Bronx Lot Resells for $3M; Buyer Files to Demolish in 30 Days
The seller paid $1,060,000 208 days earlier. DOB lists Atlantis Development Inc as owner on the demolition jobs, and no new-building filing is on the block yet.
1610 Poplar LLC closed on a $3,000,000 deed for 1610 Poplar Street in Westchester Square, the Bronx, dated Sept. 9, and 30 days later two full-demolition applications were filed for the 2-story house and the rear structure on the lot. DOB lists Atlantis Development Inc as owner on both.
Why it matters
The price is the first thing in the record. The seller, 1612 Poplar LLC, bought the lot for $1,060,000 on Feb. 13 and resold it 208 days later for $1,940,000 more (ACRIS, February deed). Before that the lot changed hands at $575,000 in July 2022 and $360,000 in December 2021. A lot that rose 2.8 times in seven months with a 1,900 sq ft house on it is being priced for what can replace the house, not for the house.
The buyer moved at once. DOB NOW shows jobs X01469607-I1 and X01469602-I1, both full demolitions, both filed Oct. 9, both at a $15,000 initial cost and both waiting on plan-examiner assignment (DOB NOW). Filing demolition before any new-building application is a common first step on small Bronx lots, and no new-building job exists yet on block 4082.
Who is behind the LLC is only partly on the record. The deed names 1610 Poplar LLC and gives the property as its address. The DOB filings name Atlantis Development Inc, with Robert Lumaj as owner contact, and Atlantis filed four more demolition jobs on neighboring Williamsbridge Road lots from Sept. 29 to Oct. 9. The records we pulled do not state the link between the LLC and Atlantis, so we are not asserting one. The same pattern ran this morning in Queens: Astoria Lot Resells for $3.2M; Buyer Files to Demolish in 27 Days. See our New York coverage.
The numbers
- Deed, block 4082 lot 19: 1612 Poplar LLC to 1610 Poplar LLC, dated Sept. 9, recorded Sept. 18, $3,000,000 (ACRIS).
- Seller’s purchase: Feb. 13, 2026, $1,060,000 from Michael Thein and Zar Chi Thent (ACRIS).
- Earlier sales: $575,000 on July 5, 2022 (ACRIS); $360,000 on Dec. 7, 2021 (ACRIS).
- DOB NOW X01469607-I1 and X01469602-I1: full demolition, filed Oct. 9, 2026, 2 stories, 1 dwelling unit, 1,900 sq ft, $15,000 initial cost (DOB NOW).
- Lot area and zoning are not in the filings we pulled, so we do not state them.
What’s next
Watch for a new-building application on block 4082, lot 19, which would show the unit count and the zoning the $3,000,000 price is built on. Also watch ACRIS for an acquisition mortgage to 1610 Poplar LLC and for any deed that ties the LLC to Atlantis Development Inc.
On the record
What we checked ourselves, and where you can check it too.
- Public recordACRIS deed 2026091800749001, dated Sept. 9, 2026 and recorded Sept. 18, conveys block 4082, lot 19 from 1612 Poplar LLC (3900 Greystone Ave, Apt B1, Bronx) to 1610 Poplar LLC for $3,000,000. The buyer's listed address is the property itself. No mortgage on the lot is recorded after the deed in the records we pulled.View the record on a836-acris.nyc.gov
- Public recordThe seller is a recent buyer. ACRIS deed 2026022000869001 (dated Feb. 13, recorded Feb. 23) sold the lot from Michael Thein and Zar Chi Thent to 1612 Poplar LLC for $1,060,000, so the seller resold 208 days later for $1,940,000 more. Before that, the lot sold for $575,000 on July 5, 2022 and $360,000 on Dec. 7, 2021.View the record on a836-acris.nyc.gov
- Public recordDOB NOW full-demolition job X01469607-I1 (1610 Rear Poplar Street) was filed Oct. 9, 2026, 30 days after the deed date, with a same-day twin, X01469602-I1, for the main building at 1610 Poplar Street. Both list Atlantis Development Inc as owner, Robert Lumaj as the owner contact, a 2-story, 1-family, 1,900 sq ft building and a $15,000 initial cost. Both are pending plan-examiner assignment.View the record on data.cityofnewyork.us
On the record
- Primary recordNYC Department of Finance (ACRIS)Deed dated Sept. 9, 2026, recorded Sept. 18, 1612 Poplar LLC to 1610 Poplar LLC, $3,000,000
- Primary recordNYC Department of Finance (ACRIS)Deed dated Feb. 13, 2026, recorded Feb. 23, to 1612 Poplar LLC, $1,060,000
- Primary recordNYC Department of Finance (ACRIS)Deed dated July 5, 2022 to the prior owners, $575,000
- Also reported by
- NYC Open Data, DOB NOW job filingsFull-demolition jobs X01469607-I1 (rear) and X01469602-I1 (main), block 4082 lot 19, filed Oct. 9, 2026