Buyer pays $3.2M for 3-family in Hudson Square

Amram Zohar Tzur through the entity NY Nadlan LLC paid $3.2 million to Robert Borre through the entity Robert Borre & Company, LLC for the three-unit building (C0) at 201 West Houston Street in Hudson Square, Manhattan.
The deal closed on January 15, 2025 and was recorded on January 22, 2025. The property has 2,808 square feet of built space and 184 square feet of additional air rights for a total buildable of 2,988 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,127 and the price per buildable square foot is $1,058 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 Robert Borre was Michael Sheehy. The signatory for Amram Zohar Tzur was Boris Nikhman. The contract date was December 3, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Amram Zohar Tzur had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Robert Borre 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 Robert Borre, head officer and Louis Borre Borre, site manager. The business entity is Robert Borre & Co., Llc.

The property

The 1-4 family building with 3 residential units in Hudson Square has 2,808 square feet of built space and 184 square feet of additional air rights for a total buildable of 2,988 square feet according to a PincusCo analysis of city data. The parcel has frontage of 18 feet and is 65 feet deep with a total lot size of 1,230 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $4.6 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

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 three of the 11 commercial properties representing 446,240 square feet of the 515,548 square feet. The largest owner is GFP Real Estate, followed by Superior Management and then Chris Paravalos.
There are no active new building construction projects on this tax block.

The majority, or 86 percent of the 515,548 square feet of built space are office buildings, with walkup buildings next occupying 5 percent of the space.

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