10-unit UWS rental sells for $5M through bankruptcy

The entity 330 W 86 St LLC registered with attorney Harry Zubli, paid $5 million through a bankruptcy process for the 10-unit residential walkup building (C5) at 330 West 86th Street in Upper West Side, Manhattan. The expected use is cash flowing. The former owner that put the property into bankruptcy was the entity Garofalo Real Estate Holdings LLC.
The deal closed on January 30, 2026 and was recorded on February 9, 2026. The property has 7,115 square feet of built space and 13,746 square feet of additional air rights for a total buildable of 20,860 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $702 and the price per buildable square foot is $239 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on December 1, 2014, for $7 million. The signatory for Laura Garofalo was Laura Garofalo. The contract date was January 29, 2026.

Steve Hackel of ASLD Realty filed a $4.3 million pre-foreclosure, 850162/2022, on August 23, 2022, against Laura Garofalo related to a loan secured by 330 West 86th Street.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Harry Zubli registered had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Laura Garofalo had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Gregg Winter, head officer and David Heiden, officer. The business entities are 330 W 86th Street Apts Llc and 330 W 86th Street Apts Llc.

The property

The residential walkup building with 10 residential units in Upper West Side has 7,115 square feet of built space and 13,746 square feet of additional air rights for a total buildable of 20,860 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 102 feet deep with a total lot size of 2,086 square feet. The lot is irregular. The zoning is R10A which allows for up to 10 times floor area ratio (FAR) for residential with inclusionary housing. The property is in the Riverside-West End Historic District Extension I. The city-designated market value for the property in 2022 is $2.7 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received one DOB violation, 11 housing violations, and one housing litigation in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of seven of the eight commercial properties representing 281,810 square feet of the 309,402 square feet. The largest owner is Isadora Hecht, followed by Morris Schreiber and then Laura Garofalo.
There are no active new building construction projects on this tax block.

The majority, or 84 percent of the 309,402 square feet of built space are elevator buildings, with specialty buildings next occupying 9 percent of the space.

The seller

The PincusCo database currently indicates that Laura Garofalo owned at least one commercial property with 10 residential units in New York City with 7,115 square feet and a city-determined market value of $3.2 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property. It is located in Manhattan.

Direct link to Acris document. link