Aleksander Haxhari signs $11.1M construction loan for 53-unit project in Allerton

Aleksander Haxhari through the entity BPE Realty LLC as borrower signed a construction loan with lender NorthEast Community Bank valued at $11.1 million for the 53-unit project at 2282 Bronx Park East in Allerton, Bronx.

On the lot, there is one active new building construction project, X01056756, for a 53-unit, 32,181 square-foot residential (R-2) building. The project was submitted by Aleksander Haxhari on June 7, 2024 and it was permitted December 17, 2025.
The loan closed on May 27, 2026 and was recorded on June 2, 2026. The prior lender was Suma Federal Credit Union which held debt that had an original loan amount of $765,000. The property has 6,028 square feet of built space and 31,004 square feet of additional air rights for a total buildable of 31,004 square feet according to a PincusCo analysis of city data. The loan price per built square foot is $1,841 and the price per buildable square foot is $358 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 November 8, 2023, for $1.3 million. The signatory for Aleksander Haxhari was Aleksander Haxhari. The signatory for NorthEast Community Bank was Raymond L. Francis .

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 $20,000 in ECB penalties and $20,000 in OATH penalties in the last year.

The neighborhood

In Allerton, The majority, or 60 percent of the 12.4 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 18 percent of the space. In sales, Allerton has had very little sales volume relative to other neighborhoods with $206.9 million in sales volume in the last two years. For development, Allerton has had very little major development activity relative to other neighborhoods.It had 932,388 square feet of commercial and multi-family construction under development in the last two years, which represents 8 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of seven of the 10 commercial properties representing 357,739 square feet of the 430,141 square feet. The largest owner is Paul Gecaj, followed by Nikolas Popovic and then Christos Spyropoulos.
On the tax block, there were two new building construction projects totaling 51,768 square feet. The largest is a 53-unit, 32,181 square-foot residential (R-2) building submitted by Aleksander Haxhari and filed by Aleksander Haxhari with plans filed June 7, 2024 and permitted December 17, 2025. The second largest is a 23-unit, 19,587 square-foot residential (R-2) building submitted by Vyacheslav Faybyshev with plans filed October 24, 2018 and permitted June 1, 2021.

The majority, or 100 percent of the 430,141 square feet of built space are elevator buildings, with development buildings next occupying 0 percent of the space.

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