California-based BTC Enterprises pays Rettner Realty $10.5M for retail in Rosebank

California-based BTC Enterprises through the entity BTC Enterprises, L.P. paid Rettner Realty through the entity 835 Walton, LLC $10.5 million for a retail building (K6) at 1125 Bay Street in Rosebank, Staten Island.
The deal closed on November 24, 2025 and was recorded on December 2, 2025. The property has 15,750 square feet of built space and 24,709 square feet of additional air rights for a total buildable of 40,287 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $666 and the price per buildable square foot is $260 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 1, 2015, for $4.3 million. The signatory for Rettner Realty was Ronald Rettner . William J. Carr is identified as the agent for the California entity BTC Enterprises.

BTC Enterprises also purchased a strip center in Scottsdale, Arizona, paying $6.96 million, according to a publication called the Real Estate Daily News.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer BTC Enterprises had purchased any other properties and has no record it sold any properties over the past 24 months in New York City.
The seller Rettner Realty had not purchased any other properties and sold two properties in one transaction for a total of $13 million over the same time period. The 15,750-square-foot property generated revenue of $879,436 or $56 per square foot, according to the most recent income and expense figures.

The property

The retail building in Rosebank has 15,750 square feet of built space and 24,709 square feet of additional air rights for a total buildable of 40,287 square feet according to a PincusCo analysis of city data. The parcel has frontage of 369 feet and is 145 feet deep with a total lot size of 53,716 square feet. The zoning is R4 which allows for up to 0.75 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $4.2 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 $80 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 the tax block, there were 16 new building construction projects totaling 90,205 square feet. The largest is a 35-unit, 33,305 square-foot residential (R-2) building submitted by Nazim Bashirov with plans filed March 2, 2020 and permitted October 25, 2023. The second largest is a eight-unit, 8,263 square-foot residential (R-2) building submitted by Wulei Tang with plans filed May 31, 2018 and it has not been permitted yet.

The majority, or 44 percent of the 50,930 square feet of built space are industrial buildings, with mixed-use buildings next occupying 31 percent of the space.

The seller

The PincusCo database currently indicates that Rettner Realty owned at least one commercial property with six residential units in New York City with 43,393 square feet and a city-determined market value of $9.2 million. (Market value is typically about 50% of actual value.) The portfolio has $5 million in debt, borrowed from Webster Bank. The portfolio consists of at least a single office property. It is located in Manhattan.

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