932 2 Avenue

Turtle Bay, Manhattan

Parcel ID (BBL): 1013420051

Acris records

Owner: Mag Partners

Acquired: January 31, 2022, $4.5 million

Debt: December 04, 2023, $95 million

Built: 2024

Renovated: 2022

SF: 190,660

Dwelling units: 194

No. of buildings: 1

Class: Semi-fireproof (Without Stores) (D1)

Floors: 23

Legacy BBLs: 1013420048

Transactions:

MAG Partners borrowed $95 million from Bank OZK for 300 East 50th Street, Turtle Bay, Manhattan on December 04, 2023.

MAG Partners and Krown Point Capital borrowed $33 million from Emerald Creek Capital for 300 East 50th Street, 932 2nd Avenue, and 308 East 50th Street, Turtle Bay, Manhattan on January 31, 2022.

Georgetown Partners sold 300 East 50th Street, 928 2nd Avenue, 930 2nd Avenue, 932 2nd Avenue, and 308 East 50th Street, Turtle Bay, Manhattan for $4.5 million to MAG Partners and Krown Point Capital on January 31, 2022.

Development:

Reggie Kronstadt filed new building job M00611352 for 117,895 sqft R-2 building with 114 apartments in Turtle Bay, Manhattan, on October 22, 2021.

• Rob Willis filed alteration job M01369151 for 1,000 sqft R-2 building with 194 apartments in Turtle Bay, Manhattan, on March 20, 2026.

Reggie Kronstadt filed alteration job M01193820 for 3,376 sqft R-2 building with 194 apartments in Turtle Bay, Manhattan, on March 24, 2025.

Reggie Kronstadt filed alteration job M01093604 for 1,230 sqft building with 194 apartments in Turtle Bay, Manhattan, on December 20, 2024.

• Ibraim Redza filed alteration job M00994665 for 1,000 sqft building with 1 apartments in Turtle Bay, Manhattan, on January 30, 2024.

• Ibraim Redza filed alteration job M00982198 for 10,000 sqft building with 194 apartments in Turtle Bay, Manhattan, on December 28, 2023.

Most recent Zoning Diagram (ZD1)

Violations:

According to city public data, the properties have received one DOB violation, $2,500 in ECB penalties, and $5,580 in OATH penalties in the last year.

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