Westbridge Realty pays $7.2M to Catholic order for dev site in Bronx

Westbridge Realty Group through the entity 3305 Bx Associates LLC paid $7.2 million to Servants of Mary Ministers to the Sick for the religious building (M4) at 3305 Country Club Road in Country Club, Bronx. The expected use is redevelopment.

On the lot, there is one active new building construction project, X01345266, for a 82-unit, 47,550 square-foot residential (R-2) building. The project was submitted by Westbridge Realty Group and filed by Steven Westreich with plans filed January 13, 2026 and it has not been permitted yet. The Bronx Times reported on the new filing earlier this year.
The deal closed on April 15, 2026 and was recorded on April 17, 2026. The property has 30,888 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $233 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 Servants of Mary Ministers to the Sick was Sister Alicia Hermosillo Reynoso. The signatory for Westbridge Realty Group was Steven Westreich . The contract date was May 28, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Westbridge Realty Group purchased 10 properties in five transactions for a total of $29.2 million and has no record it sold any properties over the past 24 months.
The seller Servants of Mary Ministers to the Sick had not purchased any other properties and had not sold any properties over the same time period.

The property

The specialty building in Country Club has 30,888 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 236 feet and is 231 feet deep with a total lot size of 58,000 square feet. The lot is irregular. The zoning is R3-1 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 $7.5 million.

Transaction Participants

Aaron Stein at Stein Farkas & Schwartz LLP participated in the transaction on behalf of the buyer Steven Westreich .

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.

The neighborhood

In Country Club, The bulk, or 38 percent of the 103,944 square feet of commercial built space are mixed-use buildings, with specialty buildings next occupying 32 percent of the space. In sales, Country Club has the 49th highest sale turnover among other neighborhoods in Bronx with $660,000 in sales volume in the last two years. For development, Country Club has had very little major development activity relative to other neighborhoods.It had 48,151 square feet of commercial and multi-family construction under development in the last two years, which represents 46 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of two of the 16 commercial properties representing zero square feet of the 33,480 square feet. The identified owner is City Of New York.
On the tax block, there were three new building construction projects totaling 53,023 square feet. The largest is a 82-unit, 47,550 square-foot residential (R-2) building submitted by Westbridge Realty Group and filed by Steven Westreich with plans filed January 13, 2026 and it has not been permitted yet. The second largest is a one-unit, 3,067 square-foot residential (R-3) building submitted by Cosmo Montemurro with plans filed May 6, 2020 and it has not been permitted yet.

The majority, or 100 percent of the 33,480 square feet of built space are specialty buildings, with development buildings next occupying 0 percent of the space.

The buyer

The PincusCo database currently indicates that Westbridge Realty Group owned at least 26 commercial properties with 75 residential units in New York City with 129,250 square feet and a city-determined market value of $181.8 million. (Market value is typically about 50% of actual value.) The portfolio has $132.1 million in debt, with top three lenders as IceCap Group, Ponce Bank, and Cross River Bank respectively. Within the portfolio, the bulk, or 22 percent of the 129,250 square feet of built space are retail properties, with mixed-use properties next occupying 19 percent of the space. The bulk, or 76 percent of the built space, is in Bronx, with Brooklyn next at 23 percent of the space.

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