Avenues Equity Partners pays $3.57M for 11-unit walkup in East Village

Avenues Equity Partners through the entity 274 East 10th Holdings LLC paid $3.575 million to the entity Old House Tenth Street Realty, Inc. for the 11-unit residential walkup building (C7) at 274 East 10th Street in East Village, Manhattan. The expected use is cash flowing.
The deal closed on March 27, 2026 and was recorded on April 10, 2026. The property has 6,000 square feet of built space and 3,959 square feet of additional air rights for a total buildable of 9,960 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $595 and the price per buildable square foot is $358 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 sellers Josefina Salazar and Catalina Salazar was Josefina Salazar. The signatory for Avenues Equity Partners was Jeffrey Schleider . The contract date was November 6, 2025. Jeffrey Schleider’s Lexington Realty Capital signed a contract to buy the property for $3.2 million, then assigned the contract to Avenues for $375,000. The Acris transfer is $3.2 million, PincusCo added the additional $375,000 for a total consideration of $3.575 million.

Avenues Equity Partners financed the purchase with a $2.57 million loan from Stormfield Capital.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Avenues Equity Partners purchased three properties in two transactions for a total of $9.2 million and has no record it sold any properties over the past 24 months.
The seller Josefina Salazar 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 Catalina Salazar, head officer and Josefina Pedraza, officer. The business entity is Old House Tenth Street Realty.

The property

The residential walkup building with 11 residential units in East Village has 6,000 square feet of built space and 3,959 square feet of additional air rights for a total buildable of 9,960 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 99 feet deep with a total lot size of 2,490 square feet. The zoning is R8B which allows for up to 4 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.4 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 housing violation and $350 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 27 of the 37 commercial properties representing 234,106 square feet of the 346,552 square feet. The largest owner is Nuchem Obstfeld, followed by Icon Realty Management and then Sabet Group.
There are no active new building construction projects on this tax block.

The majority, or 69 percent of the 346,552 square feet of built space are walkup buildings, with specialty buildings next occupying 15 percent of the space.

The seller

The PincusCo database currently indicates that catalina salazar owned at least one commercial property with 11 residential units in New York City with 6,000 square feet and a city-determined market value of $1.2 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.

The buyer

The PincusCo database currently indicates that avenues equity partners owned at least three commercial properties with 24 residential units in New York City with 24,809 square feet and a city-determined market value of $10.6 million. (Market value is typically about 50% of actual value.) The portfolio has $6.3 million in debt, borrowed from A&E Real Estate Holdings. Within the portfolio, all identified are walkup properties. They are all located in Manhattan.

Direct link to Acris document. link