BNS 1, LLC - 1 Park Place

  • Project Name: BNS 1, LLC Project - 1 Park Place
  • Project Location: 1 Park Place, Peekskill, New York
  • Financial Assistance: Mortgage recording tax exemption and state and local sales tax exemption
  • Total Cost Related to Project for sales and use tax exemption: $16,000,000
  • Total Cost related to Mortgage Recording Tax Exemption: $35,000,000
  • Applicant: BNS 1, LLC, 3110 37 Avenue, STE 500, Long Island City, NY 11101
  • Project Documents Supplemental (PDF)


The project consists of the construction and completion of the existing improvements and the planning, design, construction, and operation of a mixed-use facility comprised of 181 market-rate apartment units and approximately 16,500 square feet of commercial space along with related site improvements, signage, curbage, sidewalks, and landscaping improvements and the acquisition of and installation in and around the existing improvements and improvements by the Company of machinery, equipment, fixtures and other items of tangible personal property. The project closed on March 8, 2021.