Controversial Bronx landlord sells 888 Grand Concourse for $28M

Jonathan Bombart sold 888 Grand Concourse after years of conflicts with tenants

TRD New York /
Jun.June 19, 2017 06:12 PM
888-Grand-Concourse

888 Grand Concourse in the Bronx

A controversial Bronx landlord sold a Bronx rental building at 888 Grand Concourse TRData LogoTINY for $28 million after years of fighting over living conditions with tenants.

Jonathan Bombart sold his six-story, 91-unit building last week to an affiliate of Bronx landowner Chaim Hirschfeld, according to property records filed with the city Monday.

Hirschfeld also purchased three apartment buildings at 3203-3207 Oxford Avenue in the Bronx in January.

Lenders on the property had started foreclosure proceedings on the building due to unpaid debt, but Bombart was able to retain control of it in February after bringing in Castellan Real Estate Partners, a major multifamily investor in the city, the Bronx Times reported.

Tenants of the building had fought with the Bombarts for years over poor conditions in their homes, going to Housing Court and holding a rent strike in February 2016.

Bombart and Hirschfeld could not be reached for comment.

(To view more commercial sales in the Bronx, click here)


Related Articles

arrow_forward_ios
Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

Numbers were down across the board (Credit: iStock)

New York’s multifamily market had its slowest first half of the year since 2011

South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum

An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

Alex Rodriguez

Watch: A-Rod on the benefits and pitfalls of being a celebrity investor

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Alex Rodriguez

Watch: A-Rod on the benefits and pitfalls of being a celebrity investor

arrow_forward_ios