Milbank Buildings Sold to Scarsdale Landlord

Milbank's 10 Bronx buildings have over 4,000 housing violations among them. (File photo by J. Evelly)

 

Another chapter in the ongoing Milbank Bronx housing saga: the 10 crumbling apartment buildings were finally sold last week to a Scarsdale-based landlord after months of negotiations, according to Crain's New York.

Steve Finkelstein bought the mortgage and the deeds to the properties in a $28 million deal, the article reports, promising to start serious and immediate repairs at the violation-riddled buildings, and agreeing to report to HPD within 30 days about what work he's done.

Finkelstein, who owns 31 other buildings in the Bronx, told Crain's he expects to face an "amazing amount of work," but that he's sending eight-man crews into every building to start on repairs.

BronxTalk Focuses on Housing

On Monday, we plugged that evening's episode of BronxTalk, which focuses on foreclosure, vacancy decontrol and other housing issues. It features Bronx News Network contributor Gregory Lobo-Jost and Jonathan Levy of Bronx Legal Services. To watch, click here.