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Schomburg Center for Research

Schomburg Center for Research

Type

Cultural/Arts

Location

Harlem, NY

Est. Project Cost

$17.0 million

Size

61,032 SF

Public Financing

New Markets Tax Credit, City

Sponsor

New York Public Library

Private Financing

Debt

Cultural Institution Historic Renovation and Expansion

The Schomburg Center renovation involved critical upgrades to this internationally acclaimed institution dedicated to research in Black culture. With $17 million in investment, the project provided new audio-visual systems and capital improvements, increasing visitor capacity by 25% and enhancing the overall patron experience. Monge Capital played a key role in structuring NMTC financing to bring this cultural asset into the future.

Estimated Economic and Social Impact

Increase annual visits by 25%, or approximately 50,000 visitors.

Project Gallery