Island Auto Group pays $23.26M for auto sales locations on Staten Island

Island Auto Group paid members of the Manfredi family a total of $23.26 million for five auto sales parcels in Staten Island in five separate transactions.

In the largest, Island Auto Group through the entity 1591 Hylan Blvd Realty, LLC paid Nicky Manfredi and Anna Manfredi through the entity MF Am1 Owner, LLC, $11.7 million for the garage building (G2) at 111 Quintard Street in Arrochar, Staten Island.
The deal closed on November 7, 2025 and was recorded on November 14, 2025. The property has 36,000 square feet of built space and 21,164 square feet of additional air rights for a total buildable of 57,200 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $325 and the price per buildable square foot is $204 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 other four properties were 1231 Hylan Boulevard, 1239 Hylan Boulevard, 1257 Hylan Boulevard and and two parking lots across the street along Winfield Avenue.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Island Auto Group purchased three properties in three transactions for a total of $40.5 million and has no record it sold any properties over the past 24 months.
The seller Nicky Manfredi had not purchased any other properties and had not sold any properties over the same time period. The 36,000-square-foot property generated revenue of $607,680 or $17 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Arrochar has 36,000 square feet of built space and 21,164 square feet of additional air rights for a total buildable of 57,200 square feet according to a PincusCo analysis of city data. The parcel has frontage of 288 feet and is 361 feet deep with a total lot size of 57,200 square feet. The lot is irregular. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $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

For the tax lot building, it received its initial certificate of occupancy on April 19, 2021. 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

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

The majority, or 100 percent of the 132,728 square feet of built space are industrial buildings, with specialty buildings next occupying 0 percent of the space.

The buyer

The PincusCo database currently indicates that Island Auto Group owned at least two commercial properties in New York City with 30,445 square feet and a city-determined market value of $2.3 million. (Market value is typically about 50% of actual value.) The portfolio has $18.7 million in debt, borrowed from Ally Bank. Within the portfolio, all identified are industrial properties. They are all located in Bronx.

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