John Russo sells warehouse space in Charleston, SI, for $33.3M
2807 Arthur Kill Road (Credit - Cyclomedia)
The entity 2807 Arthur Mazal LLC paid John Russo through the entity 2777 Arthur Kill LLC $33.3 million for a commercial condominium unit composing the ground floor space and additional space at 2807 Arthur Kill Road in Charleston, Staten Island.
The deal closed on December 31, 2025 and was recorded on January 9, 2026. The condo unit has 126,807 square feet of built space according to a PincusCo analysis of city data. The blended price per built square foot for all the space including cellar, is $262.6 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 buyer shares an address with ProX Live Performance Gear , a tenant in the building.
The warehouse was owned and built by John Russo.
Prior sales, articles and revenue
Prior to this transaction, PincusCo has no record that the buyer ProX Live Performance Gear had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller John Russo had not purchased any other properties and had not sold any properties over the same time period.
The property
PincusCo cannot determine the lot area of the 2807 Arthur Kill Road parcel at this time.
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
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 the tax block, there were three new building construction projects totaling 292,218 square feet. The largest is a one-unit, 157,901 square-foot storage (S-2) building submitted by John Russo with plans filed January 5, 2017 and it has not been permitted yet. The second largest is a 78,952 square-foot business (B) building submitted by John Russo with plans filed April 12, 2019 and permitted December 6, 2022.
The majority, or 100 percent of the 1,500 square feet of built space are industrial buildings, with development buildings next occupying 0 percent of the space.
The seller
The PincusCo database currently indicates that John Russo owned at least three commercial properties with 60 residential units in New York City with 27,314 square feet and a city-determined market value of $4.8 million. (Market value is typically about 50% of actual value.) The portfolio has $27.4 million in debt, with top three lenders as Preferred Bank, Emerald Creek Capital, and Cross River Bank, respectively. Within the portfolio, the bulk, or 78 percent of the 27,314 square feet of built space are elevator properties, with walkup properties next occupying 16 percent of the space. They are all located in Brooklyn.
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