121 East 150 Street
Concourse, Bronx
Parcel ID (BBL): 2023530001
Owner: Stellar Management
Acquired: October 02, 2020, $16.9 million
Debt: August 26, 2026, $72 million
Built: 2022
Renovated: 2021
SF: 158,893
Dwelling units: 197
No. of buildings: 1
Class: Semi-Fireproof With Stores (D7)
Floors: 9
HPD Ownership Registration Information
Last registered: 2026-07-30 (expires 2027-09-01)
Domenick Gioia
Head Officer
44 W 28th St 6th Fl New York, NY, 10001
Sb Gerard Avenue, Llc
Corporate Owner
44 W 28th St 6th Fl New York, NY, 10001
Leal Saada
Officer
44 W 28th St 6th Fl New York, NY, 10001
Sb Gerard Avenue, Llc
Agent
44 W 28th St 6th Fl New York, NY, 10001
Leal Saada
Site Manager
Transactions:
• Stellar Management borrowed $72 million from Truist Bank for 580 Gerard Avenue, Concourse, Bronx on August 26, 2026.
• Stellar Management borrowed $47 million from Customers Bank for 580 Gerard Avenue, Concourse, Bronx on October 10, 2023.
• Karten Organization and Alcova Capital Management borrowed $17 million from Stellar Management for 580 Gerard Avenue, Concourse, Bronx on October 27, 2022.
• Karten Organization borrowed $17 million from Forest Road Company for 580 Gerard Avenue, Concourse, Bronx on November 15, 2021.
• Emmes Asset Management Company sold 580 Gerard Avenue, Longwood Melrose, Bronx for $16.9 million to Silverback Acquisitions and Development on October 02, 2020.
Development:
• Sharone Karten filed new building job X00588660 for 147,087 sqft R-2 building with 197 apartments in Concourse, Bronx, on September 15, 2021.
• Gary Tishler filed major alteration job 210033783 for COM building in Concourse, Bronx, on February 08, 2008.
• Daniel Power filed major alteration job 200693213 for COM building in Concourse, Bronx, on October 05, 2001.
• Lyle Kamesaki filed alteration job X01438702 for 2,478 sqft R-2 building with 200 apartments in Concourse, Bronx, on August 04, 2026.
• Sharone Karten filed alteration job X01290328 for building in Concourse, Bronx, on October 01, 2025.
• Gary Moore filed alteration job X01027636 for 100 sqft building with 0 apartments in Concourse, Bronx, on April 09, 2024.
• Ibraim Redza filed alteration job X00804050 for 1,000 sqft building with 0 apartments in Concourse, Bronx, on April 09, 2024.
• Ibraim Redza filed alteration job X00805781 for 1,000 sqft building with 0 apartments in Concourse, Bronx, on October 04, 2023.
Litigation:
• RW Real Estate Group filed a $350,000 lawsuit 651278/2022 against Joshua Schuster on March 01, 2022,seeking a money judgment related to loanat 580 Gerard Avenue.
• William Cline filed a $1.3 million lawsuit against Joshua Schuster and Silverback Development on October 27, 2021,seeking a money judgment related to loanat 580 Gerard Avenue.
• Karten Organization and Sharone Karten filed a $12.9 million lawsuit 656067/2021 against Joshua Schuster and Silverback Development on October 25, 2021,seeking a judgment related to partnershipat 580 Gerard Avenue.
Violations:
According to city public data, the properties have received $10,000 in ECB penalties and $10,000 in OATH penalties in the last year.