Grubb Properties to develop NYC link apartments communities
Grubb Properties announced two new Link ApartmentsSM developments in Manhattan and Queens. Together, the two locations will provide more than 700 units of middle-market housing to New York City, a market sector that Grubb refers to as essential housing.
“Few places have been more impacted by the housing crisis in this country than the New York metropolitan area,” said Clay Grubb, CEO of Grubb Properties. “Our company is dedicated to providing quality rental options for those in the middle of the income spectrum. Link ApartmentsSM and essential housing provide a unique path forward to address New York’s housing crisis, as well as a compelling investment opportunity for investors in our funds.”
The two communities mark the ongoing expansion of Grubb Properties’ nationally registered Link ApartmentsSM brand, which provides essential housing geared to those earning between 60 percent and 140 percent of area median income (AMI