171 1 Avenue

Owner: Ib Global

Acquired: October 12, 2023, $9.4 million

Debt: October 12, 2023, $8.2 million

Built: 1900

Renovated: 2009

SF: 10,425

Dwelling units: 4

No. of buildings: 1

Class: Primarily Four Family With Store or Office (S4)

Floors: 5

Transactions:

• IB Global borrowed $8.2 million from Piermont Bank for 171 1st Avenue, East Village, Manhattan on October 12, 2023.

• Elliott Antebi sold 171 1st Avenue, East Village, Manhattan for $9.4 million to IB Global on October 12, 2023.

• MIB Real Estate Enterprises sold 171 1st Avenue, 169 1st Avenue, East Village, Manhattan for $14 million to Ellemark Management on December 04, 2019.

• Ellemark Management borrowed $12 million from Bridgeinvest for 171 1st Avenue, 169 1st Avenue, East Village, Manhattan on December 04, 2019.

Development:

• Offer Sharaby filed plans for alteration in East Village, Manhattan, on November 22, 2022.

• Elliot Antebi filed plans for alteration in East Village, Manhattan, on September 29, 2022.

• Elliot Antebi filed plans for alteration in East Village, Manhattan, on September 29, 2022.

• Elliot Antebi filed plans for alteration in East Village, Manhattan, on April 15, 2022.

• Elliot Antebi filed plans for alteration in East Village, Manhattan, on April 11, 2022.

Violations:

According to city public data, the properties have received one DOB violation and $2,010 in OATH penalties in the last year.

Latest Stories:

• IB Global pays $9.4M for mixed-use in East Village (October 13, 2023)

• Elliot Antebi’s Ellemark Management pays $14M to Semmes Brightman’s MIB Real Estate Enterprises for residential property in East Village (December 05, 2019)

• Elliot Antebi’s Ellemark Management borrows $12M from Bridgeinvest for mixed-use property in East Village (December 05, 2019)