Anonymous firm pays $23.5M to RYCO Capital for mixed-use in West Village

An anonymous firm in care of Great Neck- based K & J Accounting & Tax Consulting through the entity Pure Luxe Greenwich LLC paid $23.5 million to RYCO Capital through the entity West Lake 801 Greenwich LLC for the four-unit mixed-use building (S9) at 801 Greenwich Street in West Village, Manhattan.
The deal closed on April 10, 2026 and was recorded on April 28, 2026. The property has 11,496 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $2,045 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 July 24, 2023, for $8.6 million. The signatory for RYCO Capital was James D. Ryan III . The signatory for K & J Accounting & Tax Consulting registration was Ben Chuang. Ben Chuang and Cheng-yen Chen are affiliated with more than two dozen entities at the same Tustin, California, street and suite address. The contract date was November 18, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer K & J Accounting & Tax Consulting registration had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller RYCO Capital purchased 10 properties in eight transactions for a total of $142.2 million and sold nine properties in eight transactions for a total of $81.7 million over the same time period.

The property

The mixed-use building with 4 residential units in West Village has 11,496 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 82 feet deep with a total lot size of 2,000 square feet. The lot is irregular. 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 $6.7 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 one DOB violation and $75 in OATH penalties in the last year.

Development

On the lot, there is one active major alteration construction project, M00908635, for a five-unit, 10,098 square-foot RES building. The project was submitted by RYCO Capital and filed by Edward Robertson with plans filed July 28, 2023 and permitted June 26, 2024.

The neighborhood

In West Village, The bulk, or 31 percent of the 10.6 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 27 percent of the space. In sales, West Village has 2.9 times the average sales volume among other neighborhoods with $1 billion in sales volume in the last two years and is the 13th highest in Manhattan. For development, West Village has had very little major development activity relative to other neighborhoods.It had 747,428 square feet of commercial and multi-family construction under development in the last two years, which represents 7 percent of the neighborhood’s built space. There were 144 pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of 12 of the 27 commercial properties representing 69,363 square feet of the 112,364 square feet. The largest owner is Ryco Capital, followed by 23 8th And Jane Llc and then Thierry Mesana.
There are no active new building construction projects on this tax block.

The majority, or 56 percent of the 112,364 square feet of built space are mixed-use buildings, with walkup buildings next occupying 32 percent of the space.

The seller

The PincusCo database currently indicates that Ryco Capital owned at least 20 commercial properties with 275 residential units in New York City with 267,417 square feet and a PincusCo-determined asset value of $258.9 million. Within the portfolio, the bulk, or 49 percent of the 267,417 square feet of built space are walkup properties, with mixed-use properties next occupying 25 percent of the space. The bulk, or 95 percent of the built space, is in Manhattan, with Brooklyn next at 4 percent of the space.

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