2055-2059 Ryer Avenue (Credit – Cyclomedia)

SKF Development through the entity 2055 Ryer Realty LLC paid $5.5 million to BX Capital through the entity Ryer Property Bx LLC for 2055, 2057 and 2059 Ryer Avenue in Fordham Heights, the Bronx. The expected use is ground up development.
On these lots, there is one active new building construction project, X01133320, for a 95-unit, 62,290 square-foot residential (R-2) building. The project was submitted by Darwin Torres and filed by Darwin Torres with plans filed October 29, 2024 and it has not been permitted yet.
The sale closed on December 11, 2024 and was recorded on December 26, 2024.
The signatory for BX Capital was Michael Shamah. The signatory for SKF Development was Robert J. Teitelbaum. The contract date was September 19, 2024.