BronxInk: “Troubled Bronx buildings flipped again”

Dyan Kerr deals with a wall of mold in her Williamsbridge apartment. (STEVEN GRABOSKI/The Bronx Ink)

This is an excellent article by Bronx Ink that reflects what is happening today to this infamous Bronx building portfolio in their fourth round of speculation. Who is Anthony Gazivoda and why did he pay so much for these dilapidated buildings? We still don’t have all the answers, but the current state of affairs is definitely troubling…

With a single tap of the finger, mailboxes open at 1585 East 172nd Street in Soundview. It’s a trick anyone can pull off.

“Social Security and Section 8 checks have gone missing,” said Andres Rios, the leader of the building’s tenant’s association.

Broken mailboxes are just one problem facing Rios’ building, one of six notoriously distressed buildings in Highbridge, Morris Heights and Soundview. The buildings have been in disrepair since 2006, bouncing from owner to owner, each either without a plan to fix them or the money to carry the plans out.

The buildings were sold again in September, this time to Bronx real estate agent Anthony Gazivoda, for $21.4 million. Gazivoda paid almost $7 million more than the previous owner, a surprisingly high purchase price that has tenants and housing advocates afraid that the new owner will find himself just as cash-strapped as the previous ones.

“There is no financial story that justifies that sale,” said Dina Levy, executive director of the Urban Housing Assistance Board, the advocacy group that has been following the plight of the buildings. “You can twist it but you still can’t justify it. There’s no amount of rationalization that gets you to $21 million. That’s troubling.”

Anthony Gazivoda did not respond to numerous interview requests.

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