SAPS Wholesale Inc. pays $8.3M for warehouse in Soundview

SAPS Wholesale Inc. through the entity Bronx River 935 LLC paid $8.3 million to Dominic Ferrovecchio through the entity 935 Bronx River Avenue LLC for the warehouse building (G2) at 935 Bronx River Avenue in Soundview, Bronx.
The deal closed on December 17, 2025 and was recorded on December 31, 2025. The property has 34,888 square feet of built space and 12,187 square feet of additional air rights for a total buildable of 46,875 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $237 and the price per buildable square foot is $177 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 Dominic Ferrovecchio was Dominic Ferrovecchio. The signatory for SAPS Wholesale Inc. was Nimesh Amin . The contract date was November 18, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer SAPS Wholesale Inc. purchased one property in one transaction for a total of $5.8 million and has no record it sold any properties over the past 24 months.
The seller Dominic Ferrovecchio had not purchased any other properties and had not sold any properties over the same time period. The 34,888-square-foot property generated revenue of $360,393 or $10 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Soundview has 34,888 square feet of built space and 12,187 square feet of additional air rights for a total buildable of 46,875 square feet according to a PincusCo analysis of city data. The parcel has frontage of 176 feet and is 258 feet deep with a total lot size of 46,875 square feet. The lot is irregular. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $2.2 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 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 Soundview, The majority, or 60 percent of the 21.7 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 20 percent of the space. In sales, Soundview has had very little sales volume relative to other neighborhoods with $147 million in sales volume in the last two years. For development, Soundview has 1.6 times the average amount of major developments relative to other neighborhoods and is the 3rd highest in Bronx. It had 2.4 million square feet of commercial and multi-family construction under development in the last two years, which represents 11 percent of the neighborhood’s built space.

The block

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

The majority, or 100 percent of the 125,548 square feet of built space are industrial buildings, with specialty buildings next occupying 0 percent of the space.

The buyer

The PincusCo database currently indicates that Saps Wholesale Inc. owned at least two commercial properties in New York City with 29,800 square feet and a city-determined market value of $1.6 million. (Market value is typically about 50% of actual value.) Within the portfolio, all identified are industrial properties. They are all located in Bronx.

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