Enexia Pharmacy Group pays $4.5M to RW Real Estate Group for school building in St George

Enexia Pharmacy Group through the entity 450 Smp LLC paid $4.5 million to RW Real Estate Group through the entity Bw 450 St. Marks, LLC for the specialty building (W9) at 450 St Marks Place in St George, Staten Island. The expected use is owner-occupied.
The deal closed on December 19, 2025 and was recorded on January 22, 2026. The property has 8,927 square feet of built space and 35,114 square feet of additional air rights for a total buildable of 43,983 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $499 and the price per buildable square foot is $101 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 January 28, 2014, for $1.9 million. The signatory for RW Real Estate Group was Ryan Marcus. The signatory for Enexia Pharmacy Group was Boris Natenzon . The contract date was December 2, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Enexia Pharmacy Group purchased two properties in one transaction for a total of $10.8 million and has no record it sold any properties over the past 24 months.
The seller RW Real Estate Group purchased three properties in three transactions for a total of $6.6 million and sold three properties in three transactions for a total of $17.1 million over the same time period.

The property

The specialty building in St George has 8,927 square feet of built space and 35,114 square feet of additional air rights for a total buildable of 43,983 square feet according to a PincusCo analysis of city data. The parcel has frontage of 176 feet and is 170 feet deep with a total lot size of 18,100 square feet. The lot is irregular. The zoning is C4-2 which allows for up to 3.4 times floor area ratio (FAR) for commercial and up to 2.43 times FAR for residential. The city-designated market value for the property in 2022 is $1.3 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 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 the tax block, there were 24 new building construction projects totaling 156,598 square feet. The largest is a eight-unit, 10,571 square-foot business (B) building submitted by Alexander Figliolia with plans filed October 10, 2018 and it has not been permitted yet. The second largest is a eight-unit, 10,068 square-foot 56 building submitted by Medina Cami and filed by Medina Cami with plans filed August 15, 2024 and permitted December 19, 2024.

The majority, or 55 percent of the 198,852 square feet of built space are office buildings, with mixed-use buildings next occupying 18 percent of the space.

The seller

The PincusCo database currently indicates that Rw Real Estate Group owned at least six commercial properties with 87 residential units in New York City with 38,433 square feet and a city-determined market value of $7.9 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 79 percent of the 38,433 square feet of built space are retail properties, with development properties next occupying 21 percent of the space. The bulk, or 66 percent of the built space, is in Brooklyn, with Bronx next at 34 percent of the space.

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