Mohamed Alkaifi pays $3.1M for mixed-use in Wakefield

Mohamed Alkaifi through the entity 4185 Wpr LLC paid $3.1 million to Anthony J. Puma Jr. through the entity Vap Properties Co., Inc. for the two-unit mixed-use building (K4) at 4189 White Plains Road in Wakefield, Bronx. The expected use is cash flowing.
The deal closed on September 11, 2025 and was recorded on September 23, 2025. The property has 8,088 square feet of built space and 8,453 square feet of additional air rights for a total buildable of 16,565 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $383 and the price per buildable square foot is $187 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 Anthony J. Puma Jr. was Anthony Puma Jr. . The signatory for Mohamed Alkaifi was Siamak Darouvar . The contract date was July 10, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Mohamed Alkaifi had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Anthony J. Puma Jr. had not purchased any other properties and sold one property in one transaction for a total of $2.7 million over the same time period. The 8,088-square-foot property generated revenue of $276,448 or $34 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building with 2 residential units in Wakefield has 8,088 square feet of built space and 8,453 square feet of additional air rights for a total buildable of 16,565 square feet according to a PincusCo analysis of city data. The parcel has frontage of 64 feet and is 105 feet deep with a total lot size of 6,817 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 $1.3 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 $21,680 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 Wakefield, The bulk, or 34 percent of the 9.5 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 27 percent of the space. In sales, Wakefield has had very little sales volume relative to other neighborhoods with $113 million in sales volume in the last two years. For development, Wakefield has had very little major development activity relative to other neighborhoods.It had 212,936 square feet of commercial and multi-family construction under development in the last two years, which represents 2 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of nine of the 15 commercial properties representing 240,594 square feet of the 301,582 square feet. The largest owner is Finkelstein Timberger East Real Estate, followed by Ved Parkash and then Morgan Group.
On the tax block, there was one new building construction project filed totaling 62,566 square feet. It is a 92-unit, 62,566 square-foot residential (R-2) building submitted by Stagg Group and filed by Mark Stagg with plans filed September 28, 2021 and permitted January 11, 2024.

The majority, or 55 percent of the 301,582 square feet of built space are walkup buildings, with elevator buildings next occupying 38 percent of the space.

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