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Project Name

1391 Hertel, LLC


1391 Hertel Avenue
New York

Public Hearing Transcript

Project Details

The project consists of the acquisition of the former St. Margaret's elementary school.  The developer will modify the building into a mixed use facility which will include approximately 23 1 and 2 bedroom apartments along with 2,000 sq. ft. of commercial space. 

The property is a 3-story, 30,000 sq. ft. former school.  From 1917 to 1957 it was used  as the church for the parish.  Until a few years ago, the building housed an elementary school (K-8).  The enrollment for the school peaked in the 1980's with approximately 600 students.  Over time, however, enrollment dropped to less than 100 students and closed after the 11/12 school year.  Apartments will range in size from 770 to 1,300 sq. ft.  Rents will average between $1,100 and $1,950.

Status Details

12/17/2014 - $5,411,625Lease/Leaseback Inducement Resolution  approved by ECIDA Board of Directors