Lotus Management pays $1.3M to Getty Realty for gas station in Belmont

Lotus Management through the entity 4643 Third Ave Realty LLC paid $1.3 million to Getty Realty Corp. through the entity Leemilt’s Petroleum Inc. for the gas station location (G4) at 4643 Third Avenue in Belmont, the Bronx. The expected use is owner-occupied as Lotus Markets already occupies a portion of the space.
The deal closed on December 29, 2025 and was recorded on January 7, 2026. The property has 1,962 square feet of built space and 27,124 square feet of additional air rights for a total buildable of 29,088 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $662 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 Getty Realty Corp. was Elena Lokis . The signatory for Lotus Management was Rahul Nabe .

Getty Realty purchased 242 Dyckman Street in Washington Heights for $7 million on the same day, December 29, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Lotus Management had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Getty Realty Corp. had not purchased any other properties and had not sold any properties over the same time period.

The property

The industrial building in Belmont/Little Italy has 1,962 square feet of built space and 27,124 square feet of additional air rights for a total buildable of 29,088 square feet according to a PincusCo analysis of city data. The parcel has frontage of 165 feet and is 91 feet deep with a total lot size of 7,272 square feet. The lot is irregular. The zoning is M1-4/R7A which allows for up to 2 times floor area ratio (FAR) for manufacturing and up to 4 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $770,000.

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 $850 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 Belmont/Little Italy, The bulk, or 43 percent of the 14.3 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 26 percent of the space. In sales, Belmont/Little Italy has the 23rd highest sale turnover among other neighborhoods in Bronx with $68.5 million in sales volume in the last two years. For development, Belmont/Little Italy has had very little major development activity relative to other neighborhoods.It had 771,443 square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of six of the 12 commercial properties representing 184,834 square feet of the 201,196 square feet. The largest owner is Peter Fine, followed by Romina Pour and then Emerald Equity Group.
On the tax block, there was one new building construction project filed totaling 14,956 square feet. It is a 22-unit, 14,956 square-foot residential (R-2) building submitted by Ejll Veshtaj with plans filed May 8, 2020 and it has not been permitted yet.

The majority, or 48 percent of the 201,196 square feet of built space are elevator buildings, with walkup buildings next occupying 44 percent of the space.

The buyer

The PincusCo database currently indicates that Lotus Management owned at least three commercial properties in New York City with 37,670 square feet and a city-determined market value of $13.3 million. (Market value is typically about 50% of actual value.) Within the portfolio, all identified are retail properties. The bulk, or 67 percent of the built space, is in Brooklyn, with Queens next at 17 percent of the space.

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