A.J. Recycling pays $2M to Victoria Plating Co. for industrial in Hunts Point

A.J. Recycling through the entity Tiffany St LLC paid $2 million to Victoria Plating Co. through the entity Victoria Plating Co., Inc. for the industrial building (F4) at 610 Tiffany Street in Hunts Point, Bronx. The expected use is cash flowing.
The deal closed on March 3, 2026 and was recorded on March 13, 2026. The property has 7,500 square feet of built space and 7,500 square feet of additional air rights for a total buildable of 15,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $266 and the price per buildable square foot is $133 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Victoria Plating Co. was Jeffrey Higdon. The signatory for A.J. Recycling was Andrew Bullaro . The contract date was August 26, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer A.J. Recycling had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Victoria Plating Co. had not purchased any other properties and had not sold any properties over the same time period. The 7,500-square-foot property generated revenue of $119,817 or $16 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Hunts Point has 7,500 square feet of built space and 7,500 square feet of additional air rights for a total buildable of 15,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 75 feet and is 100 feet deep with a total lot size of 7,500 square feet. The zoning is M1-2 which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $649,000.

Transaction Participants

Attorney Albert Rizzo of Law Offices of Albert Rizzo, P.C. participated in the transaction on behalf of the buyer .

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Hunts Point, The majority, or 59 percent of the 14.4 million square feet of commercial built space are industrial buildings, with specialty buildings next occupying 15 percent of the space. In sales, Hunts Point has had very little sales volume relative to other neighborhoods with $106.7 million in sales volume in the last two years. For development, Hunts Point has had very little major development activity relative to other neighborhoods.It had 284,467 square feet of commercial and multi-family construction under development in the last two years, which represents 2 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of 19 of the 63 commercial properties representing 235,359 square feet of the 681,086 square feet. The largest owner is Nuveen Real Estate, followed by Mhany Management and then Emerald Equity Group.
On the tax block, there were two new building construction projects totaling 59,548 square feet. The largest is a 96-unit, 47,748 square-foot residential (R-2) building submitted by Larry Gordon with plans filed September 14, 2021 and it has not been permitted yet. The second largest is a 11,800 square-foot business (B) building submitted by Tamir Gayr with plans filed July 25, 2017 and permitted January 22, 2019.

The majority, or 45 percent of the 681,086 square feet of built space are industrial buildings, with walkup buildings next occupying 36 percent of the space.

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