Bronx Crotona Two-Family House to Make Way for 15-Unit Rental Building Near 174th Street Station
New York City | September 24, 2026: A two-family property at 740 East 175th Street in the Bronx is set to be demolished and replaced with a four-story residential building containing 15 rental units, according to recently filed demolition and new-building permits.
The proposed development sits just steps from the 174th Street subway station, served by the 2 and 5 trains, placing the new housing project within a major public-transit corridor.
15 New Apartments Planned on East 175th Street
The proposed building is expected to rise approximately 47 feet and contain about 8,447 square feet of residential space.
The filing calls for:
- 15 residential units
- Approximately 563 square feet per unit on average
- Four floors
- Cellar
- Penthouse
- Steel-based construction
- 36-foot rear yard
The units are expected to be rentals, although the final residential configuration could change as the project moves through the city's approval process.
Existing Two-Family Property to Be Demolished
The current property is a two-story, two-family residential structure.
Demolition permits were filed in September, according to reporting based on city filings. The property had previously been described as a vacant two-family structure.
The redevelopment would therefore replace a small existing residential building with a substantially larger apartment project.
$1 Million Development-Site Transaction
The property changed hands in November 2025, when the development site reportedly sold for $1 million.
The transaction gives context to the redevelopment strategy: the site was acquired as a development opportunity rather than simply as an existing residential asset.
The owner listed on the current permit applications is Franc Gjini of Paramount Homes Management, while Fernando Geremia of Fred Geremia Architects & Planners is listed as architect of record.
Subway Access Is a Major Development Factor
The proposed building's location near the 174th Street station is particularly relevant for future renters.
Direct access to the 2 and 5 subway lines provides connectivity to other parts of the Bronx and Manhattan, making transit proximity an important component of the project's residential positioning.
For developers, sites near subway stations can also support higher-density residential development where zoning and approvals permit it.
More Housing Is Planned Nearby
The redevelopment is not an isolated filing on East 175th Street.
A separate new-building application was submitted at 709 East 175th Street in December 2025, calling for a residential building with approximately 23 units and 16,029 square feet.
Together, the two projects would represent 38 proposed new residential units along the same stretch of East 175th Street if both are ultimately built as filed.
Crotona Sees Continued Residential Redevelopment
The latest filing adds to a broader pattern of new residential development proposals in the Crotona area.
The projects are increasing the amount of housing planned on sites that previously contained smaller residential structures, reflecting continued developer interest in Bronx neighborhoods with transit access.
However, the final impact on local affordability and rents will depend on the completed projects, their rents, tenant mix and broader housing supply.
What Happens Next
No estimated completion date has been announced for 740 East 175th Street.
The project must continue through the city's permitting and construction process before the proposed 15 apartments can become housing inventory.
For Bronx property owners and buyers, the project is another example of how transit-accessible sites with smaller existing structures are being repositioned for higher-density residential use.