A two-family house at 740 East 175th Street is set to be torn down and replaced with a four-story building holding 15 residences, according to demolition and new-building permit filings. The site sits in the Crotona section of the Bronx, between Clinton Avenue and Prospect Avenue, just steps from the 174th Street subway station served by the 2 and 5 trains.
The filings list Franc Gjini of Paramount Homes Management as the owner behind the applications, with Fernando Geremia of Fred Geremia Architects & Planners serving as architect of record, according to New York YIMBY. Demolition permits for the existing two-story residential building were filed this month, per the same outlet.
A Traded listing described the property as a vacant two-family structure. The property changed hands in November 2025, when it sold as a development site for $1,000,000, with seller Sharon Hakmon transferring the parcel to buyer Gjovan Rroku, according to real estate transaction portal Traded.
What's Planned for the Site
Per New York YIMBY's account of the filings, the proposed building will rise 47 feet tall and yield 8,447 square feet of residential space across 15 units, most likely rentals, with an average unit scope of 563 square feet. The design calls for a steel-based structure with a cellar, a penthouse, and a 36-foot-long rear yard. No estimated completion date has been announced, the outlet reports.
He also recently secured a $19.9 million loan from NorthEast Community Bank for a 57-unit rental development at 1794 Clinton Avenue in nearby Crotona Park East, the outlet's report states.
A Street Full of New Filings
The 740 East 175th Street project is not the only new filing on the block. Another new-building permit application was submitted just down the street at 709 East 175th Street in December 2025, calling for a 16,029-square-foot residential building with 23 units, PincusCo's tracking shows. Together, the two filings point to concentrated redevelopment interest along this stretch of East 175th Street.
The Bigger Picture in Crotona
Whether the planned units at 740 East 175th Street will improve affordability or contribute to changing affordability dynamics in the neighborhood remains an open question as the permits move through the city's review process.
Hoodline has covered similar filings elsewhere in the borough, including a nine-story Jerome Avenue project.
