GAC Builders
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Welcome  
 
GAC Equity Partners Ltd and GAC Builders Ltd. are experienced developers and builders in the New York City metropolitan area. GAC Equity and GAC Builders have successfully rehabilitated or built nearly 3,000 multi-family dwelling units in the New York City metropolitan area representing over $260,000,000 in construction costs and are presently involved in the pre-development of nearly 800 new and rehabilitated units in New York City with construction costs estimated to be in excess of $160,000,000.
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Latest News  
 
GAC Equity Partners Co-developing Market Rate Rental in Williamsburg

 GAC Equity Partners is co-developing and GAC Builders will construct a new thirty-five (35) unit market rate rental project located at 100 Union Avenue, Brooklyn.  This 30,000 suare foot project is expected to break ground in mid-2016.

 
GAC Equity Partners Co-developing 25 Unit Market Rental in Ossining

GAC Equity Partners is pleased to announce a new developmnet project it is co-developing in Ossining, NY.  Sitting on a bluff overlooking the Hudson River, "Hudson Vistas" will be home to twenty-five (25) new market residential rental units located at 80 Main Street.  This nearly 30,000 square foot project will be built by GAC Builders, the construciton arm of GAC Equity Partners.

 
April 2015 - GAC Builders to Construct New Condo Building in Harlem

GAC Builders is proud to announce it has signed a contract to build a 42,500 square foot luxury condominium at 99 Morningside in Harlem.  The project will also include the construction of a 12,500 square foot church.  Demolition of the existing structures is scheduled for late 2015 with construction beginning in the first quarter of 2016.

 
September 2015 - GAC Builders Signs Contract For New Mixed Use Astoria Project
GAC Builders is proud to announce it has signed a contract to build a new five-story mixed use building containing sixty-four (64) market rate residential rental units and nealry 16,500 square feet of comercial space.  The 70,000 square foot project is located at 29-10 Broadway, Astoria.  Construction is expected to be completed late 2017.
 

 
January 2015 - East 1st Street Condos Construction Starts
GAC Equity Partners and its partners are pleased to announce the start of construction on the six-story boutique luxury condo located at 64 East 1st Street in the East Village of NYC. GAC Builders Ltd. started excavation and foundation work in January 2015. Sales are expected to take place in early 2016 with construction completion targeted for Spring 2016.
 
02-25-15 GAC Builders Signs Contract to Build "Vernon Tower", a 102,000 SF Building
GAC Builders is very pleased to announce that on February 25, 2015 it signed a contract to build "Vernon Tower", an eight-story, 100 unit market rate rental project in Astoria, Queens. Construction on this luxury rental building is expected to start in April 2015 and will be complete in early 2017.
 
GAC Equity Partners Signs Deal to Co-Develop Ossining Rental
In December 2014, GAC Equity Partners signed a deal to co-develop a twenty-five (25) unit rental building in Ossining, NY. GAC Builders will be the contractor on the project.
 
Construction starts on Williamsburg Condos
GAC Builders started construction on the 15,000 SF luxury condo project on Lorimer Street in Williamsburg in July 2014. This ground-up construction project is expected to be completed in late 2015 or early 2016.
 
Final Unit at The Shelton Closes
The 83 unit mixed income coop, "The Shelton", in Bed-Stuy, Brooklyn, had its final closing in September, 2014. This beautiful 14-story, 135,000 square foot building featured marker rate amenities throughout and included forty-nine (49) underground parking spaces.
 
06-01-2014 GAC Builders Signs Contract to Build East Village Condominiums
GAC Builders recently signed a contract to build a new 14,000 square foot luxury condominium in the East Village of NYC. Demolition of the existing building is expected to take place before the end of 2014 with construction start to follow immediately thereafter.
 
05-01-2014 GAC Builders Ltd. Signs Contract to Build Luxury Condos
GAC Builders is proud to announce it recently signed a contract to build a new 15,000 square foot luxury condominium in Williamsburg, Brooklyn. The project is expected to start in July 2014 and be completed in approximately 16 months.
 
04-09-2014 GAC Builders Signs Contract to Build East Village Condos

GAC Builders Ltd. is proud to announce it has signed a new construction contract to build a high end, luxury boutique condominium project in NYC's East Village.  GAC is expected to start construction on this 7-story building in July 2014 with completion expected by the Fall of 2015.

 
03-21-14 GAC Builders Signs Contract to Build Williamsburg Condos

GAC Builders Ltd. is proud to announce it has signed a new construction contract to build a 12-unit boutique, market rate condominium project in Williamsburg, Brooklyn.  GAC is expected to start construction in June 2014 with completion expected by the Fall of 2015.

 
01-30-14 The Shelton Tops 90% in Sales!

 We are thrilled to announce that sales at The Shelton have topped 90%!

 
12-30-13 Prospect Court is Fully Leased Up!

As of today, we have completely leased up and moved fifty-eight (58) families into our new mixed-use, affordable building.  This brand new 80,000 sq.ft. building is home to new residents as well as Deals Store.  

 
09-06-13 Prospect Court is Ready For Tenant Move-Ins

 We are proud to announce that our Prospect Court project has received its Temporary Certificate Occupancy and will soon be moving in fifty-eight (58) NYC families. This 80,000 square foot project also contains a roof deck courtyard, community room, and underground parking for some of its tenants as well as nearly 12,000 square feet of retail space occupied by national retailer Deals Store.

 
08-17-13 DEALS Store Opening at Prospect Court

We are proud to announce Deals Store's Grand Opening at Prospect Court, 1224 Prospect Avenue, Bronx.   Deals, a national retailer, has leased nearly 12,000 square feet of space at this newly constructed building.   We welcome Deals tot he neighborhood!

 
07-12-13 Closings at The Shelton Have Topped 50%!

 We are pleased to announce that 50% of the units at the14-story co-op, The Shelton, in Bed-Stuy have now closed with buyers. In addition, buyers for more than twenty (20) units are presently scheduling their closings or finishing up the final stages of their financing in order to close on the purchase of their units.

 
05-28-13 The Shelton Starts Closings!

The principals of GAC Equity Partners and GAC Builders are proud to announce that closings on sales of the units at The Shelton have begun and are moving  along briskly. 

 
03-26-13 Big Apple Brownfield Award Winners

The principals of GAC Builders Ltd. are proud to announce that they have won the 2013 Big Apple Brownfield Award for Innovation for thier Prospect Court Housing project. Taking a former gas station, car wash and lube shop, they fully remediated the 16,000 SF site under the supervision of the NYS DEC through its Brownfield Cleanup Program and turned the contaminated property into a beautiful new eight-story, 59 unit affordable rental housing project with nearly 12,000 SF of retail space which will be home to a brand new Dollar Tree loaction starting in the summer of 2013.

 
12-20-12 Prospect Court rental lottery reaches 2,500+ applications
The new construction project at Prospect Court is scheduled to be completed in the summer of 2013. The rental lottery is completed with 2,500+ applications for 59 affordable apartments. Residents of this new 8 story building will enjoy the apartment finishes with new hardwood kitchen cabinets, oak flooring, new bathrooms and fixtures throughout. The building has underground parking, first floor commercial space, laundry facilty, roof deck and beautiful views of the nieghborhood from the upper floors.
 
12-21-12 The Shelton Co-ops reach 75% in Sales

Sales of the beautiful "The Shelton" co-ops have surpassed 50% and have now reach 75%! This 14-story new construciton project features a number of market rate amenities at very affordable prices. Visit thesheltonnyc.com for sales information.

 
 
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Our Project  
 
  • The Shelton

    The principals of GAC Equity and GAC Builders developed and built a 14-story affordable co-op building in Bed-Stuy, Brooklyn. Funding for the project was provided by the NYC Housing Development Corporation’s (HDC) “Affordable Co-op Program”, the NYC Department of Housing Preservation and Development (HPD) and the NYS Affordable Housing Corporation. The project entailed the construction of eighty-nine (89) new residential units, an 8,000 square foot community facility housing a gymnasium and classrooms for use by the local community under the ownership of a local church, and a 25 space underground parking garage.

    The building features a stunning two-story lobby, views of the NYC skyline from the top floors, a community lounge, exercise room, landscaped courtyard, and modern amenities in every apartment.  Sales are ongoing presently with 90% of the building sold.  

    Visit www.thesheltonnyc.com. for more information.

  • Prospect Court

    In Sept 2013 the principals of GAC Equity and GAC Builders completed the development and construction of a new, eight-story mid-rise mixed use project in the Bronx. This project provided fifty-nine (59) new residential rental units comprised of thirty-nine (39) two bedroom units, fifteen (15) one bedroom units, and five (5) studio units.

    First floor commercial space of nearly 12,000 square feet was copmpleted and leased by Dollar Tree, providing not only much needed services to the area but employment opportunities for the community as well.

  • Lorimer Condos

    GAC Builders Ltd. is started construction on a new boutique condominium project in Williamsburg, Brooklyn in the fall of 2014. The project is progressing nicely and is expected to be completed in 2016.

  • East 1st Street Condos

    GAC Equity Partners Ltd. is developing a high end, luxury condominium in NYC's East Village.  This 14,000 square foot project will feature a 1st floor and cellar level duplex with a private garden, four floor-through nearly 2,000 square foot units, and a floor-through penthouse with a private, finished roofdeck.  Construction, which is expected to start in July 2014, will be done by GAC Equity Partners' construction arm, GAC Builders Ltd.

  • Vernon Tower

     New construction of an eight-story market rate rental project.  This 102,000 SF project will contain 100 luxury apartments.

 
Location Map  
 
 
pin icon 18-35 130th Street
College Point, New York 11356
 
pin icon Email : info@gacbuilds.net
 
pin icon   Phone : (718) 715 - 7150
Fax : (718) 715 - 7160
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