Peter Fine Sells Bronx Rental for $70M | Real Estate News

Real Estate News Today | 2 Min News | The Daily News Now! · Jul 15, 2026 · 1m

Peter Fine, once New York’s top affordable housing builder, is selling his massive South Bronx rental for $70 million—419 units in Mott Haven, prime for new development. The deal comes with sweet financial perks: full housing voucher collection, tax breaks until 2048, and a low-interest mortgage transfer option. Built in 2009, the property reflects Fine’s roots in public housing and his knack for tax certificate financing—a system that vanished in 2008, leaving slower, more bureaucratic paths. After his affordable housing empire slowed and legal troubles hit, Fine pivoted to luxury condos in…