468 East 159 Street
Melrose, Bronx
Parcel ID (BBL): 2023800051
Owner: Phipps Houses
Acquired: December 22, 2022, $12.1 million
Debt: January 07, 2025, $20 million
Built: 2000
SF: 73,555
Dwelling units: 61
No. of buildings: 1
Class: Fireproof – With Stores (D6)
Floors: 7
Legacy BBLs: 2023800051.00000000
HPD Ownership Registration Information
Last registered: 2025-08-01 (expires 2026-09-01)
La Puerta De Vitalidad Assoc, Lp
Corporate Owner
257 PARK AVENUE SOUTH 12 NEW YORK, NY, 10010
Phipps Houses Services Inc
Agent
257 PARK AVENUE SOUTH 12 NEW YORK, NY, 10010
Cesar Caceres
Site Manager
Transactions:
• Phipps Houses borrowed $20 million from Citibank and NYC Department of Housing Preservation and Development for 3103 3rd Avenue, Melrose, Bronx on January 07, 2025.
• National Equity Fund sold 3103 3rd Avenue, Melrose, Bronx for $12.1 million to Phipps Houses on December 22, 2022.
Development:
• Miriam Rubinton filed major alteration job 201096633 for R-2 building with 61 apartments in Melrose, Bronx, on December 18, 2006.
• Yasina Siddiqi filed alteration job X01413176 for 200 sqft building with 64 apartments in Melrose, Bronx, on June 08, 2026.
• Saleh Chowdhury filed alteration job X01221883 for building in Melrose, Bronx, on May 08, 2025.
• Yasina Siddiqi filed alteration job X01203892 for 73,555 sqft building with 61 apartments in Melrose, Bronx, on April 10, 2025.
• Michael Wadman filed alteration job X01078636 for 298,745 sqft J-2 building with 61 apartments in Melrose, Bronx, on October 23, 2024.
• Matthew Kelly filed alteration job X00867759 for 1 sqft J-2 building with 61 apartments in Melrose, Bronx, on October 23, 2023.
Violations:
According to city public data, the properties have received 15 housing violations and $150 in OATH penalties in the last year.