Anbau Inc. pays $7M for 7-unit walkup in Greenwich Village

Anbau Inc. through the entity 127 W 12th Owner LLC paid $7 million for the seven-unit residential walkup building (C5) at 127 West 12th Street in Greenwich Village, Manhattan. The expected use is cash flowing.
The deal closed on May 18, 2026 and was recorded on June 4, 2026. The property has 4,299 square feet of built space and 1,347 square feet of additional air rights for a total buildable of 5,644 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,628 and the price per buildable square foot is $1,240 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 signatory for the seller, a trust for Alan Johnson, was Monika Staiger Johnson . The signatory for Anbau Inc. was Steven Gorey . The contract date was February 15, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Anbau, Inc. purchased one property in one transaction for a total of $4.3 million and sold one property in one transaction for a total of $16.2 million over the past 24 months.
The seller Monika Johnson had not purchased any other properties and had not sold any properties over the same time period. The former owner according to the Department of Housing Preservation and Development is Monika Johnson, head officer. The business entity is The Alan J Johnson Revocable Trust.

The property

The residential walkup building with 7 residential units in Greenwich Village has 4,299 square feet of built space and 1,347 square feet of additional air rights for a total buildable of 5,644 square feet according to a PincusCo analysis of city data. The parcel has frontage of 22 feet and is 103 feet deep with a total lot size of 2,323 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The property is in the Greenwich Village Historic District. The city-designated market value for the property in 2022 is $2.6 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 not received any significant violations in the last year.

Development

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 three of the 17 commercial properties representing 68,407 square feet of the 157,381 square feet. The two identified owners are Abraham Sanieoff and Slate Property Group.
There are no active new building construction projects on this tax block.

The majority, or 26 percent of the 157,381 square feet of built space are elevator buildings, with mixed-use buildings next occupying 23 percent of the space.

The buyer

The PincusCo database currently indicates that Anbau, Inc. owned at least seven commercial properties with 102 residential units in New York City with 184,138 square feet and a PincusCo-determined asset value of $220.9 million. The portfolio has $152.2 million in debt, with top three lenders as First Republic Bank, Bank OZK, and JPMorgan Chase respectively. Within the portfolio, the bulk, or 63 percent of the 184,138 square feet of built space are elevator properties, with development properties next occupying 19 percent of the space.

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