Real Estate
Rental Apartments Are Approved For Inwood, Woodmere
In total, more than 60 units will be available, the Town of Hempstead Industrial Development Agency said.
HEMPSTEAD, NY — Rental housing in Woodmere and Inwood has gotten a boost, as the Town of Hempstead Industrial Development Agency has given final approval to a pair of projects.
The Friedman Group LLC is planning to build a $10.5 million transit-oriented project known as Conklin Estates in Woodmere. It is expected to feature 16 market-rate apartments on three residential lots at 37 Conklin Avenue.
Twelve apartments will have two bedrooms and the other four will have three bedrooms.
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The IDA also re-authorized incentives for a 48-unit apartment building in Inwood. The $22 million project is expected to have 15 one-bedroom apartments and 18 two-bedroom units.
"Quality rental housing is very much in need in the Town and these projects, while not large, will contribute to the availability of rental housing for those who cannot afford to buy homes in the Town," Frederick Parola, CEO of the Town of Hempstead Industrial Development Agency, said. "Projects that add to our rental housing stock help to keep residents on Long Island."
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