Multifamily Development

Multifamily development across NYC

FRS Group develops multifamily housing across all five New York City boroughs. We welcome conversations with prospective investment partners who want to understand how we plan, build, and oversee a development.

Affordable housing programs are part of how we evaluate project feasibility. Where eligible, we pursue Universal Affordability Preference (UAP), which allows additional floor area for permanently affordable housing, and the 485-x Affordable Neighborhoods for New Yorkers property tax exemption for qualifying developments.

From acquisition to completion

Our development team evaluates and acquires properties, then works with our in-house architect and engineers to establish the design and incorporate applicable affordability and tax incentive requirements into the project plans and filings. We coordinate submissions to the NYC Department of Buildings and manage the approval process.

Our construction team carries the approved plans through to completion. We coordinate trades and procurement, track costs and milestones, and resolve field issues promptly to keep work moving and bring each project through final closeout.

Prospective investment partners can discuss project economics, construction oversight, and progress reporting with us privately.