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.

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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.