Abraham Biller signs $10M refi with BankUnited for new 30-unit rental in Kingsbridge

Abraham Biller through the entity Godwin Plaza LLC as borrower signed a refi loan with lender BankUnited valued at $10 million for the newly built 30-unit residential elevator building (D6) at 3029 Godwin Terrace in Kingsbridge, Bronx.
The deal closed on September 15, 2025 and was recorded on October 15, 2025. The prior lender was NorthEast Community Bank which held debt that had an original loan amount of $6.8 million.

The property has 26,440 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $378 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 owner bought the property on March 29, 2024, for $2.4 million. The signatory for Abraham Biller was Abraham Biller. The signatory for BankUnited was Jason Labriola .

Prior sales and revenue

The owners according to the Department of Housing Preservation and Development includes Abe Biller, head officer and Joseph Weiss, site manager. The business entity is Godwin Plaza Llc. The 26,440-square-foot property generated revenue of $931,746 or $35 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 30 residential units in Kingsbridge has 26,440 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 75 feet and is 122 feet deep with a total lot size of 9,189 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $633,000.

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 received five housing violations and $2,180 in OATH penalties in the last year.

Development

On the lot, there is one active new building construction project, X00705832, for a 24-unit (later increased to 30-unit) 24,263 square-foot R-2 building. The project was submitted by Galaxy General Contracting and filed by Ari Zervoudis with plans filed April 11, 2022 and permitted December 2, 2022.

The block

On this tax block, PincusCo has identified the owners of seven of the 12 commercial properties representing 429,763 square feet of the 692,683 square feet. The largest owner is Shpresa Xhakli, followed by Brg Management and then Jacob Weinberger.
On the tax block, there was one new building construction project filed totaling 24,263 square feet. It is a 24-unit, 24,263 square-foot residential (R-2) building submitted by Galaxy General Contracting and filed by Ari Zervoudis with plans filed April 11, 2022 and permitted December 2, 2022.

The majority, or 90 percent of the 692,683 square feet of built space are walkup buildings, with elevator buildings next occupying 10 percent of the space.

The borrower

The PincusCo database currently indicates that Abraham Biller owned at least 10 commercial properties with 181 residential units in New York City with 49,759 square feet and a city-determined market value of $9 million. (Market value is typically about 50% of actual value.) The portfolio has $84.8 million in debt, with top three lenders as NorthEast Community Bank, Walker & Dunlop, and Orange Bank & Trust Company respectively. Within the portfolio, the bulk, or 87 percent of the 49,759 square feet of built space are elevator properties, with B1 properties next occupying 5 percent of the space. They are all located in Bronx.

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