3350 Bailey Avenue

Owner: Arker Companies

Acquired: July 10, 2025, $38.7 million

Debt: July 10, 2025, $823.5 million

Built: 1975

SF: 376,185

Dwelling units: 344

No. of buildings: 1

Class: Fireproof (Standard Construction Without Stores) (D3)

Floors: 21

Transactions:

• Arker Companies borrowed $823.5 million from NYC Housing Development Corporation for 3320 Bailey Avenue, 1010 East 178th Street, 735 Oakland Place, 559 East 180th Street, 2661 Heath Avenue, and others, Kingsbridge Heights, Bronx on July 10, 2025.

• New York City Housing Authority sold 3320 Bailey Avenue, 735 Oakland Place, 2661 Heath Avenue, 750 East 180th Street, 2091 Prospect Avenue, and others, Kingsbridge Heights, Bronx for $38.7 million to Arker Companies on July 10, 2025.

Development:

• Anant Shah filed plans for alteration in Kingsbridge Heights, Bronx, on September 25, 2025.

• Matthew Charney filed plans for alteration in Kingsbridge Heights, Bronx, on July 29, 2025.

• Matthew Charney filed plans for alteration in Kingsbridge Heights, Bronx, on May 14, 2025.

• Matthew Charney filed plans for alteration in Kingsbridge Heights, Bronx, on August 01, 2024.

• Mohamad Bhuiyan filed plans for alteration in Kingsbridge Heights, Bronx, on January 31, 2019.

Violations:

According to city public data, the properties have received 13 housing violations and $1,000 in OATH penalties in the last year.

Latest Stories:

• Arker signs $38.7M ground lease with NYCHA, gets $823M loan, for Bronx rehab (July 11, 2025)