Even as developers eye the Bronx, tenants continue to suffer in slums

TRD New York /
Jan.January 05, 2012 11:30 AM

The year 2011 saw many new affordable developments for the Bronx, but was marred by the unrelenting problem of slumlords, the New York Daily News reported. The city’s most beleaguered borough added Fordham Village, a house for veterans returning from war, as well as Serviam Gardens, a home for senior citizens in Bedford Park. New shopping developments such as Co-op City in Kingsbridge, were eyed by developers. However, as distressed properties were traded by banks, and defunct firms still sorted out the mess post-Lehman real estate crash, Bronx tenants often got the short end of the stick, the News said.

Mount Eden tenants — at 1520 Sheridan Avenue — suffered without cooking gas, and moved to sue a landlord they collectively refer to as “the Grinch,” and slumlord Luigi Capriglione had possession of a Belmont property — 4619 Park Avenue — summarily ended by a judge. Four people were killed in fires in apartment buildings that had illegal subdivisions in the Bronx last year, the News said.

There is talk of new development in the borough — a hotel near Yankee Stadium, and the possible conversion of the Kingsbridge Armory to a velodrome. But fixing the Bronx’s endemic housing problems may be an uphill battle as city and federal investigations planned for the year could reveal systemic corruption, the News said. [NYDN]

 

Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
The National Association of Home Builders Housing Market Index reached a record high for the second consecutive month in October 2020. (iStock)

Building up: Homebuilder confidence hits new highs

Building up: Homebuilder confidence hits new highs
Nextdoor CEO Sarah Friar (Getty; iStock)

Nextdoor social networking app considers going public

Nextdoor social networking app considers going public
Subversive CEO Richard Acosta (Photos via ICSC; iStock)

Riding high: Inception, Subversive to launch publicly traded cannabis REIT

Riding high: Inception, Subversive to launch publicly traded cannabis REIT
Gov. Andrew Cuomo announced that movie theaters in some New York counties can reopen, but NYC’s theaters are excluded for now. (Getty; iStock)

Cuomo: Movie theaters can reopen — but not in NYC

Cuomo: Movie theaters can reopen — but not in NYC
Marcus & Millichap CEO Hessam Nadji and Mission Capital principal David Tobin (Photos via Marcus & Millichap; Mission Capital)

Marcus & Millichap inks deal to buy Mission Capital Advisors

Marcus & Millichap inks deal to buy Mission Capital Advisors
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...