Pious Society of St. Paul pays $3.5M for retail in Staten Island

Pious Society of St. Paul through the entity Pious Society Of St. Paul Inc. paid $3.5 million to Thomas Beyar through the entity 2246 Victory Realty LLC for the mixed-use building (K4) at 2246 Victory Boulevard in Castleton Corner, Staten Island and mixed-use building (K4) at 2248 Victory Boulevard in Castleton Corner, Staten Island.
The deal closed on January 29, 2026 and was recorded on March 13, 2026. The two properties have 4,825 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $725 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 Thomas Beyar was Thomas Beyar. The signatory for Pious Society of St. Paul was Suzanne Melnyk Tripp. Thomas Beyar is an owner of the grocery store Beyars Market, which is across the street at 2241 Victory Boulevard.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Pious Society Of St. Paul had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Thomas Beyar had not purchased any other properties and had not sold any properties over the same time period. The two properties with a total of 4,825 square feet of built space generated revenue of $271,759 per year or $56 per square foot. The sale price per square foot was $725.

The property

The mixed-use building with 1 residential units in Castleton Corner has 4,825 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 60 feet and is 108 feet deep with a total lot size of 2,866 square feet. The zoning is R3-2 which allows for up to 0.5 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $732,000.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations in the last year.

Development

For the tax lot buildings, one out of the two buildings received a initial certificate of occupancy in the last ten years. 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

There are no active new building construction projects on this tax block.

The majority, or 51 percent of the 39,857 square feet of built space are walkup buildings, with retail buildings next occupying 24 percent of the space.

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