Check cashing firm pays $5.6M for retail in Concourse Village

Check cashing firm Community Financial Service Centers through the entity 241 E 167 LLC paid $5.6 million to Solomon Barnathan and Camille Chera through the entity CC Grant Realty LLC for the retail building (K1) at 231-241 East 167th Street in Concourse Village, Bronx. The expected use is owner-occupied. The buyer already occupies the location, according to its website.
The deal closed on January 13, 2026 and was recorded on February 20, 2026. The property has 10,000 square feet of built space and 24,400 square feet of additional air rights for a total buildable of 34,400 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $562 and the price per buildable square foot is $163 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 Solomon Barnathan and Camille Chera was Solomon Barnathan and Camille Chera. The signatory for Community Financial Service Centers was company president Thomas Musial . The contract date was November 19, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Community Financial Service Centers had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Solomon Barnathan had not purchased any other properties and had not sold any properties over the same time period. The 10,000-square-foot property generated revenue of $691,195 or $69 per square foot, according to the most recent income and expense figures.

The property

The retail building in Concourse Village has 10,000 square feet of built space and 24,400 square feet of additional air rights for a total buildable of 34,400 square feet according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 100 feet deep with a total lot size of 10,000 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 $3.8 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 $975 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 neighborhood

In Concourse Village, The bulk, or 39 percent of the 17.6 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 28 percent of the space. In sales, Concourse Village has had very little sales volume relative to other neighborhoods with $130.9 million in sales volume in the last two years. For development, Concourse Village has 1.2 times the average amount of major developments relative to other neighborhoods and is the 4th highest in Bronx. It had 1.8 million square feet of commercial and multi-family construction under development in the last two years, which represents 10 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of eight of the 16 commercial properties representing 460,721 square feet of the 753,040 square feet. The largest owner is Prana Investments, followed by Chestnut Holdings Of New York and then Arker Companies.
There are no active new building construction projects on this tax block.

The majority, or 78 percent of the 753,040 square feet of built space are elevator buildings, with walkup buildings next occupying 18 percent of the space.

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