1245 Edward L Grant Highway

Owner: Stagg Group

Acquired: November 17, 2020, $6.1 million

Debt: August 27, 2024, $25.4 million

Built: 2022

Renovated: 2021

SF: 80,660

Dwelling units: 110

No. of buildings: 1

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

Floors: 12

HPD Ownership Registration Information

Last registered: 2025-07-15 (expires 2026-09-01)

Transactions:

• Company sold 1249 Edward L Grant Hwy, Highbridge, Bronx for $0 to company on August 27, 2024.

• Stagg Group borrowed $25.4 million from Berkadia Commercial Mortgage for 1249 Edward L Grant Hwy, Highbridge, Bronx on August 27, 2024.

• Company sold 1245 Edward L Grant Hwy, Highbridge, Bronx for $0 to company on February 09, 2022.

• Stagg Group borrowed $20 million from Valley National Bank for 1245 Edward L Grant Hwy, Highbridge, Bronx on February 09, 2022.

• Mark Koplowitz sold 1249 Edward L Grant Hwy, Highbridge, Bronx for $6.1 million to Stagg Group on November 17, 2020.

Development:

• Mark Stagg filed plans for alteration in Highbridge, Bronx, on July 20, 2023.

• Mark Stagg filed plans for alteration in Highbridge, Bronx, on November 28, 2022.

• Mark Stagg filed plans for alteration in Highbridge, Bronx, on November 16, 2022.

• Edward Kelly filed plans for alteration in Highbridge, Bronx, on June 16, 2022.

• Edward Kelly filed plans for A3 in Highbridge, Bronx, on November 17, 2021.

Violations:

According to city public data, the properties have received 31 housing violations, $1,050 in OATH penalties, and one housing litigation in the last year.

Latest Stories:

• Stagg Group signs $25.4M refi loan with Berkadia for 110-unit rental in Highbridge (August 28, 2024)

• Stagg Group signs $20M construction loan with Valley National Bank for 121-unit project in Highbridge (February 10, 2022)