Prime Rok Real Estate pays $8.9M to Sopher Group for parcel in Fordham Heights

Prime Rok Real Estate through the entity 2218 Jerome Holdings LLC paid $8.9 million to Sopher Group through the entity 2218 Jerome LLC for the commercial building at 2218 Jerome Avenue in Fordham Heights, Bronx. The former garage was renovated into an office space, according to a listing on LoopNet, which says it could be a redeveloped as well.
The deal closed on December 3, 2025 and was recorded on December 26, 2025. The property has 29,600 square feet of built space and 29,600 square feet of additional air rights for a total buildable of 59,200 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $301 and the price per buildable square foot is $150 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 Sopher Group was Barbara Sopher . The signatory for Afshin Hedvat‘s Prime Rok Real Estate was Joseph Franco . The contract date was May 15, 2025.

At the same time, the new owner borrowed $10.7 million from OakNorth Bank, in what the filing describes as a “gap mortgage.”

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Prime Rok Real Estate had purchased any other properties and sold one property in one transaction for a total of $19.2 million over the past 24 months.
The seller Sopher Group had not purchased any other properties and sold one property in one transaction for a total of $7.9 million over the same time period.

The property

The industrial building in Fordham Heights has 29,600 square feet of built space and 29,600 square feet of additional air rights for a total buildable of 59,200 square feet according to a PincusCo analysis of city data. The parcel has frontage of 148 feet and is 100 feet deep with a total lot size of 14,800 square feet. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.4 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 one DOB violation and $1,580 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on January 10, 2013. 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 Fordham Heights, The bulk, or 46 percent of the 16.3 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 35 percent of the space. In sales, Fordham Heights has had very little sales volume relative to other neighborhoods with $129.3 million in sales volume in the last two years. For development, Fordham Heights has had very little major development activity relative to other neighborhoods.It had 1.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 7 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of five of the 18 commercial properties representing 128,304 square feet of the 290,351 square feet. The largest owner is Angela Gazivoda, followed by Michael Friedman and then Sopher Group.
There are no active new building construction projects on this tax block.

The majority, or 32 percent of the 290,351 square feet of built space are elevator buildings, with specialty buildings next occupying 19 percent of the space.

The seller

The PincusCo database currently indicates that Sopher Group owned at least 35 commercial properties in New York City with 368,847 square feet and a city-determined market value of $77 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 73 percent of the 368,847 square feet of built space are retail properties, with mixed-use properties next occupying 16 percent of the space. The bulk, or 81 percent of the built space, is in Bronx, with Manhattan next at 19 percent of the space.

The buyer

The PincusCo database currently indicates that Prime Rok Real Estate owned at least three commercial properties with 24 residential units in New York City with 16,335 square feet and a city-determined market value of $4.3 million. (Market value is typically about 50% of actual value.) The portfolio has $11.3 million in debt, with top three lenders as Sterling National Bank, Toorak Capital Partners, and SilverRock Development Company respectively. Within the portfolio, the bulk, or 100 percent of the 16,335 square feet of built space are elevator properties, with development properties next occupying 0 percent of the space. They are all located in Brooklyn.

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