1004060057

Owner: Kings Capital

Acquired: April 29, 2026, $7.2 million

Debt: May 05, 2026, $2.6 million

Built: 1900

Renovated: 1985

SF: 9,309

Dwelling units: 20

No. of buildings: 2

Class: Over Six Families With Stores (C7)

Floors: 5

Transactions:

• Kings Capital borrowed $2.6 million from Derby Copeland Capital for 515 East 12th Street, Alphabet City, Manhattan on May 05, 2026.

• Kings Capital borrowed $5.4 million from Derby Copeland Capital for 515 East 12th Street, Alphabet City, Manhattan on April 29, 2026.

• Marshall Aronow, David Aronow and Anna Bauder sold 515 East 12th Street, Alphabet City, Manhattan for $7.2 million to Kings Capital on April 29, 2026.

Development:

• David Aronow filed major alteration job 122244632 for 10,718 sqft B building with 12 apartments in Alphabet City, Manhattan, on January 08, 2015.

• Thomas Giannopoulos filed alteration job M01405852 for 5,792 sqft RES building with 12 apartments in Alphabet City, Manhattan, on May 22, 2026.

• Thomas Giannopoulos filed alteration job M01405857 for 1,763 sqft RES building with 8 apartments in Alphabet City, Manhattan, on May 22, 2026.

• David Aronow filed alteration job 104160122 for building with 12 apartments in Alphabet City, Manhattan, on July 08, 2005.

• David Aronow filed alteration job 102871082 for building with 12 apartments in Alphabet City, Manhattan, on January 18, 2000.

Violations:

According to city public data, the properties have received $1,000 in OATH penalties in the last year.

Latest Stories:

• Kings Capital pays $7.2M for 20-unit walkup in Alphabet City (April 30, 2026)