Begator Hila pays $3.5M for residential walkup in Upper West Side

Begator Hila through the entity 315 West 92nd LLC paid $3.5 million for the eight-unit residential walkup building (C5) at 315 West 92nd Street in Upper West Side, Manhattan. The expected use is cash flowing.
The deal closed on April 10, 2026 and was recorded on April 15, 2026. The property has 6,183 square feet of built space and 2,240 square feet of additional air rights for a total buildable of 8,428 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $566 and the price per buildable square foot is $415 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 Joseph Dannenberg was Brian Zeglis. The signatory for Begator Hila was Begator Hila. The contract date was October 31, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Begator Hila had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Joseph Dannenberg had not purchased any other properties and had not sold any properties over the same time period. The former owner according to the Department of Housing Preservation and Development is Brian Zeglis, head officer. The business entity is The Joseph Dannenberg Testamentary Trust.

The property

The residential walkup building with 8 residential units in Upper West Side has 6,183 square feet of built space and 2,240 square feet of additional air rights for a total buildable of 8,428 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 56 feet deep with a total lot size of 1,400 square feet. The lot is irregular. The zoning is R8 which allows for up to 6.02 times floor area ratio (FAR) for residential. The property is in the Riverside-West End Historic District. The city-designated market value for the property in 2022 is $2.3 million.

Transaction Participants

Sylvester J. Sichenze at Sichenze & Sichenze participated in the transaction on behalf of the buyer.

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 $50 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 18 of the 20 commercial properties representing 617,694 square feet of the 635,257 square feet. The largest owner is Solomon Borg, followed by Argo Real Estate and then Warren Switzler.
There are no active new building construction projects on this tax block.

The majority, or 78 percent of the 635,257 square feet of built space are elevator buildings, with hotel buildings next occupying 14 percent of the space.

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