Dubbed one of the worst landlords in the city by Public Advocate and mayoral hopeful Bill de Blasio, landlord 1071 Home has sold one of its Bronx apartment buildings for $5.5 million, city records filed yesterday show. The building, located at 3034 Grand Concourse and East 203rd Street in the Bedford Park neighborhood of the Bronx, was sold to an LLC identified as Why Not in city documents.
City records show 1071 Home has owned the property since 1981.
The 54,241-square-foot building has five stories and 54 residential units, according to PropertyShark.
Over the years, 1071 Home has come under scrutiny for continuously topping de Blasio’s list of the worst landlords in New York City. In December 2011, it took the notorious title with 1,187 infractions over its eight buildings in the Bronx and Manhattan, Curbed reported at the time. The list, which is updated regularly, now shows 1071 Home as number 207 on the list with just 65 total infractions since April 2011. In fact, 3034 Grand Concourse made number 79 on another one of de Blasio’s lists of most improved buildings.
Additionally, 1071 Home sold a commercial real estate building at 716 West 180 Street between Broadway and Fort Washington Avenue for $1.73 million, city records show. The building was sold to an LLC identified as 716-720 West 180th St. Heights Associates. The company also sold four of its other commercial real estate buildings in December, records show.
Another landlord that made de Blasio’s list in the past, College Management, reportedly sold three of its apartment buildings earlier this month.
As previously reported, investors were buying up Bronx investment properties in 2012, according to an Ariel Property Advisors report.
1071 Home Corp. did not immediately respond to requests for comment.