Bronx Developer Files Permits for 26 Unit Rental at 2369 Lorillard Place

• Permits filed for a six-story residential building in Belmont, Bronx
• Project will include 26 rental units across 17,529 square feet
• Site currently occupied by a one-story structure slated for demolition

What The Project Adds To Bronx Housing Supply

A new residential development is moving forward at 2369 Lorillard Place in the Belmont section of the Bronx. The project is being led by owner Nadem Choudhury, with plans filed for a six-story building. The development will rise 56 feet and deliver 26 residential units. With an average unit size of 674 square feet, the building is expected to target the rental market, adding much-needed housing supply to the area.

What The Building Specs Mean For Rental Strategy

The project will span 17,529 square feet of residential space and include a cellar along with a rear yard. The relatively compact unit sizes suggest a focus on efficiency and affordability, which aligns with strong rental demand in the Bronx. Developments of this scale are typically more flexible and faster to execute, making them attractive for smaller investors and local developers looking to add stabilized rental assets. The building is being designed by Jakov Saric of Node Architecture Engineering Consulting, indicating a straightforward, cost-conscious design approach.

What The Location Means For Tenant Demand

The property is located between East 187th Street and Third Avenue, within proximity to the 182nd to 183rd Streets subway station. Access to the B and D lines provides direct connectivity to Manhattan, which remains a key driver of rental demand in the Bronx. Belmont continues to see steady interest due to its accessibility and relatively lower rents compared to other parts of New York City. This makes it a consistent target for workforce housing and smaller-scale residential projects.

What This Means For Investors And Landlords

This project reflects a broader trend of infill residential development across the Bronx. Smaller buildings with moderate unit counts continue to play a significant role in addressing housing demand while offering manageable entry points for investors. For landlords, new supply at this level increases competition but also strengthens the overall rental market by modernizing inventory. Well-located and efficiently designed properties are likely to see stable occupancy and steady cash flow over time.