Anonymous buyer pays $5.5M for 4-family in Upper West Side

The entity Edmund Shelby House, LLC paid $5.5 million for the four-unit building (C3) at 116 West 74th Street in Upper West Side, Manhattan.
The deal closed on January 22, 2026 and was recorded on January 28, 2026. The property has 5,860 square feet of built space and 2,308 square feet of additional air rights for a total buildable of 8,172 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $938 and the price per buildable square foot is $673 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 signatories for the sellers were Harvey Napier and Alice Napier. The signatory for the Starr Associates-registered buyer was Logan Grossman . The contract date was August 18, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Starr Associates registered had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Harvey Napier 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 Harvey Napier, joint owner and Alice B Napier Napier, joint owner.

The property

The 1-4 family building with 4 residential units in Upper West Side has 5,860 square feet of built space and 2,308 square feet of additional air rights for a total buildable of 8,172 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 102 feet deep with a total lot size of 2,043 square feet. The zoning is R8B which allows for up to 4 times floor area ratio (FAR) for residential. The property is in the Upper West Side / Central Park West Historic District. The city-designated market value for the property in 2022 is $3.5 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 $2,680 in OATH penalties 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 26 of the 31 commercial properties representing 196,693 square feet of the 415,995 square feet. The largest owner is Roseanne Yanni, followed by Apex Investments and then Nunzio Ruggiero.
There are no active new building construction projects on this tax block.

The majority, or 49 percent of the 415,995 square feet of built space are walkup buildings, with elevator buildings next occupying 47 percent of the space.

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