1257 St Lawrence Avenue

Owner: Michael Ostad

Acquired: January 05, 2024, $2.4 million

Debt: June 01, 2026, $4.1 million

Built: 1924

Renovated: 1959

SF: 3,550

Dwelling units: 0

No. of buildings: 1

Class: One Story Store Building (K1)

Floors: 1

Transactions:

• Michael Ostad borrowed $4.1 million from Bank of Montreal for 1772 Westchester Avenue, Soundview, Bronx on June 01, 2026.

• Frank Fea sold 1772 Westchester Avenue, Soundview, Bronx for $2.4 million to Michael Ostad and Edward Ostad on January 05, 2024.

Development:

• Nagmoddin Zaid filed alteration job X01261813 for 100 sqft COM building with 0 apartments in Soundview, Bronx, on August 04, 2025.

• Marco Raffa filed alteration job X01065626 for 836 sqft COM building with 0 apartments in Soundview, Bronx, on July 10, 2024.

• Marco Raffa filed alteration job X01076989 for 156 sqft building with 0 apartments in Soundview, Bronx, on July 08, 2024.

• Mamun Shahid filed alteration job 240254014 for COM building in Soundview, Bronx, on May 10, 2019.

• Mamun Shahid filed alteration job 220669159 for COM building with 5 apartments in Soundview, Bronx, on November 02, 2018.

Violations:

According to city public data, the properties have received four DOB violations, $6,250 in ECB penalties, and $6,680 in OATH penalties in the last year.