Hudson Valley Property Group, a New York-based real estate company, has acquired Pilgrim Baptist Village, a multifamily apartment complex in Brooklyn.
Constructed in 1978, the property, consisting of 26 three-story apartment buildings spread out over 10 acres, is situated at 446 Bergen St.
Hudson Valley Property is planning a $20 million capital improvement program at the 305-unit Pilgrim Baptist Village.
Planned upgrades include new roofs, siding, boilers, bathroom and kitchen upgrades, extensive site work and landscaping, energy-efficient lighting, among others.