Finding: eviction, purchase, resale at 870 Belmont Avenue

870 Belmont Avenue, East New York, Brooklyn 11208

BBL 3040400020 · two residential units

2025-04-07 A city marshal executes a residential eviction at unit 2 (dockets 142544 and 145842, one Housing Court case).
2025-09-05 MTEK NYC LLC buys the building for $712,775, five months after the eviction. The seller took title for $10 four days earlier, a same-week pass-through.
2026-02-27 MTEK NYC LLC resells for $1,150,000. A 61% gain in under six months of ownership.

Verify in ACRIS: purchase deed 2025091700354002, pass-through deed 2025091700354001, resale deed 2026030500561001. Eviction dockets via NYC Open Data marshal evictions (court index 332669/23).

Finding: the same arc, doubled, at 4575 Furman Avenue

4575 Furman Avenue, Wakefield, Bronx 10470

BBL 2050840054

2025-01-13 First residential eviction executed.
2025-04-21 Second residential eviction executed, a separate date and docket.
2025-07-08 PHANTOM CAPITAL 161 LLC buys the house for $500,000, directly from the individual owner of record.
2025-09-30 PHANTOM CAPITAL 161 LLC resells for $999,000. A 100% gain in 84 days.

Verify in ACRIS: purchase deed 2025071500436001, resale deed 2025101300240002.

Finding: the pattern is ongoing

The same operator made three more post-eviction purchases in 2026, all in the Bronx, all still held as of the latest deed data. One was made through an entity named PHANTOM AFFORDABLE HOUSING LLC.

2026-01-08 637 East 224 Street, Bronx 10466. Bought for $1,450,000 by PHANTOM AFFORDABLE HOUSING LLC, four months after a residential eviction there (2025-09-11). Deed 2026011600237001.
2026-01-23 2937 Mickle Avenue, Bronx 10469. Bought for $650,000 by PHANTOM CAPITAL BX LLC, six months after a residential eviction there (2025-07-22). Deed 2026020500770001.
2026-04-30 928 East 219 Street, Bronx 10469. Bought for $550,000 by PHANTOM CAPITAL 18 LLC, ten months after a residential eviction there (2025-07-10). Deed 2026051201091001.

BBLs 2048260038, 2047830038, 2046890054. All three appear with their eviction dates on the operator profile.

How these were found

PulseCities ingests NYC public records nightly and joins them at the parcel level. The findings above come from one repeatable query: residential evictions executed by city marshals, matched to LLC deed purchases at the same parcel within twelve months, matched again to any later resale at a markup. Operator identities come from clustering LLC grantee names across deeds; every cluster shown publicly passes a classification gate that screens out banks, servicers, and government entities. The scoring model and its limits are documented on the methodology page.

Nothing here alleges illegality. Buying after an eviction and reselling at a profit is legal. What PulseCities documents is the pattern, on the record, with the identities connected.

Data sources and currency

ACRIS deeds NYC Department of Finance property transfers. The upstream Open Data feed is currently paused; deed data runs through late May 2026. Stated on every page that uses it.
Marshal evictions Executed residential and commercial evictions via NYC Open Data. Updated daily; the court system publishes with a lag of two to four weeks.
HPD violations Housing maintenance code violations, updated daily.
DOB permits Alteration and construction filings, updated daily.
311 complaints Housing-related service requests, updated daily.

Contact

PulseCities is built and run by Michael Espin, working from public records only. For any finding above, or anything you see elsewhere on the site, you can request the full document ID list, BBLs, CSV exports, or a custom query against the underlying data. Replies usually come the same day.