Amos Financial takes back 18-unit walkup in Longwood through $2.6M deed-in-lieu

Former lender Amos Financial through the entity Amos Financial LLC acquired through a $2.6 million deed-in-lieu of foreclosure the 18-unit residential walkup building (C7) at 576 Southern Boulevard in Longwood, Bronx. The expected use is hold for sale. The former owner was Hershy Beigel through the entity 576 Southern Blvd LLC.
The deal closed on June 19, 2025 and was recorded on June 27, 2025. The property has 19,800 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $130 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.)
Hershey Beigel bought the property on June 26, 2014, for $2.5 million. The signatory for Hershy Beigel was Hershy Beigel. The signatory for Amos Financial was Ohannes Korogluyan . The contract date was June 19, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Amos Financial had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Hershy Beigel had not purchased any other properties and had not sold any properties over the same time period. The 19,800-square-foot property generated revenue of $399,315 or $20 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 18 residential units in Longwood has 19,800 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 45 feet and is 100 feet deep with a total lot size of 3,853 square feet. The lot is irregular. The zoning is R7-1 which allows for up to 3.44 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.9 million. The property has 18 rent regulated units according to city tax records from 2023.

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 23 housing violations and $1,740 in OATH penalties 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 block

On this tax block, PincusCo has identified the owners of 14 of the 31 commercial properties representing 586,046 square feet of the 816,529 square feet. The largest owner is Lemle & Wolff, followed by Kalman Tabak and then SNL Storage.
On the tax block, there were two new building construction projects totaling 158,209 square feet. The largest is a 110,411 square-foot storage (S-1) building submitted by SNL Storage and filed by Michael Jayne with plans filed May 1, 2020 and permitted February 9, 2023. The second largest is a 47,798 square-foot 65 building submitted by Prospect Developers II and filed by Konstantin Gubareff with plans filed May 14, 2024 and permitted April 30, 2025.

The majority, or 40 percent of the 816,529 square feet of built space are walkup buildings, with elevator buildings next occupying 29 percent of the space.

The seller

The PincusCo database currently indicates that Hershy Beigel owned at least 12 commercial properties with 226 residential units in New York City with 211,024 square feet and a city-determined market value of $20.3 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 82 percent of the 211,024 square feet of built space are walkup properties, with elevator properties next occupying 18 percent of the space. They are all located in Brooklyn.

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