10-unit walkup in West Village sells to anonymous buyer

The entity 113 East 29 LLC in care of the law firm Belkin Burden Goldman, paid $12.3 million to Christian Harker through the entity West 10th Street LLC for the 10-unit residential walkup building (C4) at 194 West 10th Street in West Village, Manhattan. The expected use is cash flowing.
The deal closed on January 31, 2025 and was recorded on February 14, 2025. The property has 9,530 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,290 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 February 1, 2016, for $13 million. The signatory for Christian Harker was Christian Harker. The signatory for Belkin Burden Goldman registered was Michael A. Mulia . The contract date was January 6, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Belkin Burden Goldman registered had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Christian Harker 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 Michael Feldman, head officer and Ilana Sherizen, site manager. The business entities are Choice New York Management and West 10th Street Llc.

The property

The residential walkup building with 10 residential units in West Village has 9,530 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 95 feet deep with a total lot size of 2,407 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The property is in the Greenwich Village Historic District. The city-designated market value for the property in 2022 is $5.6 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 $350 in OATH penalties 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 24 of the 37 commercial properties representing 413,994 square feet of the 526,094 square feet. The largest owner is Bldg Management, followed by Dalan Real Estate and then William Gottlieb Real Estate.
There are no active new building construction projects on this tax block.

The majority, or 52 percent of the 526,094 square feet of built space are walkup buildings, with elevator buildings next occupying 38 percent of the space.

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