Real estate watchers are keeping an eye on development in the Bronx, as talks over the future of the 421-a tax break, which greased the skids for new construction in the borough, drag on into the ninth month. Despite the impasse, developers are still planning small buildings in the Bronx.
An 11-story building is nearing completion at 926 Sedgwick Avenue in the Highbridge section of the Bronx. At 117 feet high, the building stands as a minor but noticeable addition to the Harlem River skyline, perched upon the high river bank alongside both pre-war buildings and recent residential developments that flank the Major Deegan Expressway. Listed as a “transient hotel” in the building permits, the property will feature 64 units spread across 29,370 square feet of its 33,000-square-foot interior. Gerald J. Caliendo of Caliendo Architects is the applicant of record. Prasanna Venkatesha of Sita Ram LLC is listed as the owner.
TNE Building has filed applications for a four-story, eight-unit residential building at 994 Tinton Avenue, in the South Bronx’s Morrisania section. The project will measure 6,450 square feet and its residential units average approximately 649 square feet apiece, indicative of rental apartments. Pirooz Soltanizadeh’s Jamaica-based Royal Engineering is the applicant of record. The 20-foot-wide, 2,000-square-foot lot is vacant. Its predecessor was a two-story townhouse, which was demolished back in 2010. The Prospect Avenue stop on the 2 and 5 trains is located four blocks away.
Property owner Larry Ahern has filed applications for a two-story, 138,600-square-foot self-storage facility at 3350 Park Avenue, located on the corner of East 165th Street in the South Bronx’s Morrisania section. The project will have 90,600 square feet of commercial space, which is the area that can be rented out as storage space. Ceiling heights will also measure roughly 20 feet, so it could be that the building gets partially used for industrial purposes. Accessory offices will be located on the ground floor. There will also be four loading berths and 15 off-street parking spaces. Frank G. Relf’s Melville, N.Y.-based architecture firm is the architect of record. The 90,800-square-foot lot is partially occupied by a collection of single-story commercial warehouses rented out to various businesses. Demolition permits haven’t been filed.
An anonymous Brooklyn-based LLC has filed applications for a six-story, 12-unit residential building at 373 East 157th Street, in the South Bronx’s Melrose section. The project will measure 10,083 square feet and its residential units should average 641 square feet apiece, indicative of rental apartments. Amenities include laundry facilities and bike storage. Luis Depasquale’s Cronton-on-Hudson,N.Y.-based firm LMD Architect is the architect of record. The 2,493-square-foot lot is currently occupied by a two-story brick building. Demolition permits haven’t been filed. Metro-North Railroad’s Melrose station is located five blocks north.