Project Name: BNS 1, LLC Project - 1 Park Place
Project Location: 1 Park Place, Peekskill, New York
Financial Assistance: Mortgage recording tax exemption and state and local sales tax exemption
Total Cost Related to Project for sales and use tax exemption: $16,000,000
Total Cost related to Mortgage Recording Tax Exemption: $35,000,000
Applicant: BNS 1, LLC, 3110 37 Ave, STE 500, Long Island City, NY 11101
Summary: The project consists of the construction and completion of the existing improvements and the planning, design, construction, and operation of a mixed use facility comprised of 181 market rate apartment units and approximately 16,500 sf of commercial space along with related site improvements, signage, curbage, sidewalks, and landscaping improvements and the acquisition of and installation in and around the existing improvements and improvements by the Company of machinery, equipment, fixtures and other items of tangible personal property. Project closed on March 8, 2021.