Elis Haxhiu, Endrit Haxhiu pay $2.7M for 37-unit walkup in Pelham Bay

Elis Haxhiu and Endrit Haxhiu through the entity CrgBxHoldings LLC paid $2.7 million to Anthony J. Puma Jr. through the entity Ralvin Realty LLC for the 37-unit residential walkup building (C1) at 1721 Hobart Avenue in Pelham Bay, Bronx. The expected use is cash flowing.
The deal closed on July 15, 2025 and was recorded on July 25, 2025. The property has 25,412 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $106 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 Anthony J. Puma Jr. was Anthony J. Puma Jr.. The contract date was August 14, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Elis Haxhiu had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Anthony J. Puma Jr. had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Anthony Puma, head officer and Anthony Puma Jr, officer. The business entity is Ralvin Realty Llc. The 25,412-square-foot property generated revenue of $547,327 or $22 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 37 residential units in Pelham Bay has 25,412 square feet of built space 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 10,003 square feet. The zoning is R5A which allows for up to 1.1 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $2.4 million. The property has 23 rent regulated units according to city tax records from 2023.

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 39 housing violations and $400 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 this tax block, PincusCo has identified the owners of four of the 17 commercial properties representing 77,055 square feet of the 133,161 square feet. The largest owner is Ranger Management, followed by Endrit Haxhiu and then Citizens Bank.
There are no active new building construction projects on this tax block.

The majority, or 33 percent of the 133,161 square feet of built space are elevator buildings, with mixed-use buildings next occupying 24 percent of the space.

The buyer

The PincusCo database currently indicates that Elis Haxhiu owned at least one commercial property with 37 residential units in New York City with 25,412 square feet and a city-determined market value of $2.3 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property. It is located in Bronx.
The PincusCo database currently indicates that Endrit Haxhiu owned at least one commercial property with 37 residential units in New York City with 25,412 square feet and a city-determined market value of $2.3 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property. It is located in Bronx.

Direct link to Acris document. link