Here’s what the $10M-$20M NYC investment sales market looked like last week

An antiques company sells long-held townhouse, a Greenwich Village multifamily building goes for $20M

TRD NEW YORK /
May.May 29, 2019 08:00 AM
From left: 106 West 13th Street, Genghis Hadi of Nahla Capital, and 24 East 84th Street

From left: 106 West 13th Street, Genghis Hadi of Nahla Capital, and 24 East 84th Street (Credit: Google Maps and Common Ground)

A six-story apartment building in Greenwich Village trades for about $20 million and a commercial townhouse in the Upper East Side — long occupied by a single user — went for $10 million.

1.) An entity managed by Abraham Sanieoff bought an apartment building at 106 West 13th Street for $19.5 million. The roughly 16,900-square-foot Greenwich Village building stands six stories tall and has 30 rental units. The deal prices out to $650,000 per rentable apartment. There were several sellers, most connected to Vanderbilt Realty and a trust tied to Jared Pinchasick. First Republic Bank provided $8.5 million in financing for the deal.

2.) Antique store Bernard & S. Dean Levy, Inc. sold its long-held five-story retail building at 24 East 84th Street for $10 million. An entity tied to Genghis Hadi of Nahla Capital was the buyer of the Upper East Side property. The same LLC recently bought a retail property around the corner at 1122 Madison Avenue, earlier this month for $22.5 million from Thor Equities and Premier Equities. Deutsche Bank provided $18 million in financing for both properties. Douglas Elliman’s George Vanderploeg, Steffen Kral and Thomas Ennis had the listing for the 84th Street property.


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