2 Arrested For $1M New Rochelle Jewelry Heist: Police

NEW ROCHELLE, NY — Two Brooklyn men have been accused of participating in a $1 million New Rochelle jewelry store burglary. Captain Robert Gazzola of the New Rochelle Police Department said a search warrant was executed during the early morning hours of April 5 at various locations in Brooklyn and Manhattan related to the Feb. 2 burglary of the New Rochelle Coin, Stamp and Jewelers, located at 20-1/2 Division St.

Police said that during the search several items of evidence were located and two men were taken into custody.

The arrests were the result of an extensive, months-long investigation into the New Rochelle burglary and similar ones in other communities believed to have been committed by the two men, police said.

Kevin A. Lyde, 55, of Rockaway Boulevard in Brooklyn, and Kevin Young, 55, of Bergen Street in Brooklyn, were charged with first-degree grand larceny and third-degree burglary, both felonies.

They were booked and are being held pending arraignment.

Tony Silva, the owner, discovered the break-in morning of Feb. 2 after he opened the store. Police were notified at 8:55 a.m.

Authorities said the store had been ransacked and numerous pieces of jewelry were missing. They said a hole in the roof was believed to have been made by the burglars.

Amanda Pappas, the daughter of the owner, said more than $1 million worth of merchandise was stolen.

The New Rochelle burglary investigation remains open, because a third suspect has not yet been located, police said.

The search warrants were executed by members of the New Rochelle Police Department, the Westchester County District Attorney’s Investigators Office, the Bergen County, NJ Prosecutor’s Office and the Port Chester Police Department.

Westchester County District Attorney Anthony A. Scarpino Jr. commended the agencies for the outcome.

“These arrests are the culmination of an important mulitjurisdictional effort involving our criminal investigators,” he said. “We want to thank all of our partners for this seamless collaboration to bring this two-state burglary spree to an end.”

Photo credit: Google Maps.