Abraham Heby pays $10M to Frank Caselli for property in Midtown West

Abraham Heby through the entity AH 55th Street Owner LLC paid Frank Caselli’s Pancas Restaurant Inc $10 million for 47 West 55th Street in Midtown West. The deal closed on November 25, 2020 and was recorded on December 22, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 8 residential units. The property is 11,000 square feet. The parcel(s) have total development potential of 11,000 square feet.
The average sale price per square foot is $909.

The property last sold in 1981. Heby is an auto dealer.
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 $38,000.

Direct link to Acris document. link
The signatory for the buyer or lender was Abraham Heby