Gentian Dushi pays $2.1M to Rudolf Gjonaj, Alfred Gjonaj for 21-unit walkup in Van Nest

Gentian Dushi through the entity G & V Realty Mgmt LLC paid $2.1 million to Rudolf Gjonaj and Alfred Gjonaj through the entity Lindchris Realty L.L.C. for 21-unit residential walkup building (C1) at 1657 Unionport Road in Van Nest, Bronx.
The deal closed on January 30, 2023 and was recorded on February 3, 2023. The property has 13,656 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $153 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 July 9, 2015, for $2.2 million. The signatory for Rudolf Gjonaj and Alfred Gjonaj was Rudolf Gjonaj and Alfred Gjonaj. The signatory for Gentian Dushi was Gentian Dushi.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Gentian Dushi had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Rudolf Gjonaj 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 Rudy Gjonaj, head officer and Lindchris Llc., officer. The business entity is Lindchris Realty Llc. The 13,656-square-foot property generated revenue of $164,891 or $12 per square foot, according to the most recent income and expense figures.

The property

The 1657 Unionport Road parcel has frontage of 50 feet and is 100 feet deep with a total lot size of 5,177 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 $782,000.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property since September of 2020. In addition, according to city public data, the property has received $5,000 in ECB penalties, 25 housing violations, and $5,100 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 $5 million on this tax lot.

The block

There are no active new building construction projects on this tax block.

All properties are walkup.

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