Follow-Up on Mayor's Armory Comments

The city’s Economic Development Corporation, which is in charge administering and figuring out what to with the Kingsbridge Armory, sent us an unsolicited follow-up statement to what the mayor told us yesterday at a press conference in Kingsbridge. Here’s what they had to say:”We’re interested in hearing feasible proposals that don’t cost the city more money than we can spend and that have private sector investment that isn’t completely backstopped by city dollars.”

Devastated Milbank Buildings Finally Sold

Speaker Christine Quinn, Mayor Bloomberg, Borough President Ruben Diaz, Sen. Gustavo Rivera and tenants celebrate the sale of the Milbank portfolio at a press conference yesterday. By JORDAN MOSS and JEANMARIE EVELLYIt was a rare scene for the transfer of a residential apartment building: Tenants, a new landlord and a variety of city elected officials, from the mayor on down, gathered Tuesday for a press conference that turned out to be a celebration.The now-infamous Bronx Milbank buildings, including one at 2264 Grand Avenue, were finally sold last week to a new landlord after months of local organizing and city involvement. Tenants, advocates and elected officials had fought to wrest the portfolio of 10 deeply troubled properties from irresponsible bankers and owners to a responsible party who could afford to make them livable again. Over 100 people showed up for the announcement of the sale at 3018 Heath Ave., where the building had brand new windows – the first of what tenants hope will be many improvements to come at this and the other Milbank properties.”We now have someone to communicate with – someone to hold accountable,” said one tenant, Twyla Rashid, who described conditions at her building as “devastating.”The one to hold accountable now is Steven Finkelstein, a Scarsdale-based landlord who purchased the mortgage and the deeds to the properties in a $28 million deal last week, and faces a mountain of some 4,000 housing code violations.As part of the deal, Finkelstein promised to start making serious and immediate repairs and will have to report back regularly to the Department of Housing Preservation and Development about the work he’s done. “Accountability, I have no problem with,” Finkelstein said, as he stood surrounded by reporters with notepads and cameras.

Bronx News Roundup, April 27

Weather: Warm temperatures again today-though not as balmy as yesterday-with highs around 70. Skies will be mostly cloudy.Story of the Day: Crackdown After Deadly Belmont Blaze Mayor Bloomberg and chorus of other elected officials are calling for stricter regulation and punishments for building owners who oversee illegal apartments, after a fire early Monday killed a Bronx family of three in Belmont. The apartment where the victims lived was illegally subdivided, faultily wired and a haven for squatters, neighbors said.It’s unclear who should be held accountable for conditions at the Prospect Avenue building, which has no clear owner-according to the Post, the original landlord lost the property to foreclosure years ago, and that the building has since been part of a Texas private-equity firm’s multibillion-dollar portfolio of subprime mortgages. The Times reports that some tenants were paying rent to another squatter who was living there illegally. The Bronx District Attorney’s office also announced it will be conducting an investigation into the fire.Quick Hits: