1201 Adee Avenue
Allerton, Bronx
Parcel ID (BBL): 2045810001
Acquired: April 18, 2025, $162.2 million
Debt: April 18, 2025, $435 million
Transactions:
• MDG Design + Construction, Wavecrest Management and Infinite Horizons borrowed $435 million from Merchants Capital, NYC Housing Development Corporation and New York City Housing Authority for 1130 Burke Avenue, Allerton, Bronx on April 18, 2025.
• New York City Housing Authority sold 1130 Burke Avenue, Allerton, Bronx for $162.2 million to MDG Design + Construction, Wavecrest Management and Infinite Horizons on April 18, 2025.
Development:
• Eftihia Tsitiridis filed major alteration job 200607664 for PUB building with 112 apartments in Allerton, Bronx, on January 25, 2000.
• Yasina Siddiqi filed alteration job X01399266 for 200 sqft building with 881 apartments in Allerton, Bronx, on May 10, 2026.
• Matthew Rooney filed alteration job X01394192 for building in Allerton, Bronx, on April 30, 2026.
• Yasina Siddiqi filed alteration job X01309579 for 881,200 sqft building with 112 apartments in Allerton, Bronx, on October 28, 2025.
• Yasina Siddiqi filed alteration job X01309532 for 881,200 sqft building with 112 apartments in Allerton, Bronx, on October 28, 2025.
• Matthew Rooney filed alteration job X01281623 for building in Allerton, Bronx, on October 08, 2025.
Violations:
According to city public data, the properties have received $10,000 in ECB penalties, 101 housing violations, and $10,775 in OATH penalties in the last year.