The Real Deal New York

Son of the late Bernard Miller buys pair of Bronx resi buildings

Bernard Miller Entities paid $21M for 3508 Kings College Place and 3511 Putnam Place
By Eddie Small | April 27, 2018 11:35AM

3508 King College Place

3508 King College Place

Bernard Miller Entities has snapped up a pair of six-story residential buildings with 82 apartments in the Bronx for about $20.6 million.

The buildings are located very close to each other in Norwood at 3508 Kings College Place and 3511 Putnam Place, according to property records. The company purchased the properties from MPNY Realty Inc., run by Gjon Dedvukaj, and they plan to make renovations to the buildings.

Representatives from Bernard Miller Entities did not immediately respond to a request for comment. Dedvukaj could not be reached.

Friedman Roth Realty brokered the deal, with Giuseppe Inglese representing the seller and David Gerstel representing the buyer.

Bernard Miller died of a stroke in 2016 at age 77, and his son Eric Miller now runs the company. Miller had amassed a portfolio of more than 6,000 apartments during his lifetime, mainly rent-stabilized units in working-class parts of Brooklyn and the Bronx.

Lightstone Group signed a contract to buy four Bronx buildings earlier this year for about $50 million, and Foxy Management is planning a large senior center in the borough at the corner of East 179th Street and Arthur Avenue.