1023 Washington Avenue

Owner: Asland Capital Partners

Acquired: June 16, 2023, $17.7 million

Debt: June 16, 2023, $11.3 million

Built: 2004

SF: 126,284

Dwelling units: 136

No. of buildings: 1

Class: Semi-fireproof (Without Stores) (D1)

Floors: 8

Legacy BBLs: 2023860144.00000000

Transactions:

• Asland Capital Partners borrowed $11.3 million from NYC Housing Development Corporation for 1011 Washington Avenue, Morrisania, Bronx on June 16, 2023.

• L+M Development Partners sold 1011 Washington Avenue, Morrisania, Bronx for $17.7 million to Asland Capital Partners on June 16, 2023.

Development:

• Sandy Lowentheil filed new building job 200852005 for J-2 building with 136 apartments in Morrisania, Bronx, on April 23, 2004.

• Sanford Lowentheil filed major alteration job 220155686 for 129,308 sqft R-2 building with 136 apartments in Morrisania, Bronx, on November 15, 2011.

• Dominick Calisto filed alteration job X01390342 for 1,830 sqft R-2 building with 136 apartments in Morrisania, Bronx, on May 04, 2026.

• Sanford Loewentheil filed alteration job 220644248 for J-2 building with 136 apartments in Morrisania, Bronx, on April 19, 2018.

• Sanford Lowentheil filed alteration job 220221301 for R-2 building with 136 apartments in Morrisania, Bronx, on August 22, 2012.

• Sandy Loewentheil filed alteration job 200988912 for building with 135 apartments in Morrisania, Bronx, on August 04, 2005.

Violations:

According to city public data, the properties have received 63 housing violations, $200 in OATH penalties, and two housing litigations in the last year.