Solomon Abramczyk pays $10.8M for nursing home in North Riverdale

Solomon Abramczyk through the entity 6585 Broadway Realty LLC paid $10.8 million to Frank Golio through the entity Piccadilly International, LLC for the nursing home property (I6) at 6585 Broadway in North Riverdale, Bronx. The expected use is cash flowing. Solomon Abramczyk is already an owner of the operating company at the 200-bed nursing home Park Gardens Rehabilitation and Nursing Center.
The deal closed on March 10, 2025 and was recorded on March 17, 2025. The property has 59,499 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $181 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 Frank Golio was Frank Golio. The signatory for Solomon Abramczyk was Solomon Abramczyk. The contract date was February 4, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Solomon Abramczyk had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Frank Golio had not purchased any other properties and had not sold any properties over the same time period.

The property

The property in North Riverdale has 59,499 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 125 feet and is 100 feet deep with a total lot size of 12,500 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $8.5 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 $2,500 in ECB penalties and $3,250 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 block

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

The majority, or 98 percent of the 60,731 square feet of built space are specialty buildings, with industrial buildings next occupying 2 percent of the space.

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