Gazivoda Realty pays $7.8M to Annal Management for two rentals in Bronx
Gazivoda Realty paid $7.8 million to members of the family that controls Annal Management, for two rental buildings in the Bronx in two transactions.
In the first, Gazivoda Realty through the entity 2805 Pond LLC paid $4.3 million to Annal Management through the entity Pond Place Properties, LLC for the 61-unit residential elevator building (D7) at 2805 Pond Place in Bedford Park, Bronx. The expected use is cash flowing.
The deal closed on April 17, 2026 and was recorded on April 21, 2026. The property has 66,860 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $64 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.)
In the second, Gazivoda Realty through the entity 2390 Tiebout LLC paid $3.5 million to Annal Management through the entity 2390 Tiebout Associates, LLC for the 57-unit residential elevator building (D1) at 2388 Tiebout Avenue in Fordham Heights, Bronx. The expected use is cash flowing.
The deal closed on April 17, 2026 and was recorded on April 21, 2026. The property has 56,448 square feet of built space according to a PincusCo analysis of city data. The sale price per built 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 Amy Chasin . The signatory for Gazivoda Realty was Angela Gazivoda . The contract date was February 4, 2026. Annal Management manages the property of the Howard Alkoff family. Amy Chasin, Aida Spitzer and Alan Alkoff are Howard Alkoff’s children.
Prior sales, articles and revenue
Prior to this transaction, PincusCo has records that the buyer Gazivoda Realty purchased eight properties in eight transactions for a total of $34.1 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 two properties in two transactions for a total of $6.5 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Amy Chasin, head officer and Alan Alkoff, officer. The business entities are Annal Management Co., Ltd. and Pond Place Properties Llc. The 66,860-square-foot property generated revenue of $947,722 or $14 per square foot, according to the most recent income and expense figures.
The property
The residential elevator building with 61 residential units in Bedford Park has 66,860 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 110 feet and is 125 feet deep with a total lot size of 13,750 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 61 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 $100 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 two of the seven commercial properties representing 91,775 square feet of the 214,965 square feet. The two identified owners are Robert B. Spring and Joel Werzberger.
There are no active new building construction projects on this tax block.
The majority, or 60 percent of the 214,965 square feet of built space are elevator buildings, with walkup buildings next occupying 40 percent of the space.
The buyer
The PincusCo database currently indicates that Gazivoda Realty owned at least nine commercial properties with 462 residential units in New York City with 459,321 square feet and a city-determined market value of $37.6 million. (Market value is typically about 50% of actual value.) The portfolio has $6.8 million in debt, borrowed from JPMorgan Chase. Within the portfolio, the bulk, or 77 percent of the 459,321 square feet of built space are elevator properties, with walkup properties next occupying 22 percent of the space.
Direct link to Acris document. link
Direct link to Acris document. link