KPG Funds sells retail condo in Tribeca for $3.8M

UPDATED 12:08 a.m., February 16, 2026: The entity Eretz 147 Church, LLC paid $3.8 million to KPG Funds through the entity 30 Warren Retail Condo Owner LLC for the retail condo at 102 Chambers Street in Tribeca, Manhattan. The expected use is cash flowing.
The deal closed on February 3, 2026 and was recorded on February 11, 2026. The property has 3,086 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,218 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 January 6, 2021, for $12 million. The signatory for KPG Funds was Romina Cimpoes . The signatory for buyer, which has unknown ownership and is in care of Arman Noghreh of Silver Star Properties, was an attorney, Alexander Seligson . The contract date was December 16, 2025.

Prior sales, articles and revenue

The seller KPG Funds had not purchased any other properties and sold two properties in two transactions for a total of $79.8 million over the same time period.

The property

The retail condo in Tribeca has 3,086 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 3,086 square feet. The city-designated market value for the property in 2022 is $1.7 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 not received any significant violations in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on August 20, 2020. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot. On the tax lot, the most recent condominium plan was filed by CAPE CHURCH ASSOCIATES, LLC to create 23 residential units and 3 commercial units in a building at 30 Warren Street in Financial District, Manhattan, called 30 Warren Condominium that has a $10.6 million sellout, according to an March 24, 2015 submission to the New York State Attorney General. The principals of the sponsor, CAPE CHURCH ASSOCIATES, LLC, were David Kronman and Craig Wood.

The neighborhood

In Tribeca, The bulk, or 47 percent of the 15.3 million square feet of commercial built space are office buildings, with elevator buildings next occupying 28 percent of the space. In sales, Tribeca has 1.5 times the average sales volume among other neighborhoods with $490.2 million in sales volume in the last two years and is the 23rd highest in Manhattan. For development, Tribeca has 1.7 times the average amount of major developments relative to other neighborhoods and is the 16th highest in Manhattan. It had 2.6 million square feet of commercial and multi-family construction under development in the last two years, which represents 17 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of three of the eight commercial properties representing 49,185 square feet of the 95,128 square feet. The largest owner is Ralph Braha, followed by Flatiron Real Estate Advisors and then Joel Hammer.
On the tax block, there was one new building construction project filed totaling 236,339 square feet. It is a 279-unit, 236,339 square-foot residential (R-2) building submitted by Ralph Braha and filed by B.J. Roe with plans filed December 30, 2016 and it has not been permitted yet.

The majority, or 57 percent of the 95,128 square feet of built space are mixed-use buildings, with office buildings next occupying 43 percent of the space.

The seller

The PincusCo database currently indicates that Kpg Funds owned at least one commercial property with one residential unit in New York City with 55,015 square feet and a city-determined market value of $41.3 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single retail property. It is located in Manhattan.

The buyer

The PincusCo database currently indicates that Arman Noghreh owned at least one commercial property with 16 residential units in New York City with 11,970 square feet and a city-determined market value of $1.4 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property. It is located in Manhattan.

Correction: The post was updated to clarify the main buyer was not known.

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