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VE Equities
VE Equities is a full-service real estate investment and development firm that focuses on building high-end condominiums, retail and office space in New York City and Los Angeles. The firm, which is run by Zach Vella and Justin Ehrlich, has sold a number of buildings throughout Manhattan but mostly downtown, including 257 Water Street, a mixed-use building at the South Street Seaport; and 11 North Moore, a nine-story condo building in Tribeca on the site of a gas station that VE Equities demolished and redeveloped. For the latter, VE Equities launched sales via Instagram. The firm also has renovated two warehouses in Los Angeles and converted them into office space and shopping centers. In 2014, Vella was sued by a minority shareholder in the company that built 949 Park Avenue, who alleged that Vella made interest payments to himself on bogus loans.
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09/20/18
...by Justin Ehrlich, formerly one-half of condo developer VE Equities; Sorabh Maheshwari, formerly a principal at Onex Real Estate; and Gary Podell, a former...
08/16/18
...half its original asking price.
The unit at VE Equities’ 11 North Moore Street sold for $20 million, according to New York City Department of Finance...
06/25/18
...apartments at 250 Bowery.
Fraud charges against the developer, VE Equities, its co-defendants were also dismissed last week, but VE still faces charges of negligence...
05/08/18
...shoddy bathroom walls.
432 Park Avenue
An attorney for VE Equities, Terrence Oved, called the board’s claims “unsubstantiated and unsupported,” and said the developer...
...shoddy bathroom walls.
432 Park Avenue
An attorney for VE Equities, Terrence Oved, called the board’s claims “unsubstantiated and unsupported,” and said the developer...
09/27/17
...million. Described as the “crown jewel” of the VE Equities development, it features four bedrooms, four full bathrooms and 3,168 square feet of exterior space...
08/29/17
From the Westchester market report: For the last several quarters, Westchester County has benefited from New York City’s increasing unaffordability. But the local multifamily building...
For the last several quarters, Westchester County has benefited from New...
06/08/17
For years, the blue-collar town just north of the Bronx was fondly known as “Money earnin’ Mount Vernon.” Now, the tagline could change to “money spendin’”...
06/08/17
Greenwich equestrian estate up for auction after being listed for $21M With an asking price of $21 million, the sellers of an equestrian estate...
05/30/17
...Zach Vella and Justin Ehrlich’s development firm VE Equities. Churchill could not be immediately reached for comment.
Lee said asking prices for the...
02/16/17
...board at 250 Bowery filed a lawsuit against developer VE Equities, Morris Adjmi Architects and Douglas Elliman for allegedly selling them shoddy apartments.
In a...
10/31/16
...out contracts for eight of 16 available units at VE Equities’ 11 North Moore Street, which he claimed made the building “50% sold in 72 hours.” Shortly after...
09/29/16
Prana Investments sunk its teeth into a five-building West Bronx multifamily portfolio for $35.8 million, or about $184 per square foot, sources told The Real...
08/03/16
...investment firm WhiteStar Advisors along with development firm VE Equities, headed by Zach Vella and Justin Ehrlich, paid $56 million for the former warehouse at...
05/10/16
...out. But the luxe Tribeca pad, developed by VE Equities, hasn’t found a buyer since hitting the market at $40 million in January 2014.
The...
The sun was shining and the air was crisp when 30 real estate pros from CIM Group , Kushner Real Estate Group, Criterion Group and...
07/08/15
...neighborhood’s price record at $2,500 per square foot. VE Equities developed the 24-unit building, which was designed by Morris Adjmi and Aldo Andreoli. – Rey...
01/26/15
...is looking to purchase a retail condo at VE Equities’ 250 Bowery.
The center, one of the most renowned institutions dedicated to the art form...
10/23/14
...Ink at 62 Bethune Street
Justin Ehrlich, founder of VE Equities, picked up the last available townhouse at the Robert A.M. Stern-designed Superior Ink...
09/18/14
...Interior at 290 West Street in Tribeca (Credit: VE Equities...
08/25/14
Sales are finally set to launch soon at the long-stalled 179 Ludlow Street. Tags: ariel tirosh, Development, east village...
...Street Development, totaling $129.7 million in listings, and a VE Equities’ condo building at 11 North Moore Street, where the priciest unit in the team’s...
06/20/14
...given a special award by the organization. Stern, VE Equities principal Justin Ehrlich and Elliman brokers Oren and Tal Alexander were also recognized for...
- Event Sales
- Address 13-17 Laight Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 82,500
- Price $ 90,000,000
- Publication Date 11/01/2016
- Event Date 09/15/2016
- Party 1 VE Equities, WhiteStar Advisors
- Party 1 Brokerage Eastern Consolidated
- Party 1 Broker Brian Ezratty, Roberto Ortiz
- Party 2 Vanbarton Group
notes
The former theater for the Tribeca Film Festival sold for $90 million.
- Event Sales
- Address 2489 Morris Avenue
- Neighborhood Fordham Manor
- Borough Bronx
- Square feet 194,944
- Price $ 35,800,000
- Publication Date 11/01/2016
- Event Date 09/15/2016
- Party 1 Enclave Equities
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Prana Investments
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
notes
The building portolio sold for $35.8 million in a deal that included 1225 Sherman Avenue, 2101, 2499 Grand Avenue and 1900 Grand Concourse.
- Event Sales
- Address 13-17 Laight Street
- Neighborhood Tribeca
- Borough Manhattan
- Price $ 2,800,000
- Publication Date 08/01/2016
- Event Date 06/17/2016
- Party 1 Whitestar Advisors, VE Equities
- Party 2 Tribeca Cinemas
notes
The company sold a stake in the building for $2.8 million.
- Event Residential Sales
- Building Name 459 Hudson Street
- Address Unit 1A, 459 Hudson Street
- Unit 1A
- Neighborhood West Village
- Borough Manhattan
- Price $ 318,750
- Publication Date 02/02/2016
- Event Date 01/08/2016
- Party 1 Cooperative Equities Group I
- Party 2 Cooperative Equities Group I
- Event Sales
- Address 89-16 175th Street
- Neighborhood Jamaica
- Borough Queens
- Price $ 15,000,000
- Publication Date 07/01/2014
- Event Date 05/17/2014
- Party 1 Enclave Equities
- Party 1 Broker Ben Weiss
- Party 2 Abro Management Corp.
- Party 2 Brokerage Besen & Associates
- Party 2 Broker Greg Corbin
- Event Sales
- Address 157 Hudson Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 4,165
- Price $ 2,550,000
- Price per foot $ 612.24
- Publication Date 03/01/2013
- Event Date 01/20/2013
- Party 1 VE Equities LLC
- Party 1 Brokerage Eastern Consolidated
- Party 1 Broker Alan Miller
- Party 2 Lebfin Real Estate Company LLC
- Party 2 Brokerage Tarter Stats O'Toole
- Party 2 Broker Greg Kim
notes
The property sold for $2.55 million.
- Event Sales
- Address 290 West Street
- Neighborhood Soho
- Borough Manhattan
- Price $ 15,460,000
- Publication Date 07/01/2012
- Event Date 05/22/2012
- Party 1 Exxon Mobile
- Party 2 VE Equities
notes
The development site sold for $15.46 million. The buyer is planning a luxury residential development on the site.
- Event Office Leasing
- Address 895 Broadway
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 14,000
- Price per foot $ 35.00
- Publication Date 11/01/2006
- Event Date 09/22/2006
- Party 1 Mad River Post
- Party 1 Brokerage Sinvin Real Estate
- Party 1 Broker Bruce Sinder, Christopher Owles
- Party 2 Mergermarket
- Party 2 Brokerage Affirmative Equities
- Party 2 Broker Garrett Bowden
notes
The tenant, a media company focused on corporate mergers and acquisitions, inked a sublease for the entire fourth floor of the six-story building for an approximate annual rent of $490,000. The sublessor, a post-production company, inked its 10-year lease in 1998.
Manhattan, 10013
VE EQUITIES, 157 VE, LLC
VE EQUITIES, 157 VE, LLC
The sponsor(s) filed plans on 04/16/08 for a condo project at 157 Hudson...
Manhattan, 10012
Vella Group, 250 VE LLC
Vella Group, 250 VE LLC
The sponsor(s) filed plans on 05/18/12 for a condo project at 250 Bowery...
...Street Development, totaling $129.7 million in listings, and a VE Equities’ condo building at 11 North Moore Street, where the priciest unit in the team’s...
Manhattan, 10012
Vella Group, 250 VE LLC
Vella Group, 250 VE LLC
The sponsor(s) filed plans on 05/18/12 for a condo project at 250 Bowery...
