The South Bronx was once known for burned-out buildings and entrenched poverty, but it’s now becoming a hub for new construction of both affordable and market-rate housing. A project that appears to be market-rate is headed to Longwood, a neighborhood in the southeastern Bronx.
Long Island City-based UA Builders Group has filed plans for an eight-story residential building at 915 Dawson Street, at the corner of Intervale Avenue. The 74-foot-tall development would rise on a parking lot just south of East 163rd Street, across the street from Rainey Park.
New building applications filed last week call for 29 apartments, spread across 19,966 square feet of residential space. The ground floor would have a 1,000-square-foot recreation space, followed by four units apiece on the second through fourth floors, five each on the fifth through seventh stories, and just two apartments on the top floor.
The building would also have a nine-car parking lot on the ground floor, which is required by zoning.
Albert Gjonbalaj, who heads UA Builders Group, purchased the 5,000-square-foot development site for $775,000 in August. He paid just $38 for each square foot of his planned building. His LLC is based in Morris Park, in the northeastern Bronx.