Gazivoda Realty pays $7.8M to Annal Management for 103-unit rental in Concourse

Gazivoda Realty through the entity 80 McClellan LLC paid $7.8 million to Annal Management through the entity McClellan Equities, LLC for the 103-unit residential elevator building (D1) at 80 McClellan Street in Concourse, Bronx. The expected use is cash flowing.
The deal closed on April 21, 2026 and was recorded on April 27, 2026. The property has 124,805 square feet of built space and 2,971 square feet of additional air rights for a total buildable of 127,762 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $62 and the price per buildable square foot is $61 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 Annal Management was Arelis Alkoff . The signatory for Gazivoda Realty was Angela Gazivoda . The contract date was February 4, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Gazivoda Realty purchased 10 properties in 10 transactions for a total of $41.9 million and sold one property in one transaction for a total of $3.3 million over the past 24 months.
The seller Annal Management had not purchased any other properties and sold four properties in four transactions for a total of $14.3 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Howard Alkoff, head officer and Arelis Alkoff, officer. The business entities are Annal Management Co., Ltd. and Mc Clellan Equities Llc. The 124,805-square-foot property generated revenue of $1.7 million or $14 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 103 residential units in Concourse has 124,805 square feet of built space and 2,971 square feet of additional air rights for a total buildable of 127,762 square feet according to a PincusCo analysis of city data. The parcel has frontage of 200 feet and is 106 feet deep with a total lot size of 21,223 square feet. The zoning is R8 which allows for up to 6.02 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $4.1 million. The property has 103 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 received 13 housing 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 seven of the 12 commercial properties representing 385,178 square feet of the 630,548 square feet. The largest owner is Intervest Capital Partners, followed by Bronx Pro Group and then Sol Zalman.
There are no active new building construction projects on this tax block.

The majority, or 57 percent of the 630,548 square feet of built space are walkup buildings, with elevator buildings next occupying 43 percent of the space.

The buyer

The PincusCo database currently indicates that Gazivoda Realty owned at least 11 commercial properties with 580 residential units in New York City with 582,629 square feet and a PincusCo-determined asset value of $45.5 million. The portfolio has $6.8 million in debt, borrowed from JPMorgan Chase. Within the portfolio, the bulk, or 82 percent of the 582,629 square feet of built space are elevator properties, with walkup properties next occupying 17 percent of the space.

Direct link to Acris document. link