229 Avenue C
Alphabet City, Manhattan
Parcel ID (BBL): 1003960029
Owner: Madison Realty Capital
Acquired: May 08, 2020, $31.3 million
Debt: July 22, 2024, $102 million
Built: 2017
Renovated: 2017
SF: 66,043
Dwelling units: 50
No. of buildings: 1
Class: Fireproof – With Stores (D6)
Floors: 14
Transactions:
• Madison Realty Capital borrowed $102 million from Apollo Global Management for 644 East 14th Street, Alphabet City, Manhattan on July 22, 2024.
• Madison Realty Capital borrowed $52 million from RWN Management for 223 Avenue C, East Village, Manhattan on May 08, 2020.
• Opal Holdings sold 223 Avenue C, East Village, Manhattan for $31.3 million to Madison Realty Capital on May 08, 2020.
Development:
• Zach Kadden filed plans for alteration in Alphabet City, Manhattan, on November 10, 2025.
• Zach Kadden filed plans for alteration in Alphabet City, Manhattan, on October 03, 2025.
• Zach Kadden filed plans for alteration in Alphabet City, Manhattan, on December 16, 2024.
• Daniel Chirila filed plans for alteration in Alphabet City, Manhattan, on September 06, 2024.
• Daniel Chirila filed plans for alteration in Alphabet City, Manhattan, on August 02, 2024.
Violations:
According to city public data, the properties have received $1,625 in OATH penalties in the last year.