Aurora Capital, Adjmi pay $10M for property in Meatpacking, Sunset Park

Aurora Capital Associates and Alex Adjmi’s ACHS Management paid $10 million two two separate sellers for properties in the Meatpacking District and Sunset Park.

In the larger, Aurora Capital Associates and the Adjmi family through the entity CA 406 West 13th Street LLC paid Meatpacking LLC $6.8 million for 406 West 13th Street in the Meatpacking District. The deal closed on November 24, 2020 and was recorded on December 9, 2020. The transaction consists of 1 parcel, including the tax class two-story or store and office (K2). The property is 2,364 square feet. The parcel(s) have total development potential of 2,364 square feet.
The average sale price per square foot is $2,855.

The signatory for Aurora was Bobby Cayre, who leads the firm. The signatory for the seller was real estate attorney Douglas Eisenberg. The contract was signed November 16, 2020. The seller acquired it on February 29, 2016 for $4,000,000.
Direct link to Acris document. link

In the second transaction, Aurora Capital Associates and the Adjmi family through the entity CA 5304 Fifth Avenue LLC paid Christopher Kearney’s 5304 Fifth Avenue Associates, LLC $3.2 million for 5304 5th Avenue in Sunset Park. The deal closed on October 15, 2020 and was recorded on December 9, 2020. The transaction consists of 1 parcel, including the tax class one-story store building (K1)The property is 5,000 square feet. The parcel(s) have total development potential of 5,000 square feet.
The average sale price per square foot is $640.

The signatory for the buyer was Bobby Cayre, who leads Aurora. The contract date was August 31, 2020. The last time the property sold was November 25, 2015 for $1,000,000.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

Direct link to Acris document. link