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Goldman Sachs is teaming up with various New York City agencies to fund a mixed-income housing development to be called The Bradford, as per a HPD press release yesterday. It will be located on the same block as the similarly-funded Garvey Apartments (current location pictured) at 1562 Fulton Street which will be completed next summer. The Bradford will be 105 units with ground-floor retail space. (When we last touched on the story, we reported that the project would be 84 units.) 21 units will be reserved for families earning no greater than 30 percent of the area median income ($23,760), 32 units will be set for families of four earning $99,000 and 51 units will be rented to families earning up to $126,720. The development should be complete by the summer of 2012.
Goldman Following Through on Bed Stuy Housing [Brownstoner]
Goldman Sachs Buying Up Fulton Street [Brownstoner] GMAP


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