Alexandro Lopez pays $5.5M for retail in Mt Hope

Alexandro D. Lopez through the entity Five Wings Realty LLC paid $5.5 million to the entity Silver Capital DS LLC for the retail building (O5) at 151 East Tremont Avenue in Mt Hope, Bronx.
The deal closed on March 27, 2025 and was recorded on April 7, 2025. The property has 13,500 square feet of built space and 27,135 square feet of additional air rights for a total buildable of 40,635 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $407 and the price per buildable square foot is $135 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 seller bought the property on June 19, 2014, for $965,000. The signatory for the sellers, David Salamon, Jody Vorchheimer, and Linda Salamon was David A. Kaminsky. The signatory for Alexandro D. Lopez was Alexandro D. Lopez. The contract date was October 17, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Alexandro D. Lopez had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller David Salamon had not purchased any other properties and had not sold any properties over the same time period. The 13,500-square-foot property generated revenue of $654,986 or $49 per square foot, according to the most recent income and expense figures.

The property

The retail building in Mt Hope has 13,500 square feet of built space and 27,135 square feet of additional air rights for a total buildable of 40,635 square feet according to a PincusCo analysis of city data. The parcel has frontage of 126 feet and is 82 feet deep with a total lot size of 6,750 square feet. The lot is irregular. The zoning is R8 which allows for up to 6.02 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.9 million.

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 $2,430 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial rehab certificate of occupancy on May 8, 2019. 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 Mt Hope, The majority, or 57 percent of the 11 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 28 percent of the space. In sales, Mt Hope has had very little sales volume relative to other neighborhoods with $75.1 million in sales volume in the last two years. For development, Mt Hope has had very little major development activity relative to other neighborhoods.It had 870,502 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 nine of the 14 commercial properties representing 388,404 square feet of the 565,024 square feet. The largest owner is Rosewood Holdings, followed by Yan Moshe and then Joseph Rishty.
On the tax block, there were two new building construction projects totaling 149,938 square feet. The largest is a 114-unit, 124,153 square-foot residential (R-2) building submitted by Billy Schur with plans filed July 3, 2014 and permitted August 12, 2015. The second largest is a 34-unit, 25,785 square-foot residential (R-2) building submitted by Neighborhood Restore and filed by Salvatore D’Avola with plans filed February 15, 2022 and permitted August 25, 2023.

The majority, or 60 percent of the 565,024 square feet of built space are elevator buildings, with walkup buildings next occupying 18 percent of the space.

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