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MELTZER TOWER

117 EAST 2 STREET, Manhattan, 10009
Manhattan, block 429, lot 21
More information about this property at ZOLA
Public Housing Restructuring
  • Planned RAD/PACT - Section 8 Conversion Under Private Management

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What do we know about what NYCHA is doing or proposing here?

NYCHA has designated RAD/PACT development partners for a set of campuses that includes this one:

 

HERNANDEZ - https://nycharealtalk.org/lots/1004170001/ 

SEWARD PARK EXTENSION https://nycharealtalk.org/lots/5283/ 

MELTZER TOWER - https://nycharealtalk.org/lots/1004290021/ 

 

NYCHA’s PACT Projects Tracker (October 2024) lists this campus as in the “Planning & Engagement Phase.” 

https://www.nyc.gov/assets/nycha/downloads/pdf/PACT_Dataset.pdf

 

This campus is listed under “Developments Under Consideration by HUD for Future Section 8 Conversions” in NYCHA’s draft FY25 Annual Plan: https://www.nyc.gov/assets/nycha/downloads/pdf/FY_2025_Draft_Annual_Plan_English_REVISED.pdf

 

As of October 2024, HUD has not issued any approval for the PACT conversion. 

 

Here is a website the developers created

https://www.meltzerpact.com/

  1. # of Current Units 213
  2. Total Number of Units 231
  3. Number of Rental Rooms 641
  4. Population - Section 8 Transition 0
  5. Population - Public Housing 229
  6. Total Population 229
  7. # of Families On Fixed Income 187
  8. % of Families on Fixed Income 90%
  9. # of Residential Buildings 1
  10. # of Non-Residential Buildings 0
  11. # of Stories 20
  12. Total Area (Sq Ft) 50,180.0
  13. Bldg/Land Coverage 13.77
  14. Density (Population/Acre) 199.0
  15. Development Cost $5,622,697.0
  16. Cost Per Rental Room (As Built) $7,487.0
  17. Avg. Monthly Gross Rent $328.0
  18. Senior Development EXCLUSIVELY
  19. Electricity Paid By Residents no
  20. RAD/PACT Status Planning & Engagement
  21. RAD/PACT Conversion Date Jan. 1, 2025
  22. RAD/PACT Developers Essence Development (MWBE); MDG Design + Construction LLC; Wavecrest Group LLC
  23. RAD/PACT General Contractor MDG Design + Construction LLC
  24. RAD/PACT Property Manager Wavecrest Management Group LLC
  25. RAD/PACT Social Service Provider Unknown

Who decides what happens to this property?

Official Owner

New York City Housing Authority (NYCHA) (public)
Contact: David Pristin, Executive Vice President, External Affairs ((212) 306-3401 / David.Pristin@nycha.nyc.gov)

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Key Contacts

City Council District 2 represented by Carlina Rivera
Community District Manhattan 3 ( info@cb3manhattan.org / 212-533-5300 ), district manager: Susan Stetzer
Congressional District 10 represented by Daniel Goldman
Find all elected officials for this lot at Who Represents Me? NYC

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