1502 Bassett Avenue

Owner: Realterm

Debt: July 17, 2020, $72.5 million

Built: 1951

Renovated: 2005

SF: 366,375

Dwelling units: 0

No. of buildings: 2

Class: Fireproof (E1)

Floors: 2

Transactions:

• Realterm borrowed $72.5 million from Regions Bank for 1502 Bassett Avenue, 1538 Stillwell Avenue, Bassett Avenue, Parkchester, Bronx on July 17, 2020.

Development:

• Mallik Chaganti filed plans for alteration in Pelham Bay, Bronx, on September 18, 2023.

• Mallik Chaganti filed plans for alteration in Bronx, on August 31, 2023.

• Mallik Chaganti filed plans for alteration in Bronx, on August 09, 2023.

• Brian Dowling filed plans for alteration in Pelham Bay, Bronx, on June 03, 2021.

• Brian Dowling filed plans for alteration in Pelham Bay, Bronx, on October 27, 2020.

Violations:

According to city public data, the properties have received two DOB violations in the last year.

Latest Stories:

• Realterm adds Bronx properties to existing $72.5M in debt from Regions Bank (July 20, 2020)