From top: Blusetone principals Eli Tabak, Marc Mendelsohn and Ari Bromberg; from left: 1585 and 1589 East 172nd Street
[Updated 12:06 p.m. at Sept. 16 with buyer information] The real estate investment firm the Bluestone Group, which denied for months it would unload a six-building portfolio of once severely distressed Bronx properties, sold the package for $17.6 million, a source close to the deal said.
The sale closed yesterday as part of a bankruptcy case filed by the former ownership company BXP 1, controlled by investor Susumu Endo. The buyer was Anthony Gazivoda, owner of Gazivoda Realty, a prominent landlord in the Bronx Albanian community, an employee at Gazicvod said. Gazivoda himself was not immediately available for comment. Bluestone, led by principals Eli Tabak, Ari Bromberg and Marc Mendelsohn, purchased the defaulted notes on the six properties, with a face value of $13.15 million, for about $10 million in June 2010, according to city property records. … [more]