Bronx Buyer Files for 98 Units 2 Days After $12.35M Washington Av Deal
The buyer's DOB job for a 9-story, 98-apartment building was filed Sept. 25, two days after the Sept. 23 deed date.
Four mortgages totaling $25 million from ICE Lender Holdings were recorded Oct. 7 against a $12.35 million deed at 1256 Washington Avenue in Morrisania, the Bronx, and DOB NOW shows a 98-apartment new-building job filed Sept. 25, two days after the deed’s Sept. 23 document date, per ACRIS and DOB.
Why it matters
The buyer moved from closing to a filing for a 9-story building in two days, so the plan for the site was ready before the title was. The loans total 202% of the price, and the record does not say what the extra $12.65 million is for, so we do not guess. The DOB job, X01462708-I1, is still Incomplete with an initial cost of $0, so no construction budget is on file yet.
The numbers
The deed moves the lot from Roldolfo Enterprises II LLC to Morrisania Commons LLC for $12,350,000, or about $126,020 per planned apartment and $145 per square foot of the 85,331 square feet on the filing. PLUTO shows a 39,000-square-foot lot in an R7-1 district with a one-story institutional building from 1966, so the price is $317 per lot square foot.
The financing is one $10,000,000 mortgage and three of $5,000,000 (first, second 2026100500959008, third 2026100500959011), all to ICE Lender Holdings LLC, each paired with an assignment of leases and a UCC filing. The same lender backed a Brooklyn deal this week at 188% of price.
The seller’s gain cannot be read from the record. ACRIS shows only a 2011 deed from Rodolfo Enterprises Ltd. to Rodolfo Enterprises II LLC with no price, so there is no earlier sale to measure against. The DOB filing was prepared by Glass Architecture DPC with Speedy Expediting Inc. as filing representative, and it lists Westorchard Management as owner business. The deed does not show who signs for Morrisania Commons LLC, so we do not say that Westorchard controls the buyer.
What’s next
Watch for DOB moving the job out of Incomplete, a cost figure on the filing, and any demolition filing for the existing building. For more Bronx filings read against records, see the New York market page, or 2256 Walton Avenue.
On the record
What we checked ourselves, and where you can check it too.
- Public recordACRIS deed 2026100500959001 conveys 1256 Washington Avenue (block 2373, lot 14) from Roldolfo Enterprises II LLC to Morrisania Commons LLC for $12,350,000, with a document date of Sept. 23, 2026. Four mortgages from Morrisania Commons LLC to ICE Lender Holdings LLC were recorded Oct. 7: $10,000,000 (2026100500959002) and three of $5,000,000 (2026100500959005, 2026100500959008, 2026100500959011), a total of $25,000,000, or 202% of the price.View the record on a836-acris.nyc.gov
- Our dataDOB NOW job X01462708-I1 was filed Sept. 25, 2026, two days after the deed's Sept. 23 document date. It is a New Building filing for 9 stories and 98 dwelling units with community facility space, 85,331 square feet of floor area, and an initial cost of $0. Its owner business is Westorchard Management and its owner contact is Steven Westreich; the architect is Glass Architecture DPC and the filing representative is Speedy Expediting Inc. DOB lists the filing status as Incomplete.View the record on data.cityofnewyork.us
- Our dataThe $12,350,000 price works out to about $126,020 per planned apartment, $145 per square foot of the filed floor area and $317 per square foot of the 39,000-square-foot lot. PLUTO classes the lot as a one-story institutional building from 1966 in an R7-1 district.View the record on zola.planning.nyc.gov
Sources
- NYC ACRIS, deed document 2026100500959001Deed, Roldolfo Enterprises II LLC to Morrisania Commons LLC, amount $12,350,000, document date Sept. 23, 2026
- NYC ACRIS, mortgage document 2026100500959002Mortgage, Morrisania Commons LLC to ICE Lender Holdings LLC, amount $10,000,000
- NYC ACRIS, mortgage document 2026100500959005Mortgage, Morrisania Commons LLC to ICE Lender Holdings LLC, amount $5,000,000
- NYC DOB NOW Build filings, job X01462708-I1New Building filing, 9 stories, 98 dwelling units, 85,331 sq ft, filed Sept. 25, 2026
- NYC PLUTO, block 2373 lot 1439,000 sq ft lot, R7-1 zoning, one-story building built 1966, institutional land use