Samaritan Daytop files for 422-unit affordable project in Highbridge

Gerald Mascuch, vice president of real estate of Samaritan Daytop Village submitted a new building construction project for a 422-unit, 333,508 square-foot residential (R-2) building at 1387 University Avenue in Highbridge, Bronx. The plan was filed with the New York City Department of Buildings on December 26, 2023 under job number X00980196. It calls for the construction of a 26-story building. The project is described in the filing as: proposed new 26-story mixed-used building.
The architect is Magnusson Architecture And Planning.
The Architectural League of New York reported this is to be a low-carbon project that will have 316 affordable units and 106 shelter units.

Samaritan Daytop Village acquired the parcel from Carmelite Nuns in 1983, and has operated a substance abuse treatment and supportive housing facility. That existing building will be replaced with the new structure.

The property

The specialty building in Highbridge has 45,453 square feet of built space and 203,725 square feet of additional air rights for a total buildable of 249,400 square feet according to a PincusCo analysis of city data. The parcel has frontage of 447 feet and is 199 feet deep with a total lot size of 72,500 square feet. The lot is irregular. The zoning is R7-1 which allows for up to 3.44 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $3.9 million.

Violations and lawsuits

According to city public data, the property has not received any significant violations in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Highbridge, The majority, or 60 percent of the 12.5 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 26 percent of the space. In sales, Highbridge has near average sales volume among other neighborhoods with $52.9 million in sales volume in the last two years and is the 24th highest in Bronx. For development, Highbridge has near average amount of major developments among other neighborhoods and is the 7th highest in Bronx. It had 898,165 square feet of commercial and multi-family construction under development in the last two years, which represents 7 percent of the neighborhood’s built space.

The block

On the tax block, there was one new building construction project filed totaling 333,508 square feet. It is a 422-unit, 333,508 square-foot residential (R-2) building submitted by Samaritan Daytop Village and filed by Gerald Mascuch with plans filed December 26, 2023 and it has not been permitted yet.

The surrounding

This is the first commercial real estate event of interest identified within the 400-foot radius of 1387 University Avenue in the past 24 months.

Direct link to the property’s ACRIS page and link to DOB NOW portal.