107 1 Avenue

Owner: Movcap

Acquired: May 09, 2023, $13.8 million

Debt: May 09, 2023, $8.8 million

Built: 1910

SF: 8,507

Dwelling units: 8

No. of buildings: 1

Class: Over Six Families With Stores (C7)

Floors: 5

Transactions:

• MOVCAP borrowed $8.8 million from First Republic Bank for 107 1st Avenue, 105 1st Avenue, and 109 1st Avenue, East Village, Manhattan on May 09, 2023.

• Leonard Eis sold 107 1st Avenue, 105 1st Avenue, and 109 1st Avenue, East Village, Manhattan for $13.8 million to MOVCAP on May 09, 2023.

Development:

• David Zahabian filed plans for alteration in East Village, Manhattan, on November 11, 2024.

• David Zahabian filed plans for alteration in East Village, Manhattan, on July 27, 2023.

• David Zahabian filed plans for alteration in East Village, Manhattan, on June 13, 2023.

• Mike Jeon filed plans for alteration in East Village, Manhattan, on April 18, 2005.

• Robert Benevenga filed plans for alteration in East Village, Manhattan, on July 07, 2011.

Violations:

According to city public data, the properties have received three housing violations and $450 in OATH penalties in the last year.

Latest Stories:

• MOVCAP pays $13.8M for three adjacent properties in East Village (May 10, 2023)