Anshel Fridman’s Nalcorp files plans for 2 buildings with 198 units in Mott Haven

Anshel Fridman’s Nalcorp filed plans for two buildings with 198 units in Mott Haven, the Bronx.

In the first, Anshel Fridman‘s Nalcorp submitted a new building construction project for a 99-unit, 95,886 square-foot residential (R-2) building at 521 East 132nd Street in Mott Haven, Bronx. The plan was filed with the New York City Department of Buildings on April 27, 2026 under job number X01338741. It calls for the construction of a 14-story building. The architect is S. Wieder Architect P.C.

In the second, Anshel Fridman submitted a new building construction project for a 99-unit, 78,137 square-foot residential (R-2) building at 20 Brook Avenue in Mott Haven, Bronx. The plan was filed with the New York City Department of Buildings on April 27, 2026 under job number X01338737. It calls for the construction of a 14-story building. The architect is S. Wieder Architect P.C.

Currently, city property records show both properties owned by Altmark Group.

521 East 132nd Street

20 Brook Avenue

The property

The industrial building at 521 East 132nd Street in Mott Haven has 5,316 square feet of built space and 47,067 square feet of additional air rights for a total buildable of 52,374 square feet according to a PincusCo analysis of city data. The parcel has two buildings with frontage of 87 feet and is 100 feet deep with a total lot size of 8,700 square feet. The zoning is M1-5/R8A which allows for up to 5 times floor area ratio (FAR) for manufacturing and up to 6.02 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $443,000. The most recent loan totaled $9.8 million and was provided by Metropolitan Commercial Bank on February 25, 2025.

The industrial building at 20 Brook Avenue in Mott Haven has 14,550 square feet of built space and 15,550 square feet of additional air rights for a total buildable of 30,100 square feet according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 100 feet deep with a total lot size of 5,000 square feet. The zoning is M1-5/R8A which allows for up to 5 times floor area ratio (FAR) for manufacturing and up to 6.02 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $952,000. The most recent loan totaled $9.8 million and was provided by Metropolitan Commercial Bank on February 25, 2025.

Prior sales, articles and revenue

The 5,316-square-foot property generated revenue of $63,870 or $12 per square foot, according to the most recent income and expense figures.

Development

Nalcorp submitted a new building construction project for a 99-unit, 95,886 square-foot residential (R-2) building at 521 East 132 Street. The plan was filed on April 27, 2026. It calls for the construction of a 145-foot tall, 14-story building and was filed with the New York City Department of Buildings under job number X01338741. The architect is S. Wieder Architect P.C. The project is described in the filing as: assign to development hub – mpp 590 – proposed 14 story and cellar residential building.

Violations and lawsuits

According to city public data, the property has not received any significant violations in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Mott Haven, The bulk, or 45 percent of the 41.7 million square feet of commercial built space are elevator buildings, with industrial buildings next occupying 23 percent of the space. In sales, Mott Haven has near average sales volume among other neighborhoods with $353.6 million in sales volume in the last two years and is the highest in Bronx. For development, Mott Haven has near average amount of major developments among other neighborhoods and is the highest in Bronx. It had 3.7 million square feet of commercial and multi-family construction under development in the last two years, which represents 9 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of nine of the 19 commercial properties representing 41,713 square feet of the 140,573 square feet. The largest owner is Altmark Group, followed by Artimus and then City Of New York. On the tax block, there were four new building construction projects totaling 669,260 square feet. The largest is a 447-unit, 318,084 square-foot residential (R-2) building submitted by Jacob Schwimmer and filed by Jacob Scwhimmer with plans filed December 22, 2021 and permitted January 31, 2023. The second largest is a 224-unit, 177,153 square-foot residential (R-2) building submitted by Isaac Feuerwerger and filed by Isaac Feuerwerger with plans filed September 26, 2019 and it has not been permitted yet.

The owner

The PincusCo database currently indicates that Altmark Group owned at least 14 commercial properties with 70 residential units in New York City with 458,050 square feet and a city-determined market value of $44.3 million. (Market value is typically about 50% of actual value.) The portfolio has $117.2 million in debt, with top three lenders as TriState Capital Bank, Dime Community Bank, and Metropolitan Commercial Bank respectively. Within the portfolio, the bulk, or 58 percent of the 458,050 square feet of built space are industrial properties, with specialty properties next occupying 22 percent of the space. They are all located in Bronx.

The surrounding

Within a 400-foot radius of 521 East 132 Street, PincusCo identified one commercial real estate item of interests occurred over the past 24 months. It was a loan which Jacob Schwimmer borrowed $165 million from MF1 Capital secured by the 39,375-square-foot, 450-unit rental (D7) on 138 Bruckner Boulevard on September 6, 2024.

Direct link to the property’s ACRIS page
Direct link to the property’s ACRIS pageand link to DOB NOW portal.