinai is.
Harlem Hospital Center is located at 506 Lenox Avenue. Harlem Hospital Center provides a wide range of medical, surgical, diagnostic, therapeutic, and family support services and is designated as a Level 1 Trauma Center. In 2015, there were 272 beds in service, 213,626 outpatient visits, and 83,154 emergency room visits.
Mount Sinai Hospital is located at 1468 Madison Avenue. Mount Sinai Hospital is a 1,171-bed tertiary-care teaching facility. The Mount Sinai Hospital is part of the larger Mount Sinai Health System, which includes seven other hospital campuses with a combined 3,400,000 outpatient visits and 425,451 emergency department visits.
Metropolitan Hospital Center is located at 1901 First Avenue and is a full service community hospital. In 2015, there were 325 beds in service, 313,742 outpatient visits, and 69,583 emergency room visits.
