BUSINESS BRIEFS

Developers getting busy in the nabe

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The new year is still quite young, but yet real estate developers have been super-busy — especially in this part of the Bronx.

One of the biggest questions in recent months has finally been answered: What’s going to replace the small mansion at 3377 Sedgwick Ave.? It’s exactly what many people expected — a multi-family residential building.

In fact, it’s a six-story building with more than 18,000 square feet of space divided up into 30 units, according to a filing with the city’s buildings department.

Anton Tinaj, a partner with Arberia & Associates, purchased the Kingsbridge Heights home last spring through a limited liability corporation for $1.25 million, according to city property records — a significant increase from the $31,500 its previous owner, Chao Shio Sieh, paid for the property in 1992.

Tinaj got off on the wrong foot with his neighbors, with his workers accused of doing demolition work without a permit in the middle of a pandemic. Tinaj told The Riverdale Press at the time his people were only trying to clean up the property, which he claims was left a mess by the previous owner.

By September, Tinaj had filed the paperwork to demolish the 3,700-square-foot home that was built in 1899.

The property is zoned R6-A, which likely would make Tinaj’s proposed project as-of-right.

Initial steps also are under way to start a four-story, eight-unit residential building at 2733 Kingsbridge Terrace, near West Kingsbridge Road.

Nush Rudaj purchased an existing three-family home on the property through an LLC for $750,000 back in March 2019, according to property records.

This lot is zoned R6, also suggesting this will be as-of-right. It’s expected to end up with a little more than 5,500 square feet of residential, according to Rudaj’s application filed with the city’s buildings department.

A four-story residential building also is being planned for 2860 Heath Ave., an existing empty lot near West 229th Street.

Gurpreet Singh is developing more than 5,600 square feet of residential space that will be broken down into eight apartments. A company managed by Singh bought the land last November for $255,000, according to property records.

And finally, it’s not new construction at 3633 Kingsbridge Ave., but instead a demolition.

The owner of the two-story former home of Kingsbridge Fence located next to Kingsbridge Social Club, filed paperwork with the buildings department just before the end of the year to tear down the building.

Costa Ioannou bought the property for $1.55 million in October 2017 through an LLC, but has not filed any additional paperwork on what might go up in its place.

The property is zoned for lower-density mixed-use, which could include a low-rise apartment building and some commercial use on the bottom floor.

 

Karate school wins grant money

Riverdale Kenshikai Karate on Fieldston Road is one of 28 city businesses sharing in more than $200,000 in grant money awarded by the Citizens Committee for New York City.

The organization, which offered more than $1 million in direct grants to community projects last year alone, provided local businesses cash grants of up to $10,000 to help them maintain payroll and operations.

Riverdale Kenshikai, run by Paul Sookdar, has been part of the community since 1992, according to a release. It lost all streams of revenue in the wake of the coronavirus pandemic, moving to the online videoconferencing app Zoom.

The karate center wants to install an exhaust fan at its Fieldston Road location, and purchase an air purifier it hopes will help once again lead to safe indoor classes.

Originally published Jan. 7, 2021

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