Gilco Realty closes 2025 with strong fourth quarter in leasing and sales
Bronx, NY Gilco Realty LLC closed out the fourth quarter of 2025 with sale and lease transactions by Moustapha Diagne, Pierre Joradan and Michael Gilbert.
Gilco’s fourth quarter highlights:
• Diagne completed four deals by year-end, including the challenging sale of 450 East 172nd St., which involved navigating a seller’s bankruptcy and securing buyer financing with restoration requirements.
After an initial lease for a 4,000 s/f space fell through, Diagne secured a new tenant — a salon spa business — at 1165 Southern Blvd., with the tenant expected to open soon.
• Diagne, with Pierre Jordan, also leased 1159 Southern Blvd. to Magic Shine LLC for their second Bronx car detailing studio.
• Jordan was active in leasing spaces for income tax/multi-service tenants, securing leases at several Bronx and Manhattan locations: 1616 Crosby, 276 E 169th St., 582 Union St., and 547 W 186th St., with more deals in progress.
Gilbert handled larger industrial leases, including:
• 888 Longfellow Ave. (19,000 s/f) to A1 City Wholesale, serving regional delis and supermarkets.
• 1049 Zerega Ave. (21,500 s/f) to Lift Solution Holdings, which has already begun operations after relocating.
Gilco Realty LLC is expanding and seeking both experienced and new licensed salespeople, especially for Lower Westchester, Queens/Brooklyn, industrial properties, and not-for-profit/educational facilities.