Paramount Homes Picks Up Bronx Complex for $16.2M


3224 Grand Concourse.
3224 Grand Concourse.

Paramount Homes, a New Jersey-based community home builder, has purchased an eight-building Bronx complex on the Grand Concourse for $16.2 million, according to property records.

SEE ALSO: Developer Buys $17M Bronx Site With Plans for Market-Rate Rentals

An LLC called 3224 Grand Concourse LLC sold 3224 Grand Concourse to Paramount Homes on Nov. 11 and the Bedford Park neighborhood sale was filed with the city today.

The five-story walkup complex spanning 147,400 square feet was the subject of a landlord-tenant battle a couple of years ago following the firing of several union workers, as Norwood News previously reported. The entity 3224 Grand Concourse LLC bought the buildings in November 2011 for $9.8 million, property records indicate. They include 112 residential units and five commercial units, according to PropertyShark.

Eli Bleeman, a co-founder and the vice president of Paramount Homes and whose name appears in the deed, wasn’t immediately reachable for comment, and nor was the seller.