Yellow Jacket Ventures pays $2.5M for 49-unit rental in Soundview

Yellow Jacket Ventures through the entity Commonwealth Bronx LLC paid $2.5 million to Marco Cepeda through the entity 2332 Walton Realty Inc. for the 49-unit residential elevator building (D1) at 1326 Commonwealth in Soundview, Bronx. The expected use is cash flowing.
The deal closed on May 28, 2026 and was recorded on June 9, 2026. The property has 35,624 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $68 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 May 31, 2007, for $3.9 million. The signatory for Marco Cepeda was Marco Cepeda. The signatory for Yellow Jacket Ventures was Akiva J. Kurland . The contract date was April 27, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Yellow Jacket Ventures purchased two properties in two transactions for a total of $12.4 million and has no record it sold any properties over the past 24 months.
The seller Marco Cepeda had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Marco Cepeda, head officer and Jose Benitez, site manager. The business entity is 2332 Walton Realty Inc. The 35,624-square-foot property generated revenue of $600,309 or $17 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 49 residential units in Soundview has 35,624 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 100 feet deep with a total lot size of 10,000 square feet. The zoning is R5 which allows for up to 1.25 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.4 million. The property has 47 rent regulated units according to city tax records from 2024.

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 $32,535 in ECB penalties, $31,145 in OATH penalties, and two housing litigations 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

On this tax block, PincusCo has identified the owners of one of the six commercial properties representing 22,690 square feet of the 88,910 square feet. The identified owner is Finkelstein Timberger East Real Estate .
On the tax block, there was one new building construction project filed totaling zero square feet. It is a 54 building submitted by Amanecer De La Esperanza and filed by Marcos Sebastian with plans filed November 2, 2023 and it has not been permitted yet.

The majority, or 41 percent of the 88,910 square feet of built space are walkup buildings, with elevator buildings next occupying 40 percent of the space.

The seller

The PincusCo database currently indicates that Marco Cepeda owned at least one commercial property with 49 residential units in New York City with 42,500 square feet and a PincusCo-determined asset value of $7.6 million. The portfolio has $5.7 million in debt, borrowed from New York Community Bank . The portfolio consists of at least a single walkup property.

The buyer

The PincusCo database currently indicates that Yellow Jacket Ventures owned at least six commercial properties with 223 residential units in New York City with 146,653 square feet and a PincusCo-determined asset value of $45.3 million. The portfolio has $39.5 million in debt, with top three lenders as Amalgamated Bank , NorthEast Community Bank , and JPMorgan Chase respectively. Within the portfolio, the bulk, or 66 percent of the 146,653 square feet of built space are elevator properties, with walkup properties next occupying 28 percent of the space. The bulk, or 85 percent of the built space, is in Brooklyn, with Bronx next at 14 percent of the space.

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