Wilmington Trust Moves to Foreclose on Bronx Building for $735K
The lender took judgment in August. The Bronx County referee's sale is set for this week, 69 days later.
Wilmington Trust, acting solely as Delaware trustee of SMRF Trust II-A, is moving to take back 679 East 232nd Street in the Bronx, pushing the building to a foreclosure auction on October 19, 2026 over a $735,178.69 judgment. Bronx County Supreme Court entered the judgment against borrower SR 232 LLC on August 11, 2026, and a referee is set to sell the property at public auction 69 days later.
Why it matters
Wilmington Trust has appeared as trustee in other recent Bronx foreclosure filings, and this is a new address, not a repeat of the Wallace Avenue or West 76th Street cases we have covered under that same lender role. The case, Index No. 816822/2022E, was filed in 2022 and only reached judgment this August, a multi-year run that is typical for contested or stalled foreclosure dockets in Bronx County. City property records put the building at three residential units, built in 1910, with the current owner of record matching SR 232 LLC, the foreclosure defendant named in the legal notice.
The numbers
The referee, E. Mark A. Berman, will sell the property at the Bronx County Supreme Court, 851 Grand Concourse, Courtroom 711, on October 19 at 2:15 p.m. The judgment of foreclosure and sale was entered August 11, 2026, putting the gap between judgment and sale at 69 days. The notice of sale first published October 2, 2026 in the New York Law Journal and ran a second time October 9. The property, Block 4835, Lot 15, is a small three-unit building of 1,272 square feet on a 2,064 square foot lot, built in 1910. A deed and mortgage history search for the address did not return results, so the loan’s origination amount and purchase history are not available for this story.
What’s next
The October 19 sale will determine whether a third party outbids the trust or Wilmington Trust takes the property back as trustee. We will track the referee’s deed filing after the sale to confirm the outcome. For more Bronx foreclosure coverage, see our report on 3044 Wallace Avenue, another Wilmington Trust trustee action, and our broader New York market coverage.
On the record
Primary record
- Public recordThe legal notice for Bronx County Supreme Court Index No. 816822/2022E names Wilmington Trust, National Association, solely as Delaware trustee of SMRF Trust II-A, as plaintiff against SR 232 LLC, and sets the referee's sale of 679 East 232nd Street for October 19, 2026 at 2:15 p.m. at 851 Grand Concourse, Courtroom 711, on a judgment of $735,178.69 entered August 11, 2026. We pulled the city's PLUTO record for the BBL (2048350015) and confirmed the owner of record is SR 232 LLC, matching the foreclosure defendant, on a three-unit, class C0 building built in 1910. A deed and mortgage history search for the same address did not return results, so no prior purchase price or loan-origination figures appear in this article.View the record on data.cityofnewyork.us
Also reported by
- NYC Open Data, PLUTO (64uk-42ks), BBL 2048350015679 East 232nd Street, Bronx: 3-unit, class C0 building, built 1910, owner of record SR 232 LLC