K&R Preservation acquires two affordable multi-family properties

119 Columbia Street - City of Hudson, NY

City of Hudson, NY K&R Preservation, a New York City-based multi-family housing development firm owned and operated by its CEO, Brian Raddock, acquired and rehabbed two affordable rental properties located in Columbia County. In addition to acquiring the Providence Hall and Schuyler Court Apartments, located respectively at 119 Columbia St. and 20 Columbia St., K&R will rehabilitate all of the properties’ 152 units, consisting of 100 senior units, 50 multifamily Section 8 units, and two manager units.

The planned 12-month rehabilitation will be $45,000 per unit, or $6.75 million total.

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