52% stake in five Samson Management buildings valued at $237.2M trades hands

An approximately 52 percent stake in five Samson Management buildings valued at $237.2M traded hands, according to city transfer documents filed yesterday. The transfers were in five separate filings.
Sampson Management was co-founded by Arnold Goldstein and members of his family continue to own the firm.

In the largest filing, Eastgold Properties I LLC paid Goldstein Properties LLC for a stake in a building valued at $106.8 million for 110 Fifth Avenue in Flatiron. The deal closed on September 1, 2020, and was recorded on September 23, 2020. The transaction consists of 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6). The property is 148,940 square feet. The parcel(s) have total development potential of 148,940 square feet. The records did not disclose the individual signatories for either entity.
The average valuation per square foot is $717.

Over the past five years, there have been 23 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 23 renovation/alteration projects (A2) applied for with a total estimated value of $10,938,254.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the second transaction, Eastgold Properties I LLC paid Goldstein Properties LLC for a stake in a building valued at $85.4 million for 2290 Broadway in the Upper West Side. The deal closed on September 1, 2020, and was recorded on September 23, 2020. The transaction consists of 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 120 residential units. The property is 165,452 square feet. The parcel(s) have total development potential of 165,452 square feet.
The sale price per unit is $711,642.

Over the past five years, there have been 22 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 22 renovation/alteration projects (A2) applied for with a total estimated value of $2,612,509.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the third, Eastgold Properties I LLC paid Goldstein Properties LLC for a stake in a building valued at $22.9 million for 181 West 97th Street in the Upper West Side. The deal closed on September 1, 2020, and was recorded on September 23, 2020. The transaction consists of 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 140 residential units. The property is 204,468 square feet. The parcel(s) have total development potential of 204,468 square feet.
The sale price per unit is $163,714..

Over the past five years, there have been 9 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 9 renovation/alteration projects (A2) applied for with a total estimated value of $913,310.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the fourth, Eastgold Properties I LLC paid Goldstein Properties LLC for a stake in a building valued at $12.7 million for 20 East 67th Street in Lenox Hill. The deal closed on September 1, 2020, and was recorded on September 23, 2020. The transaction consists of 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 12 residential units. The property is 14,980 square feet. The parcel(s) have total development potential of 27,098 square feet.
The sale price per unit is $1,055,333.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $692,770.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the fifth, Eastgold Properties I LLC paid Goldstein Properties LLC for a stake in a building valued at $9.5 million for 405 Greenwich Street, 405 Greenwich Street in Tribeca. The deal closed on September 1, 2020, and was recorded on September 23, 2020. The transaction consists of 2 parcels, including the tax class residential condominium unit in a mixed-use building with two to 10 residential units (R8). The property is 4,352 square feet. The parcel(s) have total development potential of 6,608 square feet.
The average sale price per square foot is $1,438.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link