Eduart Shllaku pays $7.5M to Role Realty Management for rental in Mt Hope

Eduart Shllaku through the entity 1815 Monroe LLC paid $7.5 million to Role Realty Management through the entity Brau-Gill Equities Ltd. for 67-unit rental (D1) at 1815 Monroe Avenue in Mt Hope, Bronx.
The deal closed on November 17, 2021 and was recorded on December 8, 2021.
The property has 66,300 square feet of built space and 22,382 square feet of additional air rights for a total buildable of 88,644 square feet according to PincusCo analysis of city data. The sale price per built square foot is $112 and the price per buildable square foot is $84 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 Role Realty Management was Ira Mack. The signatory for Eduart Shllaku was Eduart Shllaku.

Ira Mack is managing director for Role Realty Management.
The former owners according to the Department of Housing Preservation and Development included Ira Mack, head officer and Cristian Godoy, officer. The business entity is Brau Gill Equities Ltd.
Within a 400-foot radius of 1815 Monroe Avenue, PincusCo identified eight commercial real estate items of interests occurred over the past 24 months.
Of those eight items, four were for major renovation including a certificate of occupancy change. The most recent of these four items was the filing on November 23, 2021 for a 17,597-square-foot R-2 building with 18 residential units at 1777 Monroe Avenue.
Of those eight items, four were loans above $5 million totaling $100.9 million. The most recent of the four was Edelstein Development Group which borrowed $9.6 million from Northeast Community Bank secured by the 9,108-square-foot, six-unit mixed-use building (S5) on 1775 Weeks Avenue on June 28, 2021.

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