581 Timpson Place

Owner: Sebco Development

Debt: July 18, 2025, $22.6 million

Built: 1929

Renovated: 1989

SF: 80,256

Dwelling units: 72

No. of buildings: 1

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

Floors: 6

Transactions:

• SEBCO Development borrowed $22.6 million from NYC Department of Housing Preservation and Development for 581 Timpson Place, 390 Jackson Avenue, 720 St Marys Street, and 1070 Rev James Polite Avenue, Longwood, Bronx on July 18, 2025.

Development:

• Lucio.Gil Rumaldo filed alteration job X01384380 for 3,840 sqft building with 72 apartments in Longwood, Bronx, on April 13, 2026.

• Lucio.Gil Rumaldo filed alteration job X01180965 for 2,000 sqft building with 72 apartments in Longwood, Bronx, on February 13, 2025.

• John Lopez filed alteration job X00502577 for 78,366 sqft J-2 building with 72 apartments in Longwood, Bronx, on April 14, 2021.

• Peter Cantillo filed alteration job 220113892 for J-2 building with 72 apartments in Longwood, Bronx, on April 18, 2011.

• Salvatore Gigante filed alteration job 220082862 for RES building with 84 apartments in Longwood, Bronx, on September 15, 2010.

Violations:

According to city public data, the properties have received 18 housing violations in the last year.