1883 Crotona Avenue

Owner: Sebco Development

Debt: December 27, 2022, $72.1 million

Built: 0

Renovated: 2019

SF: 162,745

Dwelling units: 134

No. of buildings: 1

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

Floors: 10

Legacy BBLs: 2029460042

Transactions:

• Company sold 1883 Crotona Avenue, Tremont, Bronx for $0 to company on February 21, 2025.

• Company sold 1889 Crotona Avenue and 1883 Crotona Avenue, Tremont, Bronx for $0 to company on December 27, 2022.

• SEBCO Development borrowed $72.1 million from NYS Housing Finance Agency and NYC Housing Preservation and Development for 1889 Crotona Avenue and 1883 Crotona Avenue, Tremont, Bronx on December 27, 2022.

• Company sold 1889 Crotona Avenue and 1883 Crotona Avenue, Tremont, Bronx for $0 to company on December 27, 2022.

• Company sold 1889 Crotona Avenue and 1883 Crotona Avenue, Tremont, Bronx for $0 to company on December 27, 2022.

Development:

• Salvatore Gigante filed plans for alteration in Tremont, Bronx, on February 24, 2020.

• Salvatore Gigante filed plans for demolition in Tremont, Bronx, on November 13, 2019.

Violations:

According to city public data, the properties have received $3,750 in ECB penalties and $24,675 in OATH penalties in the last year.