{"id":43840,"date":"2025-11-18T17:37:07","date_gmt":"2025-11-18T17:37:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/43840\/"},"modified":"2025-11-18T17:37:07","modified_gmt":"2025-11-18T17:37:07","slug":"nonprofit-buys-bronx-parking-lot-for-25m-with-plans-for-new-housing-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/43840\/","title":{"rendered":"Nonprofit Buys Bronx Parking Lot for $25M With Plans for New Housing \u2013 Commercial Observer"},"content":{"rendered":"

Community Access<\/a>, a New York City-based nonprofit that provides supportive housing and services for people with mental health concerns, has acquired a 27,000-square-foot parking lot in the Bronx for $25 million, according to city records<\/a> made public Tuesday.<\/p>\n

The nonprofit, through the entity 1185 River Avenue Housing Development Fund, purchased the lot at 1185 River Avenue in the Bronx\u2019s Highbridge neighborhood from investment firm Irgang Group<\/a>, which used the entity 1185 River Avenue, records show.<\/p>\n

SEE ALSO: The Plan: Step Inside 180 Varick Street\u2019s Building Within a Building<\/a><\/p>\n

Community Access CEO Carolyn Hedigan signed the deal for the buyer, while Irgang\u2019s Mark Irgang and Jason Sakow signed for the seller, according to records.<\/p>\n

It\u2019s unclear who brokered the deal. Irgang and a spokesperson for Community Access did not immediately respond to requests for comment.<\/p>\n

Irgang bought the property between McClellan and East 167th streets for $800,000 in 2003, property records show<\/a>. The site is home to a BestParking parking lot and sits beneath the 167th Street stop on the elevated 4 train.<\/p>\n

Now, Community Access, which has developed 20 affordable and supportive housing buildings in the Bronx, Brooklyn and Manhattan, has plans to build housing on the site.<\/p>\n

Christopher Lacovara, director of real estate development at Community Access, filed plans last month to build a 20-story mixed-use building at 1185 River Avenue, including 292 units of affordable and supportive housing and commercial space on the first floor, according to a filing with the New York City Department of Buildings.<\/p>\n

The project would include 97,854 square feet of residential space, 22,957 square feet of commercial space and 117,818 square feet of community facility space, according to the filing.<\/p>\n

News of the deal comes after another nonprofit housing developer filed plans to build new housing in the South Bronx in August.<\/p>\n

In that project, Phipps Houses, one of the country\u2019s oldest not-for-profit companies committed to developing affordable housing, submitted a rezoning application to build a 376,853-square-foot, 497-unit housing development at 893-895 East 167th Street in Foxhurst, as Commercial Observer previously reported<\/a>.<\/p>\n

Isabelle Durso can be reached at idurso@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Community Access, a New York City-based nonprofit that provides supportive housing and services for people with mental health…\n","protected":false},"author":2,"featured_media":43841,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[128,25212,3624,25213,1527,2184,25211,25214,25215,9,24,13792,63,129,131,130],"class_list":["post-43840","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-bronx","tag-bronx","tag-carolyn-hedigan","tag-channel","tag-christopher-lacovara","tag-construction","tag-development","tag-investments-sales-1185-river-avenue","tag-jason-sakow","tag-mark-irgang","tag-new-york","tag-new-york-city","tag-new-york-city-department-of-buildings","tag-nyc","tag-the-bronx","tag-the-bronx-headlines","tag-the-bronx-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/43840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=43840"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/43840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/43841"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=43840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=43840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=43840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}