Madison Avenue Corridor

The Madison Avenue Corridor consists of newly constructed rental apartments, townhouses, cooperatives, and condominiums from East 116th to 124th Streets between Madison and Park Avenues. Tony Mendez Apartments are low-income rentals. Maple Court, Maple Plaza, Madison Court, Madison Plaza, and Madison Park are cooperatives and condominiums. Townhouses providing owners with rental apartments are offered by Fifth Avenue Homes, Madison Court Townhouses, Mount Morris Townhouses, and Madison Park Townhouses.

Maple Court

Location: 1901 Madison Avenue between East 122nd and East 123rd

Date: Completed 1995

Developer: North General/Sparrow Construction

Sponsor: North General Hospital

Cost: $14 million

Credits: Courtesy of HPD

Maple Court is a 135-unit cooperative apartment building surrounding a landscaped courtyard. Developed as a publicly assisted limited-equity cooperative, it contains 7,000 s.f. of medical office space and on-site parking for 83 cars. The project is the area’s first for-sale, middle-income residential construction in many years; it is targeted for people with annual incomes between $27,000 and $60,000. The limited-equity cooperative structure allows affordable prices and requires little money from the shareholder up front. The New York City Housing Development Corporation financed the project through tax-exempt bonds.

Maple Plaza

Location: 1919 Madison Avenue between East 123rd and East 124th Streets

Date: Completed 1998

Developer: North General/Sparrow Construction

Sponsor: North General Hospital

Cost: $16 million

Credits: Courtesy of HPD

A vacant lot (pictured top left in 1996) is now an eight-story, 155-unit cooperative apartment building that fills an entire block bounded by Park Avenue, Madison Avenue, East 123rd Street and East 124th Street. The apartments are targeted for middle-income families with annual incomes between $27,000 and $60,000. The New York City Housing Development Corporation financed the project through tax-exempt bonds.

Tony Mendez Apartments

Location: 75 East 116th Street at Madison Avenue

Date: Completed 2001

Developer: East Harlem Building for the Community

Sponsor: East Harlem Building for the Community

Cost: $21 million

Program: New York State Housing Trust Fund

Credits: Courtesy of HPD

A vacant lot (pictured top left in 1995) is now the site of the newly-constructed Tony Mendez Apartments, a low-income, 130-unit apartment building with 5,800 s.f. of retail space. The project was financed through the New York State Housing Trust Fund, an initiative to renovate city-owned residential buildings or purchase vacant city-owned land and construct new residential buildings.

Fifth Avenue Homes

Location: 1784-1802 Madison Avenue, 1441-1455 Fifth Avenue, 2-20 East 118th Street, and 1-19 East 117th Street.

Date: Completed 2001

Developer: The Briarwood Organization

Sponsor: Hope Community, Inc

Cost: $16.6 million

Program: New Homes Program

Credits: Courtesy of HPD

Fifth Avenue Homes consist of 40 townhouses. Each includes a 3,600 s.f. three-bedroom owner’s unit, as well as two two-bedroom rental units. Funds from the City, the New York State Affordable Housing Corporation (AHC) and the U.S. Department of Housing and Urban Development (HUD) helped reduce the average purchase price for a townhouse to $302,000. The project was developed through the New Homes Program, jointly sponsored by HPD and the New York City Housing Partnership. The program brings affordable home ownership to low- and moderate-income buyers, leveraging public and private investment in New York City neighborhoods.

Madison Court

Location: 1784 Madison Avenue between East 117th and 118th Streets

Date: Completed 2004

Developer: BFC Partners & L&M Equity Participants

Architect: GFSS Architects

Cost: $24.8 million

Program: Cornerstone Program

Credits: Courtesy of HPD

A vacant lot, pictured above in the 1990s, is now a 98-unit, nine-story condominium apartment building with 18,000 s.f. of retail space. The condominiums consist of one-to three-bedroom apartments for middle-income families. Amenities include a 24-hour doorman, fitness center, and community room. Retail spaces include a wine shop, cleaners, pharmacy, medical offices and a coffee shop. Madison Court was developed through HPD’s Cornerstone Program, a multi-family new construction initiative to produce affordable housing on cityowned land financed principally through private sources.

Madison Court Townhouses

Location: 49-59 East 117th and 52-70 East 118th Streets

Date: Completed 2004

Developer: L & M Equity Participants and Spenco Development

Sponsor: Hope Equity

Architect: David Gross, P.C./Reynaldo Prego Consulting

Program: New York City Housing Partnership

Credits: Courtesy of HPD

Madison Court Townhouses were developed on a formerly vacant lot, pictured above in 1999. In 2004, the project opened with 18 townhouses and 36 rental apartments. Each townhouse includes an owner’s unit, as well as two rental units. The townhouses provide affordable home ownership opportunities and rental income for middle-income families. They were developed through the New York City Housing Partnership, an initiative to create new homes for families earning between $32,000 and $75,000 a year.

Madison Plaza

Location: 1825 Madison Avenue between East 118th & East 119th Streets

Date: Completed 2004

Developer: BFC Partners & L&M Equity Participants

Architect: Leslie Feder Architects

Cost: $22.2 million

Program: Cornerstone

Credits: Courtesy of HPD

Madison Plaza is an 86-unit cooperative apartment building with 5,000 s.f. of commercial space. The apartments consist of one and two-bedroom units targeting families with incomes up to $100,000. Amenities include a 24-hour doorman, a fitness center, and a community room. Madison Plaza was developed through HPD’s Cornerstone Program, a multi-family new construction initiative to produce affordable housing on cityowned land, financed principally through private sources.

Mt. Morris Townhouses

Location: 56-74 East 119th and 55-73 East 118th Streets

Date: Completed 2004

Developer: A & F Builders

Sponsor: East Harlem Council for Human Services

Architect: Butt Otruba-O’Connor Architects

Program: New York City Housing Partnership

Credits: Courtesy of HPD

The Mount Morris Townhouses filled a once-vacant lot between 118th & 119th Streets (pictured top row in 1993) with 20 townhouses, each contains an owner’s unit and two rental apartments. The townhouses provide affordable home ownership opportunities for middle-income families as well as rental income that helps cover the owners’ carrying costs. The project was developed through the New York City Housing Partnership, an initiative to create new homes for families earning between $32,000 and $75,000 a year.

Madison Park

Location: 1831 Madison Avenue between East 119th and East 120th Streets

Date: Completed 2002

Developer: BFC Partners & L&M Equity

Architect: Leslie Feder Architects

Cost: $27 million

Program: Cornerstone

Credits: Courtesy of HPD

Replacing a vacant lot once filled with garbage and weeds, Madison Park is a nine-story, 150,000 s.f. cooperative apartment building. The 129 units, priced at $97,000 for one-bedroom and $270,000 for two bedrooms, target families with incomes up to $115,000. Amenities include a 24-hour doorman, fitness center and a garden room for parties. Partnering with local developers, JP Morgan Chase provided $18 million of a total $27 million construction cost to build Madison Park. The building was developed through HPD’s Cornerstone Program, a multi-family new construction initiative to produce affordable housing on city-owned land, financed principally through private sources.

Madison Park Townhouses

Location: 52-70 East 120th and 59-77 East 119th Streets

Date: Completed 2004

Developer: Velez Organization

Sponsor: El Barrio’s Operation Fight Back

Architect: Danois Architects P.C.

Program: New York City Housing Partnership

Credits: Courtesy of HPD

The site of the Madison Park Townhouses was one of several vacant lots between Madison and Park Avenues (pictured above in 1993). In 2004, the development opened with 20 new townhouses offered for sale. Each townhouse includes an owner’s unit and two rental apartments, providing home ownership opportunities with rental income for middle-income families. The townhouses were developed through the New York City Housing Partnership, an initiative to create new homes for families earning between $32,000 and $75,000 a year.