Indigo Developers files plans for 69 units in Bedford Park
201 East 198th Street axonometric diagram (Credit- Nikolai Katz architect via DOB)
Indigo Developers submitted a new building construction project for a 69-unit, 6,088-square-foot residential (R-2) building at 201 East 198th Street in Bedford Park, Bronx. The plan was filed on May 14, 2026. It calls for the construction of a 123-foot-tall, thirteen-story building and was filed with the New York City Department of Buildings under job number X01401011. The project is described in the filing as: (please assign to dev hub) proposing new 13 story building with a total of 69 dwelling units. The applicant is the Registered Architect Nikolai Katz of Nikolai Katz Architect. Yanky Indig of Indigo Developers submitted the plans.
The neighborhood
In Bedford Park, The bulk, or 49 percent of the 20.3 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 27 percent of the space. In sales, Bedford Park has near average sales volume among other neighborhoods with $164 million in sales volume in the last two years and is the 6th highest in Bronx. For development, Bedford Park has near average amount of major developments among other neighborhoods and is the 10th highest in Bronx. It had 982,633 square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.
The block
On this tax block, PincusCo has identified the owners of 10 of the 18 commercial properties representing 363,242 square feet of the 457,904 square feet. The largest owner is Chestnut Holdings Of New York, followed by Finkelstein Timberger East Real Estate and then Genesis Realty Group.
On the tax block, there were four new building construction projects totaling 91,370 square feet. The largest is a 68-unit, 42,212 square-foot residential (R-2) building submitted by Paulin Lumaj and filed by Paulin Lumaj with plans filed March 20, 2025 and permitted January 16, 2026. The second largest is a 62-unit, 38,412 square-foot residential (R-2) building submitted by Ami Weinstock and filed by Ami Weinstock with plans filed September 17, 2021 and permitted May 19, 2022.
The surrounding
This is the first commercial real estate event of interest identified within the 400-foot radius of 201 EAST 198 STREET in the past 24 months.
Direct link to the property ACRIS page and link to DOB NOW portal.