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New York & Tri-State  + Uptown/Bronx  + Finance  | 
Eastchester Heights apartments Bronx

Taconic, Clarion Close on Wells Fargo Loan for Eastchester Heights Complex

Taconic Partners and Clarion Partners closed on a $130-million loan from Wells Fargo for Eastchester Heights, a rental apartment complex at 3480 Seymour Ave. in the Bronx. The financing provides funding for ongoing renovations at the property, which ownership acquired in 2007 and which contains 1,416 rent stabilized units located on five city blocks. The closing of the loan comes on the heels of a 200,000 square foot rooftop solar installation in July 

“We’re proud to continue investing in this community,” said David Milch, VP at Taconic. “The closing of this loan is an important step towards preserving affordability. We are committed to providing an accessible, top-quality residential destination in the Bronx.” 

Built in 1935 and situated on 14.84 acres, Eastchester Heights is among the largest residential communities in the Bronx, with 114 individual buildings that form a campus of six large clusters. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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