Hirschfeld buys 40-unit Yorkville building for $23M

The six-floor walk-up also has two storefronts

TRD New York /
Sep.September 27, 2016 12:50 PM

Hirschfeld Properties bought a 40-unit rental building at 1771 First Avenue on the Upper East Side for $22.8 million or $1,054 per square foot, according to documents filed with the city Tuesday.

Hirschfeld purchased the 21,640-square-foot walk-up from Abraham Daniel’s A.D. Real Estate, which picked up the building two years ago for $14.5 million.

The six-story Yorkville building between 91st and 92nd streets has two storefronts and 40 rental units, 28 of which are rent stabilized, according to Reonomy. The apartments will add to Hirschfeld’s portfolio of over 1,000 residential units throughout the city.

Broker Rebecca Fucci of BSD Realty TRData LogoTINY represented Hirschfeld in the deal.

CEO Elie Hirschfeld, whose company was behind landmarks such as the Hotel Pennsylvania and the Manhattan Mall, is a fan of both Pope Francis and Donald Trump, who are not necessarily fans of each other. He visited the pontiff in Rome and then endorsed Trump shortly after, The Real Deal reported. Hirschfeld, who counts both Trump and Clinton as friends, said that “Donald is a giant and I would invest with him anytime.”

TRD sat down with Hirschfeld for its “Meet the Landlord” feature in late 2013.


Related Articles

arrow_forward_ios
207 East 94th Street, Glenwood Management’s Carole Pittelman and Hirschfeld Properties’ Elie Hirschfeld (Credit: Google Maps)

Glenwood Management makes rare sale with Upper East Side deal

Glenwood Management makes rare sale with Upper East Side deal
Real estate scion Elie Hirschfeld’s sons are suing him for $50M

Real estate scion Elie Hirschfeld’s sons are suing him for $50M

Real estate scion Elie Hirschfeld’s sons are suing him for $50M
Hirschfeld finds a buyer for Marquand investment penthouse

Hirschfeld finds a buyer for Marquand investment penthouse

Hirschfeld finds a buyer for Marquand investment penthouse
This real estate player paid $16K for Trump’s doodle of the Empire State Building

This real estate player paid $16K for Trump’s doodle of the Empire State Building

This real estate player paid $16K for Trump’s doodle of the Empire State Building
Trump supporter Elie Hirschfeld sells $29M Hamptons house where Clintons stayed

Trump supporter Elie Hirschfeld sells $29M Hamptons house where Clintons stayed

Trump supporter Elie Hirschfeld sells $29M Hamptons house where Clintons stayed
Hirschfeld pays $38M for Marquand penthouse

Hirschfeld pays $38M for Marquand penthouse

Hirschfeld pays $38M for Marquand penthouse
DEA quietly signed one of 2014’s biggest office leases

DEA quietly signed one of 2014’s biggest office leases

DEA quietly signed one of 2014’s biggest office leases
Elie Hirschfeld

Hirschfeld Properties CEO accused of swindling $300M from late father’s estate

Hirschfeld Properties CEO accused of swindling $300M from late father’s estate
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...