Valon Gashi pays $5.7M for 3 walkups on Staten Island

Valon Gashi paid a total of $5.725 million for three walkup buildings on Staten Island in two transactions with different sellers.

In the larger deal, Valon Gashi through the entity 227 Buel Ave LLC paid $3 million to John LaRosa for the 12-unit residential walkup building (C1) at 227 Buel Avenue in Midland Beach, Staten Island. The expected use is cash flowing.
The deal closed on May 20, 2026 and was recorded on June 18, 2026. The property has 7,956 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $370 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 John LaRosa was John LaRosa. The signatory for Valon Gashi was Valon Gashi. The contract date was January 29, 2026.

In the second deal, Valon Gashi through the entity 63-65 Titus Ave LLC paid $2.8 million to Mohamed Njeidi through the entity Njeidi Realty LLC for the five-unit residential walkup building (C2) at 63 Titus Avenue in New Dorp Beach, Staten Island and five-unit residential walkup building (C2) at 65 Titus Avenue in New Dorp Beach, Staten Island. The expected use is cash flowing.
The deal closed on May 17, 2026 and was recorded on June 18, 2026. The two properties have 7,200 square feet of built space and 5,074 square feet of additional air rights for a total buildable of 12,276 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $385 and the price per buildable square foot is $226 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 Mohamed Njeidi was Mohamed Njeidi. The signatory for Valon Gashi was Valon Gashi. The contract date was November 10, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Valon Gashi purchased two properties in two transactions for a total of $7.6 million and has no record it sold any properties over the past 24 months.
The seller John LaRosa had not purchased any other properties and sold one property in one transaction for a total of $3.5 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes John Larosa, head officer and Gabriella Pugliese , officer. The business entity is Buel Avenue Llc. The 7,956-square-foot property generated revenue of $244,132 or $31 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 12 residential units in Midland Beach has 7,956 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 70 feet and is 128 feet deep with a total lot size of 10,080 square feet. The lot is irregular. The zoning is R3X which allows for up to 0.5 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1 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 not received any significant violations 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 42 percent of the 21,666 square feet of built space are office buildings, with walkup buildings next occupying 37 percent of the space.

The buyer

The PincusCo database currently indicates that Valon Gashi owned at least two commercial properties with 54 residential units in New York City with 41,751 square feet and a PincusCo-determined asset value of $7.6 million. Within the portfolio, all identified are walkup properties. The bulk, or 76 percent of the built space, is in Bronx, with Staten Island next at 23 percent of the space.

Direct link to Acris document. link
Direct link to Acris document. link