Landlord angles to buy six Suzuki buildings

TRD New York /
Jun.June 29, 2010 09:00 AM

Sam Suzuki

In the wake of Bronx landlord Sam Suzuki’s jailing over massive violations at his 1585 East 172nd Street apartment building, a new property owner is angling to buy six of the landlord’s buildings, according to the New York Daily News. The Bluestone Group, a four-year-old company that has bought several dilapidated buildings in the Bronx, said it’s in talks to snap up a collection of Suzuki’s distressed properties that the jailed property owner bought last year. Bluestone, which manages around 800 apartment units in the Bronx, has recently developed a reputation for taking over violation-heavy buildings. The company bought an apartment building with more than 600 violations at 1151 Elder Avenue in Soundview six months ago for an unknown amount and has since improved the building drastically, residents say. It purchased another Soundview building at 1129 Lawrence Avenue three months ago and reduced the number of violations at the building from 305 to seven. [NYDN]

 

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