M. Yeheda Kohn pays $5.9M to YMY Acquisitions for 56-unit rental in Morrisania

M. Yeheda Kohn through the entity Mck Franklin LLC paid $5.9 million to YMY Acquisitions through the entity 1250 Estates LLC for the 56-unit residential elevator building (D1) at 1250 Franklin Avenue in Morrisania, Bronx. The expected use is cash flowing.
The deal closed on October 23, 2025 and was recorded on November 14, 2025. The property has 59,814 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $98 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 seller bought the property on March 23, 2017, for $8.8 million. The signatory for YMY Acquisitions was Simcha Applegrad . The signatory for M. Yeheda Kohn was M. Yeheda Kohn. The contract date was May 13, 2025.

The sale was brokered by Rosewood Realty Group’s Aaron Jungreis, Ben Khakshoor, Alex Fuchs and Reouven Elharar.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer M. Yeheda Kohn had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller YMY Acquisitions had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Edwin Rivera, head officer and Arie Weissman, officer. The business entity is 1250 Estates Llc. The 59,814-square-foot property generated revenue of $935,748 or $16 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 56 residential units in Morrisania has 59,814 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 93 feet and is 185 feet deep with a total lot size of 17,300 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $3.5 million. The property has 54 rent regulated units according to city tax records from 2022.

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 233 housing violations, $3,700 in OATH penalties, and one housing litigation 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 this tax block, PincusCo has identified the owners of 10 of the 15 commercial properties representing 330,346 square feet of the 446,052 square feet. The largest owner is Nyc Department Of Education, followed by Simcha Applegrad and then Chestnut Holdings Of New York.
On the tax block, there was one new building construction project filed totaling 75,939 square feet. It is a 60-unit, 75,939 square-foot residential (R-2) building submitted by PWB Management and filed by Peter Bourbeau with plans filed February 26, 2021 and it has not been permitted yet.

The majority, or 42 percent of the 446,052 square feet of built space are walkup buildings, with elevator buildings next occupying 30 percent of the space.

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