New Markets Tax Credit Coalition

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Bogopa BG Flatlands

Investment

  • NMTC Amount: $6,860,000
  • Total Project Cost: $7,650,569

IMPACT

  • 80 FTE jobs
  • 30 construction jobs

CDEs

Investor

Project Description

Renovation of a vacant retail grocery store into Food Bazaar grocery store. The facility will be tailored to the health and nutritional needs of the ethnically diverse neighborhood.

MAP

Address: 11110 Flatlands Avenue, Brooklyn, NY 11207

Census Tract: 36047105804

Other New York Projects

The $18 million NMTC financing support from JPMorgan Chase is helping redevelop vacant city-owned land in East Harlem into a mixed-use development that will include 700 units of affordable housing

NMTC financing for the renovation of a vacant 19,000-sq. ft. building to house a brand new Fine Fare supermarket
The fit out and equipping of 17,000 square-feet of medical office space.
The acquisition and renovation of a 35,000 sq. ft. building in the South Bronx for Boom!Health's new Wellness Center.