6-unit Lincoln Square walkup sells for $4.1M

The entity Real Rye LLC in care of Mabrose Realty, paid $4.1 million to David M. Rubin through the entity Acala Projects LLC for the six-unit residential walkup building (C2) at 219 West 70th Street in Lincoln Square, Manhattan.
The deal closed on January 30, 2026 and was recorded on February 4, 2026. The property has 4,595 square feet of built space and 1,430 square feet of additional air rights for a total buildable of 6,024 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $886 and the price per buildable square foot is $676 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on January 25, 2011, for $2.2 million. The signatory for David M. Rubin was David M. Rubin. The signatory for the Mabrose Realty registered entity was an attorney, Marc J. Isaacs. The contract date was January 9, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Mabrose Realty registered had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller David M. Rubin had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Marbrose Realty, head officer and Acacio Vasquez, site manager. The business entities are Marbrose Realty Inc and Acala Properties Llc. The 4,595-square-foot property generated revenue of $176,816 or $38 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 6 residential units in Lincoln Square has 4,595 square feet of built space and 1,430 square feet of additional air rights for a total buildable of 6,024 square feet according to a PincusCo analysis of city data. The parcel has frontage of 15 feet and is 100 feet deep with a total lot size of 1,506 square feet. The zoning is R8B which allows for up to 4 times floor area ratio (FAR) for residential. The property is in the West End-Collegiate Historic District Extension. The city-designated market value for the property in 2022 is $4.1 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $150 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on April 5, 2016. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of six of the 25 commercial properties representing 24,676 square feet of the 267,219 square feet. The largest owner is John & Christina Galinos Of Christina Galinos, followed by Ethan Rozenblatt and then George Aryeh.
There are no active new building construction projects on this tax block.

The majority, or 64 percent of the 267,219 square feet of built space are elevator buildings, with walkup buildings next occupying 33 percent of the space.

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