500 Gerard Ave Bronx NY

​In 2024, Global Realty Development played a pivotal role in the successful lease-up of a newly constructed 66-unit residential building at 500 Gerard Ave in the Bronx. The property offers a balanced mix of 1-bedroom, 2-bedroom, and 3-bedroom units, designed to meet the diverse needs of local residents. Through strategic partnerships and a deep understanding of New York City’s housing initiatives, Global Realty utilized CityFHEPS, FHEPS, and Section 8 programs to secure full occupancy for the landlord. Notably, the lease-up effort drew citywide attention when Mayor Eric Adams personally assisted a formerly homeless man in obtaining housing at 500 Gerard Ave—working in partnership with Global Realty Development and utilizing the same rental assistance programs. This high-profile placement underscored Global Realty’s impact and commitment to addressing the city’s affordable housing crisis, while showcasing how effective collaboration between public and private sectors can change lives.