The Real Deal New York

Paramount Homes picks up Bronx housing complex

Assemblage of five-story walk-ups sold for $16M
December 31, 2014 04:45PM

Eli Bleeman’s Paramount Homes, a New Jersey-based developer specializing in building a community of houses, acquired a housing complex in the Bronx’s Bedford Park neighborhood for $16.2 million.

The eight buildings at 3224 Grand Concourse are each five-story walk-ups and span a total of 147,400 square feet. There are 112 apartments and five commercial units in the development.

The seller, 3224 Grand Concourse LLC, has owned the buildings for three years, having paid $9.8 million for the properties at the time, the New York Observer reported. [NYO]Mark Maurer