Episode Details

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 South Florida. This is his first major NY affordable housing sale in years—possibly timed to avoid long-term tax headaches and estate complications for heirs.

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