Atlas Capital’s $112.2M purchase of 132-unit rental in East Village hits city records

Atlas Capital Group through the entity Atlas VI Houston LLC paid $112.2 million to Dermot Company and Rockwood Capital through the entity 250 Houston Investors, Lp for the 132-unit rental condo at 250 East Houston Street in Manhattan. The expected use is cash flowing.
The deal closed on January 15, 2026 and was recorded on January 28, 2026. The two properties have 122,416 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $916 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 Dermot Company and Rockwood Capital was Andrew Levison . The signatory for Atlas Capital Group was Jeffrey A. Goldberger and Andrew B. Cohen . The contract date was December 19, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Atlas Capital Group purchased one property in one transaction for a total of $202.5 million and sold one property in one transaction for a total of $50.5 million over the past 24 months.
The seller Dermot Company purchased three properties in one transaction for a total of $370 million and had not sold any properties over the same time period.

The property

The rental condo with 132 residential units in East Village has 122,416 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 110,530 square feet. The city-designated market value for the property in 2022 is $36.9 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have 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 the tax block of 250 East Houston Street, PincusCo has identified the owners of four of the 11 commercial properties representing 45,735 square feet of the 210,130 square feet. The largest owner is Kushner Companies, followed by Atkins & Breskin and then Tahari Capital.
On the tax block, there were three new building construction projects totaling 205,593 square feet. The largest is a 67-unit, 68,531 square-foot residential (R-2) building submitted by Daniel Hirsch and filed by Daniel Hirsch with plans filed December 23, 2021 and permitted February 29, 2024. The second largest is a 67-unit, 68,531 square-foot residential (R-2) building submitted by Daniel Hirsch|Tamar Olitsky and filed by Daniel Hirsch with plans filed December 23, 2021 and permitted February 29, 2024.

The majority, or 55 percent of the 210,130 square feet of built space are elevator buildings, with walkup buildings next occupying 35 percent of the space.

The seller

The PincusCo database currently indicates that Dermot Company owned at least six commercial properties with 1,530 residential units in New York City with 1,661,965 square feet and a city-determined market value of $390.5 million. (Market value is typically about 50% of actual value.) The portfolio has $922.6 million in debt, with top three lenders as Forethought Life Insurance Company, Helaba, and Mizuho Capital Markets respectively. Within the portfolio, all identified are elevator properties. The bulk, or 57 percent of the built space, is in Manhattan, with Brooklyn next at 43 percent of the space.
The PincusCo database currently indicates that Rockwood Capital owned at least two commercial properties with 1,320 residential units in New York City with 1,197,052 square feet and a city-determined market value of $199.9 million. (Market value is typically about 50% of actual value.) Within the portfolio, all identified are office properties. They are all located in Manhattan.

The buyer

The PincusCo database currently indicates that Atlas Capital Group owned at least 18 commercial properties with 2,208 residential units in New York City with 2,433,004 square feet and a city-determined market value of $392.7 million. (Market value is typically about 50% of actual value.) The portfolio has $870.4 million in debt, with top three lenders as Square Mile Capital Management, MF1 Capital, and TPG Real Estate Partners respectively. Within the portfolio, the bulk, or 65 percent of the 2,433,004 square feet of built space are elevator properties, with D7 properties next occupying 31 percent of the space. The bulk, or 54 percent of the built space, is in Manhattan, with Brooklyn next at 46 percent of the space.

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