Joseph Fazzia pays $4.5M for mixed-use in Rossville

Joseph Fazzia paid $4.5 million to Michael Freundlich through the entity 2200 A.K.R. Associates LLC for the mixed-use building (K2) at 2200 Arthur Kill Road in Rossville, Staten Island.
The deal closed on March 20, 2026 and was recorded on May 13, 2026. The property has 12,480 square feet of built space and 88,830 square feet of additional air rights for a total buildable of 101,520 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $360 and the price per buildable square foot is $44 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 Michael Freundlich was Michael Freundlich. The signatory for Joseph Fazzia was Joseph Fazzia Sr.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Joseph Fazzia purchased three properties in one transaction for a total of $7.2 million and has no record it sold any properties over the past 24 months.
The seller Michael Freundlich had not purchased any other properties and had not sold any properties over the same time period. The 12,480-square-foot property generated revenue of $532,712 or $43 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building in Rossville has 12,480 square feet of built space and 88,830 square feet of additional air rights for a total buildable of 101,520 square feet according to a PincusCo analysis of city data. The parcel has frontage of 282 feet and is 180 feet deep with a total lot size of 50,760 square feet. The zoning is M2-1 which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $29,000.

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 $200 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on September 16, 2015. 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 two new building construction projects totaling 8,233 square feet. The largest is a two-unit, 4,116 square-foot residential (R-3) building submitted by Michael Early with plans filed January 8, 2026 and it has not been permitted yet. The second largest is a two-unit, 4,116 square-foot residential (R-3) building submitted by Michael Early with plans filed January 8, 2026 and it has not been permitted yet.

The majority, or 45 percent of the 55,721 square feet of built space are industrial buildings, with mixed-use buildings next occupying 38 percent of the space.

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