Bridge Asset Management files plans for 190 units in Belmont, first of 370 expected on site

Bridge Asset Management filed plans this week for two buildings in Belmont, the Bronx, with a total of 190 units in Belmont, which are expected to be the first 370 planned for the site. The two filings are at 680 East Fordham Road and 690 East Fordham Road, on land that Triangle Equities refinanced in 2015 with an $8 million loan from Flushing Bank.
The two filings each say there are 370 units planned on the development parcels that make up the site.

In the larger of the two filings, Bridge Asset Management submitted a new building construction project for a 98-unit, 65,187 square-foot residential (R-2) building at 680 East Fordham Road. The plan was filed with the New York City Department of Buildings on February 11, 2026 under job number X01358456. It calls for the construction of a 13-story building. The project is described in the filing as: proposing new 13-story residential building. Hen Vaknin, president of Bridge Asset Management, filed the plans. The architect is Nikolai Katz Architect.

In the smaller of the two filings, Bridge Asset Management submitted a new building construction project for a 92-unit, 51,634 square-foot residential (R-2) building at 690 East Fordham Road in Belmont, Bronx. The plan was filed with the New York City Department of Buildings on February 11, 2026 under job number X01358459. It calls for the construction of a 13-story building. The project is described in the filing as: (please assign to the dev hub same examiner as x01358456-i1 as its same zoning lot same owner and applicant ) proposing new 13 story residential building. Hen Vaknin, president of Bridge Asset Management, filed the plans. The architect is Nikolai Katz Architect.
Bridge Asset Management purchased a small portion of the development site, with the address of 680 East Fordham Road, for $550,000 in December 2025, but the bulk of the development site still shows Triangle Equities as the owner.

680 East Fordham Road

Violations and lawsuits

According to city public data, the property has received $4,000 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 Belmont, The bulk, or 43 percent of the 14.3 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 26 percent of the space. In sales, Belmont/Little Italy has near average sales volume among other neighborhoods with $72.4 million in sales volume in the last two years and is the 22nd highest in Bronx. For development, Belmont/Little Italy has near average amount of major developments among other neighborhoods and is the 16th highest in Bronx. It had 810,216 square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of seven of the 22 commercial properties representing 90,981 square feet of the 233,975 square feet. The largest owner is Alex Garcia, followed by Brooklyn Standard Properties and then Cohen Commercial Properties. On the tax block, there were four new building construction projects totaling 278,657 square feet. The largest is a 145-unit, 99,202 square-foot residential (R-2) building submitted by Shahin Daneshvar with plans filed December 19, 2019 and permitted March 22, 2022. The second largest is a 98-unit, 65,187 square-foot residential (R-2) building submitted by Hen Vaknin with plans filed February 11, 2026 and it has not been permitted yet.

The surrounding

Within a 400-foot radius of 2504 Cambreleng Avenue, PincusCo identified four commercial real estate items of interests occurred over the past 24 months. One of those four items was a sale which Eric Koch bought the 20,000-square-foot, one-unit hotel (H4) on 2500 Crotona Avenue for $6 million from Mitchell Suss on June 5, 2025. Of those four items, three were loans above $5 million totaling $66.2 million. The most recent of the three was Eric Koch in which borrowed $5 million from H&O Capital Funding secured by the 20,000-square-foot, one-unit hotel (H4) on 2500 Crotona Avenue on June 5, 2025.

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