Esad Bojadzic pays $3.8M for 24-unit walkup in Astoria

Esad Bojadzic through the entity 28th Ave Holdings, LLC paid $3.8 million to the entity Recovery Funding Inc. for the 24-unit residential walkup building (C1) at 28-02 44th Street in Astoria, Queens. The expected use is cash flowing.
The deal closed on October 30, 2025 and was recorded on November 6, 2025. The property has 16,112 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $232 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 November 8, 2013, for $3.6 million. The signatory for the seller was Rhona Bork . The signatory for Esad Bojadzic was Esad Bojadzic. The contract date was September 19, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Esad Bojadzic had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Rhona Bork had not purchased any other properties and had not sold any properties over the same time period. The former owner according to the Department of Housing Preservation and Development is Rhona Bork, head officer. The business entity is Recovery Funding Inc. The 16,112-square-foot property generated revenue of $350,444 or $22 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 24 residential units in Astoria has 16,112 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 100 feet deep with a total lot size of 5,000 square feet. The zoning is R5 which allows for up to 1.25 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.3 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 19 housing violations and $150 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 three of the eight commercial properties representing 29,239 square feet of the 93,687 square feet. The largest owner is Anthony Pagano, followed by Maria Cirrito Mcandrew and then Domenico Bono.
There are no active new building construction projects on this tax block.

The majority, or 100 percent of the 93,687 square feet of built space are walkup buildings, with industrial buildings next occupying 0 percent of the space.

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