Robert Lumaj pays $3M for dev site in Westchester Square

Robert Lumaj through the entity 1528 Williamsbridge LLC paid $3 million to the entity 1528 KA Realty Inc for the development site at the former retail building (K1) at 1528 Williamsbridge Road in Westchester Square, Bronx. The expected use is ground up development.
The deal closed on June 8, 2026 and was recorded on June 23, 2026. The property has 3,750 square feet of built space and 17,832 square feet of additional air rights for a total buildable of 21,599 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $800 and the price per buildable square foot is $138 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 seller bought the property on November 18, 2019, for $1.1 million. The signatory for the sellers were Troy Perez , Kevin Alicea, and Rubin Rodriguez. The signatory for Robert Lumaj was Robert Lumaj. The contract date was February 3, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Robert Lumaj purchased one property in one transaction for a total of $7.9 million and has no record it sold any properties over the past 24 months.
The seller Troy Perez had not purchased any other properties and sold one property in one transaction for a total of $2.4 million over the same time period. The 3,750-square-foot property generated revenue of $143,363 or $38 per square foot, according to the most recent income and expense figures.

The property

The retail building in Westchester Square has 3,750 square feet of built space and 17,832 square feet of additional air rights for a total buildable of 21,599 square feet according to a PincusCo analysis of city data. The parcel has frontage of 75 feet and is 83 feet deep with a total lot size of 6,279 square feet. The zoning is R7-2 which allows for up to 3.44 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $589,000.

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, $10,655 in ECB penalties, and $50 in OATH penalties in the last year.

Development

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 Westchester Square, The bulk, or 30 percent of the 5.3 million square feet of commercial built space are walkup buildings, with office buildings next occupying 18 percent of the space. In sales, Westchester Square has had very little sales volume relative to other neighborhoods with $146.5 million in sales volume in the last two years. For development, Westchester Square has had very little major development activity relative to other neighborhoods.It had 218,825 square feet of commercial and multi-family construction under development in the last two years, which represents 4 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of two of the seven commercial properties representing 17,560 square feet of the 41,976 square feet. The identified owner is Anthony Martello .
On the tax block, there were three new building construction projects totaling 25,814 square feet. The largest is a 36-unit, 23,294 square-foot residential (R-2) building submitted by Gjergj Bujaj and filed by Gjergj Bujaj with plans filed February 25, 2026 and it has not been permitted yet. The second largest is a 1,344 square-foot business (B) building submitted by Jagjit Singh with plans filed June 22, 2020 and it has not been permitted yet.

The majority, or 48 percent of the 41,976 square feet of built space are office buildings, with specialty buildings next occupying 43 percent of the space.

The buyer

The PincusCo database currently indicates that Robert Lumaj owned at least two commercial properties with 73 residential units in New York City with 4,848 square feet and a PincusCo-determined asset value of $51.1 million. The portfolio has $32.5 million in debt, borrowed from NorthEast Community Bank . Within the portfolio, all identified are mixed-use properties.

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