Koudis International signs $2.4M refi with FourLeaf Federal for mixed-use in Mt Eden

Koudis International through the entity 501 73 Realty, LLC as borrower signed a refi loan with lender FourLeaf Federal Credit Union valued at $2.4 million for the mixed-use building (K1) at 1326-1330 Jerome Avenue in Mt Eden, Bronx.
The deal closed on March 30, 2026 and was recorded on April 13, 2026. The prior lender was Citizens Bank which held debt that had an original loan amount of $2.9 million.The property has 9,543 square feet of built space and 23,834 square feet of additional air rights for a total buildable of 33,368 square feet according to a PincusCo analysis of city data. The loan price per built square foot is $251 and the price per buildable square foot is $71 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 owner bought the property on December 10, 2008, for $965,000. The signatory for Koudis International was Michael Koulouroudis . The signatory for FourLeaf Federal Credit Union was Julian Cokro .

Prior sales, articles and revenue

The 9,543-square-foot property generated revenue of $329,165 or $34 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building in Mt Eden has 9,543 square feet of built space and 23,834 square feet of additional air rights for a total buildable of 33,368 square feet according to a PincusCo analysis of city data. The parcel has frontage of 95 feet and is 57 feet deep with a total lot size of 5,543 square feet. The zoning is R8A which allows for up to 6.02 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.5 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 received $300 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 neighborhood

In Mt Eden, The majority, or 51 percent of the 10.3 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 27 percent of the space. In sales, Mt Eden has the 27th highest sale turnover among other neighborhoods in Bronx with $55.9 million in sales volume in the last two years. For development, Mt Eden has had very little major development activity relative to other neighborhoods.It had 778,803 square feet of commercial and multi-family construction under development in the last two years, which represents 8 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of eight of the 13 commercial properties representing 433,002 square feet of the 702,931 square feet. The largest owner is Kraus Organization, followed by Lemle & Wolff and then Mitchel Berkowitz.
There are no active new building construction projects on this tax block.

The majority, or 78 percent of the 702,931 square feet of built space are elevator buildings, with walkup buildings next occupying 20 percent of the space.

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