Steve Zervoudis filed plans for 38-unit project in Kingsbridge Heights

Steve Zervoudis, owner of Galaxy General Contracting submitted a new building construction project for a 38-unit, 30,783 square-foot residential (R-2) building at 2758 Kingsbridge Terrace in Kingsbridge Heights, the Bronx. The plan was filed on December 3, 2023. It calls for the construction of a 55-foot tall, six-story building and was filed with the New York City Department of Buildings under job number X00965231. The architect is P. Georgopoulos Architect PC. The project is described in the filing as: new building.

Prior sales and revenue

This property was sold with another property for $1.8 million on May 25, 2022.

Violations and lawsuits

According to city public data, the property has received $400 in OATH penalties in the last year.

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

The neighborhood

In Kingsbridge Heights, The majority, or 57 percent of the 10.6 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 33 percent of the space. In sales, Kingsbridge Heights has near average sales volume among other neighborhoods with $36 million in sales volume in the last two years and is the 30th highest in Bronx. For development, Kingsbridge Heights has near average amount of major developments among other neighborhoods and is the 27th highest in Bronx. It had 272,876 square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of 12 of the 27 commercial properties representing 944,238 square feet of the 1,213,554 square feet. The largest owner is Aaron Bauer, followed by Alex Solovey and then City Of New York. On the tax block, there were four new building construction projects totaling 66,286 square feet. The largest is a 38-unit, 30,783 square-foot residential (R-2) building submitted by Galaxy General Contracting and filed by Steve Zervoudis with plans filed December 3, 2023 and it has not been permitted yet. The second largest is a 30-unit, 14,834 square-foot residential (R-2) building submitted by Moshe Zlicha with plans filed August 6, 2019 and permitted August 13, 2020.

The surrounding

Within a 400-foot radius of 2758 Kingsbridge Terrace, PincusCo identified seven commercial real estate items of interests occurred over the past 24 months. Of those seven items, two were for major renovation including a certificate of occupancy change. They were two permit applications with a total initial cost of $2 million. The most recent of these two items was the filing on June 2, 2022 for a 11,639-square-foot residential (R-2) building with 23 residential units at 2835 Sedgwick Avenue. Of those seven items, five were loans above $5 million totaling $43.6 million. The most recent of the five was Steven Westreich in which borrowed $7 million from Lima One Capital secured by the 3,194-square-foot, two-unit two-family building (B1) on 2835 Sedgwick Avenue on November 28, 2023.

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