Dinko Popovic pays $2.8M for 44-unit rental in Kingsbridge Heights

Dinko Popovic through the entity VP Kingsbridge LLC paid $2.8 million to Roseann Manginelli and Vito Manginelli through the entity 2700 Kings Terrace LLC for the 44-unit residential elevator building (D1) at 2700 Kingsbridge Terrace in Kingsbridge Heights, Bronx. The expected use is cash flowing.
The deal closed on March 30, 2026 and was recorded on April 2, 2026. The property has 37,000 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $74 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 September 27, 2012, for $4 million. The signatory for Roseann Manginelli and Vito Manginelli was Steven Kaplan . The signatory for Dinko Popovic was Dinko Popovic. The contract date was February 10, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Dinko Popovic had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Roseann Manginelli had not purchased any other properties and sold two properties in two transactions for a total of $9 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Rosa Ferraro, head officer and Angela Montero, site manager. The business entities are Appula Management Corp and 2700 Kings Terrace Llc. The 37,000-square-foot property generated revenue of $562,770 or $15 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 44 residential units in Kingsbridge Heights has 37,000 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 75 feet and is 125 feet deep with a total lot size of 9,375 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.5 million. The property has 44 rent regulated units according to city tax records from 2024.

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 block

On this tax block, PincusCo has identified the owners of 13 of the 27 commercial properties representing 958,172 square feet of the 1,213,554 square feet. The largest owner is Nyc Department Of Education, followed by City Of New York and then Alex Solovey.
On the tax block, there were four new building construction projects totaling 80,263 square feet. The largest is a 44,738 square-foot 57 building submitted by Barone Management and filed by John Silviano with plans filed November 20, 2025 and it has not been permitted yet. The second largest is a 30-unit, 14,834 square-foot residential (R-2) building submitted by Moshe Zlicha with plans filed August 6, 2019 and permitted August 13, 2020.

The majority, or 49 percent of the 1.2 million square feet of built space are elevator buildings, with walkup buildings next occupying 26 percent of the space.

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