1500 Watson Avenue

Owner: Mendel Kaff

Acquired: April 16, 2026, $4.1 million

Debt: April 16, 2026, $5 million

Built: 1950

SF: 66,000

Dwelling units: 84

No. of buildings: 1

Class: Garden Apartments/Mobile Home Park/Trailer Park (C9)

Floors: 3

HPD Ownership Registration Information

Last registered: 2026-04-30 (expires 2026-09-01)

Transactions:

• Cedarbridge Management borrowed $5 million from Esquire Bank for 1050 Wheeler Avenue and 1085 Colgate Avenue, Soundview, Bronx on April 16, 2026.

• Esquire Bank sold 1050 Wheeler Avenue, Soundview, Bronx for $4.1 million to Cedarbridge Management on April 16, 2026.

• Mendel Kaff borrowed $11.2 million from Esquire Bank for 1050 Wheeler Avenue, 1085 Colgate Avenue, Soundview, Bronx on July 15, 2020.

• Related Companies sold 1050 Wheeler Avenue, Soundview, Bronx for $9.3 million to Mendel Kaff on July 15, 2020.

Development:

• David Kornitzer filed major alteration job 210182087 for 80,905 sqft R-2 building with 100 apartments in Soundview, Bronx, on October 20, 2020.

• David Kornitzer filed alteration job X00659545 for 109,388 sqft building with 104 apartments in Soundview, Bronx, on May 16, 2022.

• David Kornitzer filed alteration job X00689836 for 109,388 sqft R-2 building with 104 apartments in Soundview, Bronx, on April 25, 2022.

• David Kornitzer filed alteration job X00668691 for 39,541 sqft R-2 building with 104 apartments in Soundview, Bronx, on March 21, 2022.

• David Kornitzer filed alteration job X00659220 for 109,388 sqft R-2 building with 104 apartments in Soundview, Bronx, on March 10, 2022.

• Ted Mejia filed alteration job 240212293 for RES building with 60 apartments in Soundview, Bronx, on January 24, 2018.

Violations:

According to city public data, the properties have received one DOB violation, $18,750 in ECB penalties, 70 housing violations, $21,850 in OATH penalties, and six housing litigations in the last year.

Latest Stories:

• Mendel Kaff files plans for $2.3M project to add 40 units to recently purchased Soundview rental (October 23, 2020)

• Mendel Kaff borrows $11.2M from Esquire Bank for rental purchase in Soundview (July 16, 2020)