Abdul Kayum files plans for 28 units in East Morrisania

Abdul Kayum submitted a new building construction project for a 28-unit, 19,781 square-foot residential (R-2) building at 1288 Southern Boulevard in East Morrisania, Bronx. The plan was filed with the New York City Department of Buildings on April 11, 2023 under job number X00855538. It calls for the construction of an eight-story building. The project is described in the filing as: proposed new building, residential building with community facility on the first floor. The architect is Badaly Architects.

The property

The parcel has frontage of 53 feet and is 103 feet deep with a total lot size of 4,859 square feet. The lot is irregular. The zoning is R7-1 which allows for up to 3.44 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $116,000.

Prior sales and revenue

This property was sold by Joseph Djemal for $1.4 million to Abdul Kayum on January 26, 2023.

Violations and lawsuits

According to city public data, the property has received $600 in OATH penalties in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In East Morrisania, The bulk, or 43 percent of the 12 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 30 percent of the space. In sales, East Morrisania has near average sales volume among other neighborhoods with $113.7 million in sales volume in the last two years and is the 12th highest in Bronx. For development, East Morrisania has near average amount of major developments among other neighborhoods and is the 8th highest in Bronx. It had 879,008 square feet of commercial and multi-family construction under development in the last two years, which represents 7 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of five of the 16 commercial properties representing 108,732 square feet of the 173,156 square feet. The largest owner is Abdul Kayum, followed by Banana Kelly Community Improvement Association and then HKS Capital Partners. On the tax block, there were three new building construction projects totaling 63,107 square feet. The largest is a 48-unit, 24,305 square-foot residential (R-2) building submitted by Mark Shakarov with plans filed October 22, 2020 and permitted August 16, 2021. The second largest is a 28-unit, 19,781 square-foot residential (R-2) building submitted by Abdul Kayum and filed by Abdul Kayum with plans filed April 11, 2023 and it has not been permitted yet.

The surrounding

Within a 400-foot radius of 1288 Southern Boulevard, PincusCo identified five commercial real estate items of interests occurred over the past 24 months. Of those five items, two were in new building development. There were one new building permit application and one new building permit. The most recent of these two items was a filing on June 2, 2022 for a 19,021-square-foot residential (R-2) building with 29 residential units at 1334 Southern Boulevard. Of those five items, three were loans above $5 million totaling $41 million. The most recent of the three was HKS Capital Partners in which borrowed $19.1 million from Popular Bank secured by the 50,314-square-foot, 61-unit rental (D7) on 1318 Southern Boulevard on July 11, 2022.

Direct link to the property’s ACRIS page and link to DOB NOW portal.