MSA Investments pays $4M to BNS Real Estate for medical office in Morrisania

MSA Investments through the entity Webster Real Estates LLC paid $4 million to BNS Real Estate through the entity 1210 Webster Avenue, LLC for the medical office building (O7) at 1210 Webster Avenue in Morrisania, Bronx.
The deal closed on July 30, 2025 and was recorded on August 14, 2025. The property has 6,250 square feet of built space and 11,068 square feet of additional air rights for a total buildable of 17,294 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $640 and the price per buildable square foot is $231 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 BNS Real Estate was Bradford S. Barr . The signatory for MSA Investments was Muhammed Andha . The contract date was March 5, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer MSA Investments purchased three properties in three transactions for a total of $14.5 million and has no record it sold any properties over the past 24 months.
The seller BNS Real Estate had not purchased any other properties and sold 13 properties in 12 transactions for a total of $64.7 million over the same time period. The 6,250-square-foot property generated revenue of $313,187 or $50 per square foot, according to the most recent income and expense figures.

The property

The office building in Morrisania has 6,250 square feet of built space and 11,068 square feet of additional air rights for a total buildable of 17,294 square feet according to a PincusCo analysis of city data. The parcel has frontage of 124 feet and is 100 feet deep with a total lot size of 17,294 square feet. The lot is irregular. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $1.9 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 $600 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on May 31, 2019. 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 Morrisania, The majority, or 52 percent of the 25.4 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 20 percent of the space. In sales, Morrisania has had very little sales volume relative to other neighborhoods with $213.4 million in sales volume in the last two years. For development, Morrisania has had very little major development activity relative to other neighborhoods.It had 722,650 square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of one of the eight commercial properties representing 20,732 square feet of the 96,474 square feet. The identified owner is Yisroel Felberbaum.
There are no active new building construction projects on this tax block.

The majority, or 57 percent of the 96,474 square feet of built space are mixed-use buildings, with industrial buildings next occupying 21 percent of the space.

The seller

The PincusCo database currently indicates that Bns Real Estate owned at least two commercial properties with 80 residential units in New York City with 139,803 square feet and a city-determined market value of $14.4 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 56 percent of the 139,803 square feet of built space are industrial properties, with elevator properties next occupying 44 percent of the space. The bulk, or 56 percent of the built space, is in Bronx, with Brooklyn next at 44 percent of the space.

The buyer

The PincusCo database currently indicates that Msa Investments owned at least three commercial properties in New York City with 41,982 square feet and a city-determined market value of $5.4 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 76 percent of the 41,982 square feet of built space are mixed-use properties, with retail properties next occupying 24 percent of the space. The bulk, or 76 percent of the built space, is in Bronx, with Manhattan next at 24 percent of the space.

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