1181 Sherman Avenue

Owner: Leser Group

Acquired: December 17, 2019, $12.5 million

Debt: December 17, 2019, $11.4 million

Built: 2017

SF: 30,953

Dwelling units: 43

No. of buildings: 1

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

Floors: 6

Transactions:

• Leser Group borrowed $11.4 million from Bank of Princeton for 1181 Sherman Avenue, Longwood Melrose, Bronx on December 17, 2019.

• Gjonaj Group sold 1181 Sherman Avenue, Longwood Melrose, Bronx for $12.5 million to Leser Group on December 17, 2019.

Development:

• Gjonaj Group filed plans for new building for 30,953 sqft in Concourse Village, Bronx, on February 24, 2017.

• Jyotsna Deshmukh filed plans for major alteration in Concourse Village, Bronx, on August 13, 2010.

• Paul Gjonaj filed plans for A3 in Concourse Village, Bronx, on March 29, 2017.

• Paul Gjonaj filed plans for alteration in Concourse Village, Bronx, on March 03, 2017.

• Simranpal Singh filed plans for A3 in Concourse Village, Bronx, on October 12, 2017.

Violations:

According to city public data, the properties have received one DOB violation, 111 housing violations, and $13,800 in OATH penalties in the last year.

Latest Stories:

• Leser Group pays $12M to Group Gjonaj for new multifamily property in Longwood Melrose (December 18, 2019)

• Leser Group borrows $11M from the Bank of Princeton for new multifamily property in Longwood Melrose (December 18, 2019)