121 East 150 Street
Concourse, Bronx
Parcel ID (BBL): 2023530001
Owner: Stellar Management
Acquired: October 02, 2020, $16.9 million
Debt: October 10, 2023, $47 million
Built: 2022
Renovated: 2021
SF: 158,893
Dwelling units: 197
No. of buildings: 1
Class: Semi-Fireproof With Stores (D7)
Floors: 9
Transactions:
• None sold 586 Gerard Avenue, Concourse, Bronx for $0 to None on July 12, 2024.
• Stellar Management borrowed $47 million from Customers Bank for 580 Gerard Avenue, Concourse, Bronx on October 10, 2023.
• Karten Organization and Alcova Capital Management borrowed $17 million from Stellar Management for 580 Gerard Avenue, Concourse, Bronx on October 27, 2022.
• Karten Organization borrowed $17 million from Forest Road Company for 580 Gerard Avenue, Concourse, Bronx on November 15, 2021.
• None sold 580 Gerard Avenue, Concourse, Bronx for $0 to None on October 14, 2021.
Development:
• Sharone Karten filed plans for alteration in Concourse, Bronx, on October 01, 2025.
• Ibraim Redza filed plans for alteration in Concourse, Bronx, on February 14, 2023.
• Ibraim Redza filed plans for alteration in Concourse, Bronx, on February 14, 2023.
• Ibraim Redza filed plans for alteration in Concourse, Bronx, on April 09, 2024.
• Gary Moore filed plans for alteration in Concourse, Bronx, on April 09, 2024.
Litigation:
• RW Real Estate Group filed a $350,000 lawsuit 651278/2022 against Joshua Schuster on March 01, 2022,seeking a money judgment related to loanat 580 Gerard Avenue.
• William Cline filed a $1.3 million lawsuit against Joshua Schuster and Silverback Development on October 27, 2021,seeking a money judgment related to loanat 580 Gerard Avenue.
• Karten Organization and Sharone Karten filed a $12.9 million lawsuit 656067/2021 against Joshua Schuster and Silverback Development on October 25, 2021,seeking a judgment related to partnershipat 580 Gerard Avenue.
Violations:
According to city public data, the properties have received $17,500 in ECB penalties and $17,500 in OATH penalties in the last year.