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Project Name

Terzo Development/Bush Lofts


44-17th Street
New York

Public Hearing Transcript

Project Details

This existing building has been vacant since 2019 and was severely underutilized prior to that time.  The project consists of the renovation and re-use of this 15,000 sq. ft. structure into 13 apartments.  Three of the 13 units will be offered at 80% of the adjusted median income (“AMI”) throughout the 7-year PILOT term.

Also offered in the development of the building will be 6-7 spaces of off-site parking which will be available to the tenants.  They will also be adding a curb cut to the front of the building which will open up 3-4 additional parking spaces.

Since 100% of the project is devoted to housing, there is no employment impact other than a part time building manager.


Status Details

03/24/2021 -  $3,050,000 Lease/Leaseback Inducement Resolution pased by the ECIDA Board of Directors