Andrew Taveras pays $4M for retail in Longwood

Andrew Taveras through the entity 564 Southern Blvd LLC paid $4 million to Darren S. Berger through the entity Fedco Properties LLC for the retail building (K2) at 564 Southern Boulevard in Longwood, Bronx.
The deal closed on August 26, 2025 and was recorded on September 11, 2025. The property has 20,000 square feet of built space and 23,000 square feet of additional air rights for a total buildable of 43,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $197 and the price per buildable square foot is $91 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 Darren S. Berger was Darren S. Berger. The signatory for Andrew Taveras was Andrew Taveras. The contract date was August 26, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Andrew Taveras had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Darren S. Berger had not purchased any other properties and had not sold any properties over the same time period. The 20,000-square-foot property generated revenue of $357,200 or $18 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building in Longwood has 20,000 square feet of built space and 23,000 square feet of additional air rights for a total buildable of 43,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 125 feet and is 100 feet deep with a total lot size of 12,500 square feet. 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 $1.5 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 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 Longwood, The bulk, or 44 percent of the 22.3 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 27 percent of the space. In sales, Longwood has had very little sales volume relative to other neighborhoods with $90.8 million in sales volume in the last two years. For development, Longwood has 1.8 times the average amount of major developments relative to other neighborhoods and is the 2nd highest in Bronx. It had 2.6 million square feet of commercial and multi-family construction under development in the last two years, which represents 12 percent of the neighborhood’s built space. There were three pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of 15 of the 31 commercial properties representing 605,846 square feet of the 816,529 square feet. The largest owner is Lemle & Wolff, followed by Kalman Tabak and then Equity Resource Investments.
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.

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